The document discusses software project estimation and planning. It explains that estimation requires experience with past projects to estimate resources, costs, and schedules. Project complexity and requirements that change affect estimation accuracy. The objectives of planning are to provide reasonable cost, effort, and schedule estimates, which must be updated over time. Planning also involves estimating project scope, requirements, and human and reusable resources needed. Different models can be used for problem-based estimation. Managers must decide whether to develop software internally or acquire externally.
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