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<p>In <a href="page.php?w=software_development">software development</a>, <b>effort estimation</b> is the process of predicting the most realistic amount of effort (expressed in terms of person-hours or money) required to develop or maintain <a href="page.php?w=software">software</a> based on incomplete, uncertain and noisy input. Effort <a href="page.php?w=estimation">estimates</a> may be used as input to project plans, iteration plans, budgets, investment analyses, pricing processes and bidding rounds.</p>

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