How to calculate the size of a project in the days-person unit of measurement

estimationproject-management

Once in a while I have read here and there the size of a project expressed in a matter of days-person or person-day.

I may understand what this means, but I don't know on what do people base themselves to calculate it.

  1. What are the variables considered into this calculation?
  2. How these variables are used in the calculation formula?
  3. Otherwise, how to estimate it grossly, when something is missing from the formula's variables?

Best Answer

Standard Agile way:

  1. Divide project into user stories;
  2. Divide user stories into tasks (and optionally subtasks);
  3. Have ppl who are actually going to work on the task estimate how much time they need;
  4. Add 30% slack;
  5. Add everything up.
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