Sources:•Jørgensen, M. (2004). Top-down and bottom-up expert estimation of software development effort. Information and Software Technology. Vol.46, Iss.1; pp.3–16.•Kim, Y.H., Sting, F.J., Loch, C.H. (2014). Top-down, bottom-up, or both? Toward an integrative perspective on operations strategy formation. Journal of OperationsManagement. Vol.32, Iss.7/8; pp.462-474.•Stamelos, I., Angelis, L., Morisio, M., Sakellaris, E., Bleris, G.L. (2003). Estimating the development cost of custom software. Information and Management. Vol.40,Iss.8; pp.729–741.•Amaral Féris, M.A. (2015). Enhancing the Quality of Planning of Software Development Projects. Australian National University (ANU) ―Expert judgmentis the most commonly used method for software effort estimations inplanning.(Stamelos et al., 2003)Experts can examine a project from a broad viewto provide the effort estimation(top–down approach) or by decomposing the project into activities, estimating themindividually and then calculating the sum of all activities (bottom–up approach).(Shepperd and Cartwright, 2001; Jørgensen, 2004)How to estimate costs?OPS 935: Project Management