Abstract: According to the one aspect of the present disclosure, a method for knowledge and process based estimation model for product development activities of engineering services comprises: accepting a plurality of input details of a product. A component of the product is chosen for the purpose of estimation. The method of the present embodiment also comprises choosing the complexity of the component. A stream for estimation is selected and a process depending on the stream is also selected. Furthermore, the method comprises, choosing the complexity of the process to estimate. Based on all the selected parameters, the pre-defined data is estimated. A report can also be generated based on the estimated data. The method further defines the process of mapping effort estimates for engineering activities in a product development lifecycle phases to a unique work sizing metric called Engineering Functions Units of Work (EFUoW).

Abstract: The present invention provides a method, system and computer program product for estimating resource factors for a steady state execution of a project. The resource factors are associated with a second set of resources. A required effort associated with a first set of resources executing the project is received. Thereafter, a primary effort estimate is calculated. Subsequently, first pre-defined parameters and second pre-defined parameters are assigned corresponding weights. A value corresponding to each of the resource factors is then generated on the basis of the primary effort estimate, weighted first pre-defined parameters and weighted second pre-defined parameters and available time associated with the second set of resources.