Which estimation approach is appropriate while waiting for responses from bidders?

Creating an estimate based on function point analysis and test point analysis is appropriate while waiting for responses from bidders because these methods provide a structured and quantitative way to assess the scope and complexity of the work involved. Function point analysis focuses on measuring the functionality delivered to the user, which allows for an estimation of the effort and resources needed for testing and development.

Test point analysis supplements this by assessing both the testable features and the expected quality of the deliverable, enabling a more comprehensive understanding of what the project entails. These methods rely on established metrics and standards, making them suitable for generating reliable estimates even in the absence of specific details from bidders.

This approach allows project managers and stakeholders to make informed decisions and allocate resources appropriately while they await concrete bids. It fosters a clearer understanding of potential costs and timelines based on objective criteria rather than subjective inputs or unverified estimates. Doing so enhances the ability to compare future bids against a baseline estimate derived from proven methodologies.