Software cost estimation is an important first step when beginning a project. It addresses important questions regarding budget, staffing, scheduling, and determining if the current environment will support the project. In this podcast from the Carnegie Mellon University Software Engineering Institute (SEI), Anandi Hira, a data scientist on the SEI's Software Engineering Measurement and Analysis team sits down with Bill Nichols, principal engineer and SEI data science team lead, to discuss software cost estimation including various metrics, best practices, and common challenges when developing or building a model.