Associate professor,CSE.GIET,Rajahmundry,AP,INDIA

The project is a collection of inter related activities that are executed in a certain order. Project management is a discipline of defining and achieving the targets while optimizing the use of resources over the course duration of a project. One of the most important problems that are faced by project manager is to see the project is going to be completed in stipulated time, and to see the company does not suffer from cost and time overruns. For this purpose project manager able to monitor the resources and generate the reports on performance and by providing the accurate forecast of effort estimations. Estimations can be done in two ways; among them one is estimating the size of the project. In the traditional systems most of the software experts can claim the sizing of a project by using LOC (Lines of Code). In this technique there are so many problems, which can be avoided by measuring the total functionality of the project instead of size of the project which leads to the concept called function point analysis (FPA). Function point analysis was proposed to help measure the size of a computerized business information system. It is widely used in actual software development. However it has been reported that since function point counting involves judgment on the part of the counter. In this paper we proposed how the estimations can be done in conventional software project management and modern software management for the large, complex, distributed projects