> Effort estimation is an important component of any project, software or otherwise.
The most “important component”, what does that even mean? Do they mean task? Isn’t the most important thing to deliver results? Which could mean working software or aborting bad projects
Also remember - if I am doing repairs for fun, I only count the parts cost.
But if I go to professional mechanic, it's $100/hr in labour. So $1000 might be $300 of parts and a day of labour to restore to safe operation an old motorcycle.
That is quite in line with the amount of work I've seen friends do to bring old bikes back on road (well... my friends would spend weeks and dozens of hours, but we're assuming mechanics are more efficient:)