Estimated effort refers to the amount of time and resources needed to complete a specific task or project. It is often calculated based on previous experiences, expert judgment, and available data. This estimation helps teams plan their work effectively and allocate resources efficiently. In project management, estimated effort is crucial for setting realistic deadlines and budgets. By understanding the estimated effort, teams can identify potential challenges and adjust their strategies accordingly. Tools like Gantt charts and Agile methodologies often incorporate estimated effort to enhance project tracking and ensure successful outcomes.