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Explore the intricacies of software project estimation in this insightful conference talk by Igor Steinmacher, Assistant Professor at the Federal University of Technology - Paraná in Brazil. Delve into the reasons behind estimate padding across different roles in software projects. Examine stakeholders, factors influencing estimates, and findings from observation studies. Learn about the impact of Agile practices and risk management strategies on estimation processes. Understand the phenomenon of "hiding tails" and its implications. Gain valuable insights into negotiation techniques and the complexities of adding estimates in software development. Conclude with key takeaways to improve estimation practices in your own projects.