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In this video tutorial from Master2Teach, viewers will learn about function points in software engineering, including how to calculate them for project estimation. The instructor aims to provide a step-by-step guide and examples of function point calculations and their applications. Function points, developed by Allan of IBM in 1977, serve as a standard metric for estimating the value and cost of software development. They measure software functionality from the user's perspective, focusing on what users receive from the software. The video emphasizes the challenge of assessing software worth and recommends using function points as an effective estimation method based on prior development experience.