After owning a product, I've developed a lot of sympathy for the people outside of engineering who have to put up with us. Engineers love to push back on estimates, believing that "when it's done" is somehow acceptable for the rest of the business to function. In a functioning org, there are lot of professionals depending on correct estimation to do their job. For us, an accurate delivery date on a 6 month project wa…
In practice developers have to "handle" the people requesting hard deadlines. Introduce padding into the estimate to account for the unexpected. Be very specific about milestones to avoid expectation of the impossible. Communicate missed milestones proactively, and there will be missed milestones. You're given a date to feel safe. And sometimes you'll cause unnecessary crunch in order for a deadline you fought for to be met. Other times, you'll need to negotiate what to drop.
But an accurate breakdown of a project amounts to executing that project. Everything else is approximation and prone to error.