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Ask a PM: How to Get Proper Estimates

LiquidPlanner

We do a lot of projects that are innovative (for us), and my development colleagues always seem reluctant when it comes to project planning. How do you deal with a team that refuses to estimate how long tasks will take? It is difficult to estimate when the task is too big. Tested new features before—you can estimate that part.

Estimate 602
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Rough Order of Magnitude (ROM) Estimate and How to Calculate It (with example)

Rebel’s Guide to PM

What is a ROM estimate used for? A rough order of magnitude estimate is used to give you a very high level view of potential project costs. Ideally, you’d be able to provide a definitive estimate, carefully created from loads of input from subject matter experts and plenty of research on past projects and their budgets.

Estimate 460
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Exploring Estimation Approaches: What is the Right Fit for Scrum Teams!

Scrum.org

Estimation is a complementary practice Scrum Teams use in Product D evelopment. The purpose of estimation is to provide a rough idea of how much effort, time, and budget are needed to complete specific features or PBI- Product Backlog Item of the product.

Estimate 159
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Mastering Project Estimation: Simplified Techniques for Reliable Scheduling

MPUG

The solution, of course, is estimating. There is a whole science to estimation, and it would be possible to go very deeply into this. But before we start, let’s tackle the Estimation Elephant in the Room…. The estimation techniques they use are a deliberate trade-off between speed and accuracy.

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Ghosts of Agile Past: Story Points

Scrum.org

Initially intended as a tool for simplifying estimation, story points have become a source of confusion and dysfunction within teams. The inception of story points was meant to move teams away from the absolute estimation of tasks, such as the number of hours, to a more relative and flexible system.

Agile 172
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What is ROM and how to calculate it (with example)

Rebel’s Guide to PM

What is a ROM estimate? A rough order of magnitude estimate is used to give you a very high level view of potential project costs. Ideally, you’d be able to provide a definitive estimate, carefully created from loads of input from subject matter experts and plenty of research on past projects and their budgets.

Estimate 286
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Will a Project Management Certification Help Your Career?

LiquidPlanner

But in a competitive marketplace, with the pressure for IT teams to be innovative but with fewer resources and more time pressures, it certainly isn’t going to hurt your career path in any way. To learn more about how to master the Art of Estimation, download our eBook, “ 6 Best Practices for Accurate Project Estimates.”