Estimating Agile Projects.Or Not

Leading Answers

Project managers generally like plans and estimates so we can forecast when things should be done and how much they may cost. " So, when project managers hear about ideas such as "let's stop estimating," it can trigger a knee-jerk reaction.

Estimating

Zen Project Management

I started thinking about how common it is for people to not be able to provide good estimates. It was ironic, but part of the work with my client that week was explaining the technique of relative estimates using t-shirt sizes and story points. The team I was working with was new to agile and used to the old way of doing absolute estimates, which as we all know are not as accurate because of things like student syndrome or Parkinson's Law.

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Estimate everything?

Musings on Project Management

Mike Cohn on estimating (from his email blasts): "Because I've written a book on estimating, people seem to think I estimate everything on my product backlog. I ask a team to estimate a product backlog item only when having the estimate will lead to actionably different behavior. So, for example, I might ask a team for an estimate on a user story so that I can decide if I want. agile estimate

Everyone estimates!

Musings on Project Management

We all make estimates; and we all make estimates all the time. When I make the 20 mile trip each Tuesday to a client site, I estimate adjustments to a baseline based on weather and road construction and if I know about an accident. Really, no one sets out to do anything meaningful without some estimate in mind re time, or cost, or risk; usually we can also notionally estimate the scope. So, agile estimate

How to Package and Price Embedded Analytics

What’s more, these features contribute 54 percent of the overall value of software products, as estimated by independent. Teams of agile developers race along the product. You need to take another step to estimate. To estimate the relative value of your mid-range tier, review.

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

Girl'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. But in reality, we rarely have the time or luxury of being able to provide that level of estimate at the earliest stage of project.

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Why do we need Estimation?

Agilemania

If our estimates are wrong most of the time, why should we even attempt estimating in the first place? If this is the case, why bother estimating at all? . Estimating can work but only if you understand why you are doing it. Let us understand why we estimate. .

Planning Poker – build accurate estimates for sprints on agile projects

The Digital Project Manager

Planning Poker is a great freemium agile estimation digital card game that enables a collaborative approach for consensus-driven estimating to guide sprint planning. The post Planning Poker – build accurate estimates for sprints on agile projects appeared first on The Digital Project Manager. Play around. General Tools

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How To Be An Estimating Superhero

Girl's Guide to PM

A statistical model for estimating isn’t normally something I’d put in the ‘make my job easy’ box, but I might just have found one that works. He’s taken the PERT (Project Evaluation and Review Technique) estimating approach to the next level by letting you add a dash of professional judgement in with the numbers. What if you want an estimate that is, say, 75% reliable? PERT can’t give you those kinds of estimates. How reliable is this estimate?”.

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What is Agile Project Planning? An Introduction for Beginners

ProjectManager.com

While agile is relatively new, it has made a big splash in the work of project management. It started in software development, but has since been adopted by other industries that have seen the benefit of agile’s iterative approach. What Is Agile Project Management?

2021 343

Project Estimation: Master the Tools and Techniques

Online PM Courses

There are two reasons why Project Estimation is a big deal for project managers. And second, poor estimates are often a primary reason for a project cost or schedule over-run. So, in this article, we’ll take a careful look at project estimation, to help you learn how to master the art and craft of doing it well. What is Project Estimation? Why is Project Estimation so hard? The Estimation Knife Edge. Methods and Tools for Project Estimation.

Estimation Techniques in Scrum

ActiveCollab

Estimation is quite challenging to master but a crucial part of the Agile methodology. As a business owner or manager, it’s your responsibility to estimate the work and plan ahead. WHY DO WE ESTIMATE IN AGILE?

RBS is one more technique for your estimation tool belt!

Kiron Bondale

Project managers need to be comfortable with different estimation techniques. Foundational project management courses will teach you about analogous, bottom-up, parametric and three-point estimating. Take a course covering agile delivery and you’ll learn about relative sizing techniques such as estimating poker or t-shirt sizing. Estimate the size or effort of that story or work package.

Project Estimation Techniques Everyone Needs To Know

Wrike

Project estimation techniques help project managers accurately estimate essential elements, such as cost and scope , within their projects. What are project estimation techniques? An estimate is a rough calculation of something. Why are project estimates important?

Estimating on Agile Projects

Herding Cats

Here's a straightforward approach to estimating on agile projects. This is an example of the estimating profession found on many domains. . NoEstimates Estimating

Software Estimating Resources

Herding Cats

This blog page is dedicated to the resources used to estimate software-intensive systems using traditional and agile development methods. The reason for this resource page is the lack of understanding of how to estimate, the urban myths about software estimating, and the fallacies that estimating is not needed, when developing software, in the presence of uncertainty, when spending other peoples money. Estimating Probable System Cost,” Stephen A.

Estimates, Forecasts, Projections

Herding Cats

Estimates. An Estimate is a value inferred for a population of values based on data collected from a sample of data from that population. The estimate can also be produced parametrically or through a simulation (Monte Carlo is common, but Method of Moments is another we use). . Estimates can be about the past, present, or future. We can estimate the number of clams in the Pleistocene era that are in the shale formations near our house. Estimate to Complete.

Your Guide to Accurately Estimating Projects

LiquidPlanner

Estimation is an invaluable tool for anticipating and managing project uncertainties. Accurate project estimates help identify cost and schedule requirements with relative precision, and reduce the risk of running out of time, resources, and budget during a project. But even with years of experience, project managers struggle with accurate project estimates. It’s easier to estimate in ranges because it alleviates the pressure of not meeting a single-point estimate.

Estimates Are Useful, Just Ditch the Numbers

Scrum.org

TL; DR: Estimates Are Useful, Just Ditch the Numbers. Many people dislike estimating work items as estimates supposedly open the path to the misuse of velocity by the managers, reintroducing Taylorism, micro-management, and excessive reporting through the backdoor.

Why Johnny Can't Estimate?

Herding Cats

Ranging from traditional to agile and combinations in between. Since all risk comes from uncertainty - reducible (Epistemic) and irreducible (Aleatory), estimating is a foundation of all we do. There is no discussion of the conjecture that estimates are a waste, estimates can't be done, estimates are evil, estimates must be stopped immediately. Paradigm of agile project management from Glen Alleman. . Gow to avoid common estimating mistakes.

Review Everything wrong with agile

Henny Portman

Everything wrong with agile – Half the work in twice the time is the first agilecartoons book by Michael Küsters. The 70 ridiculous agile situations are clustered in 8 groups: Let’s transform. Manage agile. Agile English Post review

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Agile Estimation A SoundNotes Tutorial

Leading Agile

Estimating work in Agile is something many people struggle to understand. It’s not that it’s an especially complicated thing, but there is often confusion about things like why many people prefer to use story points instead of hours, why some people feel compelled to try and convert story points to hours (and why some of us find that so frightening), how t-shirt sizing works, and the eternal question of how do I get my teams to estimate accurately.

Estimating is a Learned Skill

Herding Cats

Estimating is a learned skill, used for any purpose from every-day life to management of projects. When I left for the airport this morning to catch my flight to a customer site I estimated, given the conditions, how much time I need to get to my favorite parking spot at DIA. The same process for estimating is applied to multi-billion dollar projects we work. Here's some materials that provide the tools and processes needed to learn how to estimate.

Why Johnny Can't Estimate? (Update)

Herding Cats

Ranging from traditional to agile and combinations in between. There is a discussion of the conjecture that estimates are a waste, estimates can't be done, estimates are evil, estimates must be stopped immediately. To be informed how to estimate in this broad range of domains, problems, and impacts — education, experience, and skill are needed. To make decisions in these conditions, estimates are required. Gow to avoid common estimating mistakes.

How to Increase the Accuracy of Your Project Estimates

MavenLink

Creating an accurate estimate up front will help balance both sides by setting client expectations and preventing surprise costs from compromising profit margins. Having an accurate, reusable estimation model plays a pivotal role. What Makes an Accurate Estimation Model? The estimation process should not simply result in one high-level cost estimate and overview of deliverables. The Importance of Estimation Models. The Estimation Process Review.

What is an Estimate? What is Estimating?

Herding Cats

I work in a domain where estimates are made every single week. Estimate to Complete (ETC), Estimate at Completion (EAC), Estimated Completion Date (ECD) are the life blood of our software intensive system of systems programs. In Agile the Product Roadmap and Release Plan are the basis of the PMB. Since all projects operate in the presence of uncertainty, with the resulting risk - estimates are needed to make decisions that impact the future.

How to Talk About Estimates

Herding Cats

What is an estimate? An estimate as a noun is an approximate calculation or judgment of the value, number, quantity, or extent of something. An estimate as a verb is to roughly calculate or judge the value, number, quantity, or extent of. But those estimates, nouns, and verbs themselves's have other attributes. Estimating and the resulting Estimates must be described by their accuracy and precision. Let's Stop Guessing and Start Estimating.

A Getting Started Guide to Agile System Development Life Cycle

nTask

An agile methodology is an iterative approach to project development. In agile, the project is broken down into small iterations to deliver high-quality products. Here is a getting started guide to agile system development lifecycle to understand it better.

2021 78

Project Budgets: Tips for Estimating & Cost Tracking – Clarizen

Planview

Tracking costs involves estimating budgets, establishing controls, measuring results, updating forecasts and continuous communication. The following are tips for estimating and tracking costs, but note, there is a specific order to execute precise cost tracking:   Pre-Planning.

Agile Estimating Methods and Impact on Project Development Performance Index

Herding Cats

The presentation " Quantifying the Impact of Agile Practices ," Larry MacCherone at the RallyOn 2013 Conference, presents some results on estimating impacts. The chart below shows 4 estimating types, including No Estimates, the sample sizes for each type and the components that make up the estimating types. Teams doing Full Scrum have 250% better Quality than teams doing No Estimating. How to Estimate Software Development. Mike Cohn's Agile Quotes.

2016 53

Project Estimation Methods

Planview

The following content is based on the whitepaper, “Bigger Than a Breadbox: 10 Tips for Better Project Estimates, Part 1,” written by Jerry Manas. Much like a GPS uses satellite information on traffic patterns to calculate the remaining time on your trip, project estimation methods help you maintain a realistic project schedule. Guess you could say it’s the GPS of estimating. The GPS of Estimating. Contributor estimates. Leveraging contributor estimates.

Principles of Cost and Schedule Estimating

Herding Cats

One of the 4 summary root causes of project performance failures is Unrealistic Cost and Schedule Estimates based on inadequate risk-adjusted growth models. Those making these claims may have their own personal purposes, their own agenda, their own reasons for sell this idea that estimates are somehow no longer needed when we're spending other people's money to produce value in exchange for that money. If you have no uncertainty, then estimates provide no value.

Decisions Without Estimates?

Herding Cats

There is a posted question at an agile conference. Can you make a decision without an estimate? Like many discussions in the domain of agile, the statement is made without any evidence that it is true, nor can even be true in principle. There are NO means of making a credible decision in the presence of uncertainty without estimating the outcome of that decision. Don't assume, Estimate. Be an Adult, estimate the impact of the risk on the probability of success.

Your Guide to Accurate Project Estimate Projects

LiquidPlanner

Estimation is an invaluable tool for anticipating and managing project uncertainties. Accurate project estimates help identify cost and schedule requirements with relative precision, and reduce the risk of running out of time, resources, and budget during a project. But even with years of experience, project managers struggle with accurate project estimates. It’s easier to estimate in ranges because it alleviates the pressure of not meeting a single-point estimate.

What Is Agile Velocity & Why Should You Care About It in 2022

nTask

One of the best things about the Agile Methodology and the core reason for its popularity in today’s market is its ability to deliver and reiterate. What is agile velocity? What is Agile Velocity? How to Calculate Agile Velocity? Disadvantages of Measuring Agile Velocity.

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Roadmapping and Budgeting with Rapid Estimation

Leading Agile

Importantly, we have to be able to do that without redirecting the whole org to create an estimate. We have to get good at taking ambiguous requirements and translating them into chunks that we can meaningfully size, even though we have very little info — rapid estimation. Some organizations deal with this by disrupting current work to pull bunches of people into estimating these big chunks of work. The unit of delivery is the Agile team.”.

Step-By-Step Guide to Agile Planning- Drafting And Executing Projects

nTask

One such way of improving performance in Agile planning. Agile panning is used by a whopping 71% of organizations to manage their projects. It has been proven that agile projects have a faster delivery rate when compared with other methodologies of project planning and management.

10 Point Checklist for Better Project Estimates

Planview

The following content is based on the whitepaper, “Bigger Than a Breadbox: 10 Tips for Better Project Estimates, Part 2,” written by Jerry Manas. From all the previous six parts of this series, it should be clear that effective estimation is a primary driver of project success, resource planning, and portfolio alignment. Part 1: Improve Project Estimates and Escape Crisis Mode. Use Horizon-Based Estimates. Employ Traditional vs. Agile Approaches Strategically.

GAO Cost Estimating and Assessment Guide Applied to Agile

Herding Cats

The GAO Cost Estimating and Assessment Guide has 12 steps. There are not specific to Agile Software Development. Agile. Agile teams, for the most part, are a fixed set of resources, so the spending plan is essentially Flat. Agile doesn't have the formal notion of a critical path , but there are critical features that are needed for the Capabilities. Agile is a participant in Risk Management, but Agile is NOT Risk Management. .

Estimating the Risk

Herding Cats

In order to make risk-informed decisions, we must estimate the outcomes and the impacts of those outcomes on future activities (cost, schedule, and technical performance of products and services). Without these estimates, there is no risk management. Without these estimates, there can be no risk management. Be an adult, make estimates of the future outcomes of your risk informed decisions. . [1] 4] " Risk Management and Agile Software Development ," Glen B Alleman.