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Estimate at Completion: A Complete Guide + Template

Rebel’s Guide to PM

Now we’ve approved the budget and the project has started, how much will it really cost? What has that done to the budget? Given that plenty of studies show cost overruns, some finding that 9 out of 10 projects go over budget (averaging 28% overspent), it’s not surprising that project sponsors want to keep a tight grip on costs.

Estimate 401
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Do We Need Risk Management in Agile Projects?

MPUG

In this article, we’re addressing a common question in modern project management: Do we need risk management in agile projects? We learn as we go and take small steps with defined budgets, resourcing, and time-boxes. Let’s expand that simple answer. Do agile projects have risks associated with them? Yes, of course, they do.

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Common Ground for a Conversation about Estimating

Herding Cats

Neil Killick posted a good question, what's the common ground for talking about estimates. All estimates have two attributes - accuracy and precision. The values of these two attributes are what those needing the estimates are after. That request comes from those asking for the estimate. 100M, 200M, 500M?

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Agile Transformation: ChatGPT or McBoston?

Scrum.org

This article is another excursion into this nascent yet fascinating new technology of generative AI and LLMs and the future of knowledge work. Shall I notify you about articles like this one? A rough estimation of the budget required. TL; DR: Agile Transformation with ChatGPT or McBoston?

ChatGPT 205
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Top Agile Ceremonies to Improve the Value of Your Sprints

Wrike

The Product Owner presents the product backlog, while the team estimates the amount of work that can be completed during the sprint. By having a regular cadence of meetings, the team can stay on track with the project goals and make necessary adjustments along the way. Let Wrike elevate your project performance today.

Agile 36
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Product Discovery Anti-Patterns Leading to Failure

Scrum.org

From sunk costs, HIPPO-ism, my-budget-my-features to self-fulfilling prophecies?— Shall I notify you about articles like this one? Apparently, there is a difference in the inspect & adapt cadence when product strategy and Sprint Backlog are compared to each other. I do believe that the Macintosh II made the iPhone possible. ‘My

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Quote of the Day

Herding Cats

Or plan on being late, over budget, and reduced probability of technical success, before you start. Related articles. Why Guessing is not Estimating and Estimating is not Guessing. Estimating Processes in Support of Economic Analysis. Herding Cats: Capabilities Release or Cadence Release. IT Risk Management.

Cadence 28