article thumbnail

Estimate at Completion: A Complete Guide + Template

Rebel’s Guide to PM

In this article, I’ll explain what Estimate at Completion is for project managers, how to use it (because there are 4 different ways) and give you examples. Estimate at completion (EAC) in project management tells you how much the project will cost when the work is finished. What is the formula for estimate at completion?

Estimate 409
article thumbnail

Capabilities Release or Cadence Release

Herding Cats

Agile developers like to toss that phrase around as an alternative to having a plan for the delivered value we'll replace planning and estimating with early and often delivery. There is NO means of making credible decisions in the presence of uncertainty without first estimating the outcome of that decision. Related articles.

Cadence 29
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

13 Reasons to Choose Agile Project Management Methods

LiquidPlanner

Robust agile estimation methods can improve quality by 250%. That’s largely down to consistent use of user stories, story points and breaking down stories into tasks with hour-based estimates. The work to estimate effectively requires teams to know a lot about what the task actually is.

Agile 174
article thumbnail

Influencing the eternal optimism of a delivery team

Kiron Bondale

For those teams which use an iteration-based cadence for their delivery such as those who have implemented the Scrum framework there have multiple feedback loops to help them improve. Teams which don’t use feedback loops with their products and their processes should not consider themselves to be very agile.

article thumbnail

Map Your Route to Mastering Agile Fluency

Scrum.org

And then, based on the company strategy and portfolio management decisions, an estimated number of teams to be funded, created and focused to work in that value area with that leader. In this scenario, of course, there can't any other backlogs for teams, no team-level backlogs of any kind.

Agile 213
article thumbnail

Unpacking Agile Transformation: The System of Delivery

Leading Agile

Think about things like how we write user stories, how we estimate work, how we run planning cadences, how we deal with technical concerns, and how we measure done. We might go far enough up the organization and address how we handle strategy articulation, budgets, product funding, and compliance.

Cadence 75
article thumbnail

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?