ProjectManager.com

JUNE 15, 2022

Software development estimation is an essential part of many projects. Despite its importance, software development estimation is often overlooked. Maybe that’s because it’s difficult to estimate properly. Let’s explore how software development estimation works and its techniques and tools. Learn more.

Software Developers 313

Software Developers Software Development Estimate Software Review 313

Rebel’s Guide to PM

NOVEMBER 8, 2021

Frankly it’s too hot, but it has made me realize one thing: I am no good at estimating. In fact, I’ve always known that I’m not good at estimating. The only thing I can estimate is time. In this article I’ll share estimating techniques for schedules and budgets: the kind of things we need to know to get projects done.

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Estimate Budget Software Review PMO 384

Scrum.org

NOVEMBER 14, 2023

Estimating what can be delivered in a single Sprint is a question that stumps many Scrum teams. We start with a simple premise: the Scrum Guide, a compass for many, surprisingly, doesn't mention 'estimates' but talks about 'size'. We encounter the unpredictability of creative work and the folly in trying to estimate such endeavours.

SCRUM 153

SCRUM Estimate Planning Agile 153

Kiron Bondale

APRIL 3, 2022

If you ever find yourself wanting to inject some energy into a cross-functional gathering of delivery staff and stakeholders, ask for their opinion on estimates. Relative sizing – this covered such techniques as story pointing, T-shirt sizing, affinity estimating and others.

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Estimate PMI Agile Governance 345

LiquidPlanner

NOVEMBER 1, 2018

How do you deal with a team that refuses to estimate how long tasks will take? Estimating can be done in several solid ways, and frankly, it sounds as if your colleagues don’t know how to estimate properly or are scared to give you the timescales that pop into their heads. It is difficult to estimate when the task is too big.

Estimate 602

Estimate Risk Management Budget Risk 602

Scrum.org

OCTOBER 15, 2023

The purpose of estimation in Scrum is to size higher ordered Product Backlog items so they can be completed within a single Sprint. The primary objective of estimation in Scrum is to size these items so they are small enough to be completed within a Sprint. (See We should never confuse estimation as an end in itself.

SCRUM 187

SCRUM Estimate 2024 Agile 187

ProjectManager.com

APRIL 27, 2021

It requires a construction estimate to ensure the most accurate findings. Create accurate estimates and keep your project under budget with ProjectManager.com’s Gantt charts. What Is a Construction Estimate? A construction estimate is used to forecast how much it will cost to build the structure in your project plan.

Estimate 393

Estimate Construction Budget Planning 393

ProjectManager.com

AUGUST 21, 2019

Good cost estimation is essential for keeping a project under budget. Many costs can appear over the life cycle of a project, and an accurate estimation method can be the difference between a successful plan and a failed one. Estimation, however, is easier said than done. An Overview of Cost Estimation.

Estimate 316

Estimate Project Cost Risk Management Budget 316

ProjectManager.com

JUNE 24, 2021

One of these formulas solves for Estimate at Completion — an important metric for monitoring a project budget. Keep reading to learn why to always calculate Estimate at Completion and exactly what this formula can do. What is Estimate at Completion (EAC)? Create more accurate cost estimates with powerful management software.

Estimate 266

Estimate Budget Project Cost Planning 266

Project Risk Coach

MAY 3, 2021

Do you ever feel like the Lone Ranger when working on cost estimates? Let's explore how to engage your team members and subject matter experts to improve your cost estimates. So, let's look at three techniques to use with your teams: Brainstorming Delphi Technique Nominal Group Technique 3 Team Techniques to Improve Cost Estimates 1.

Estimate 370

Estimate Budget Risk Management Software 370

Rebel’s Guide to PM

JUNE 17, 2021

What is parametric estimation? Parametric estimating is a top-down form of project estimation that works for time, resource and cost estimates. It uses parameters (characteristics) to create estimates based on what you already know, so in that respect it’s useful for a project manager because it’s reliable.

Estimate 363

Estimate Project Cost Consulting Software Review 363

Rebel’s Guide to PM

MARCH 14, 2021

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.

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Estimate PMO PMI Budget 454

ProjectManager.com

JULY 21, 2021

What Is Effort Estimation? In order to know a task’s LOE, you must practice something called effort estimation. Effort estimation is the process through which we approximate how much time, energy or money deliverables will demand so that we can rank this on a scale. Related: Free Project Estimate Template for Excel.

Estimate 411

Estimate Planning Energy Budget 411

Online PM Courses

JULY 25, 2022

Why is Project Estimation a big deal? It's very hard to do well & poor estimates are often a major reason for cost or schedule over-runs. The post Project Estimating Skills: How to Master Successful Project Estimation appeared first on OnlinePMCourses.

Estimate 159

Estimate PMI Agile Planning 159

ProjectManager.com

MAY 3, 2022

Construction estimating is one of the most important parts of landing a construction project. That’s why you need construction estimating software to make your forecast as accurate as possible. Making the decision to get construction estimating software is the easy part. What Is Construction Estimating?

Estimate 207

Estimate Software Review Construction Software 207

Musings on Project Management

AUGUST 1, 2023

You're asked to estimate your work, and really: you just don't know.It comes up a lot in the AGILE space, where many hold that "estimate" and "agile" don't belong in the same sentence, let alone the same project. It's not unusual. We're supposed to accept "emergence" at whatever cost. That doesn't bode well in the enterprise context.

Estimate 150

Estimate Agile 150

Scrum.org

APRIL 19, 2023

Here are some tips on how Scrum Masters can balance team psychology safety with management pressure on estimation: Build trust with the team Building trust is essential to team psychology safety. Emphasise the importance of allowing for uncertainty and adjustment during the Sprint instead of demanding precise estimates upfront.

Estimate 195

Estimate Agile SCRUM Consulting 195

Green Project Management

JANUARY 15, 2018

The post Sustainable Estimating appeared first on Delivering a better world, one project at a time. We tend to focus instead on measures of central tendency, and as a result we make some terrible mistakes, often with considerable practical import. Stephen Jay Gould, naturalist, […].

Estimate 454

Estimate Sustainability 454

ProjectManager.com

SEPTEMBER 26, 2019

The best a project manager can do is develop an accurate time estimate for how long it will take to satisfactorily complete the project. Time Estimation Matters. Looking into the future to determine how much time it will take complete project tasks allows for an estimation. They run from simple to the complex.

Estimate 308

Estimate Underperforming Technical Team PMI Software Review 308

Project Risk Coach

JUNE 22, 2020

Poor estimates are often a major factor in these projects. So, let's look at 7 ways to improve project estimates. Define the project work One of the top reasons for poor estimates is poor project definition. Ask the experts to estimate the work It's a mistake for project managers to estimate the work.

Estimate 195

Estimate Underperforming Technical Team Risk Management Defining 195

Kiron Bondale

OCTOBER 24, 2021

Estimates are guesses. I had also received similar estimates from two different technicians and both seemed very experienced. Remember the upper end of the original estimate range was an hour and a half. Given this, my expectations were set that I would make it home by noon to enjoy lunch at my usual time.

Estimate 194

Estimate Leadership Risk Process 194

Scrum.org

SEPTEMBER 20, 2021

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. Estimating Leading to Micro-Management; the Legacy of Taylorism.

Estimate 206

Estimate SCRUM Agile Risk Management 206

Scrum.org

APRIL 12, 2022

To get to an answer that provides meaningful information, your Scrum Team first needs to decide how to estimate. As the Product Owner, you need to take the data from the estimated Product Backlog items (PBIs) and choose how to forecast a delivery date. Three Ways to Estimate. Exact Estimation. It’s just how it sounds.

SCRUM 219

SCRUM Estimate Agile Closing 219

LiquidPlanner

JANUARY 4, 2023

I my first 15 years, I used single-point estimation to build project schedules. The next ten years I used ranged estimations with traditional Gantt chart project scheduling software tools – this was better but cumbersome. Ranged estimation has been around since the introduction of PERT and the three-point estimation method.

Estimate 156

Estimate Risk Management Risk Software Review 156

Online PM Courses

MAY 24, 2023

And it is starting to be used in project estimating, scheduling, and planning. The post How to Use Machine Learning in Project Estimating, Scheduling, & Planning appeared first on OnlinePMCourses. Machine learning is one form of Artificial Intelligence.

Artificial Inteligence 154

Artificial Inteligence Estimate Planning Software 154

LiquidPlanner

JANUARY 12, 2023

The traditional method for estimating project work using single-point (or fixed) estimates has a few drawbacks: It’s hard to provide a single accurate estimate, especially for something new. People tend to provide estimates that are too optimistic because they don’t want to let you down. Tired of it?

Estimate 147

Estimate Monitoring Engineering Planning 147

Scrum.org

JANUARY 12, 2023

Scrum Guide 2020 replaced the word "estimation" with "sizing" to include different practices teams use to plan their work. Estimation can mean different things, such as story points or time-based estimates, which can limit and create the illusion that story points are an essential part of Scrum.

SCRUM 176

SCRUM Estimate 2020 Planning 176

Teamweek

OCTOBER 26, 2023

Analogous estimating is a popular estimation technique used by project managers across industries. This technique looks at previous similar projects to create project estimates. What is analogous estimating? You can estimate project parameters such as scope, cost, budget, and project duration using analogous estimating.

Estimate 52

Estimate Budget Project Cost Planning 52

Project Risk Coach

JUNE 11, 2018

Let's talk about the challenges of schedule estimates and three estimating techniques that can help us do a better job with our estimates. Lastly, we'll look at how to respond to future requests for estimates. Challenges With Schedule Estimates. During and after each project, compare your actuals to your estimates.

Estimate 208

Estimate Risk Management Initiating Executing 208

Online PM Courses

MAY 9, 2022

One of the hardest tasks for Project Managers is Project Estimation: predicting the future, despite the uncertainty. The post Make Your Project Estimation More Reliable, Using the PERT Method appeared first on OnlinePMCourses. Meet the PERT method.

Estimate 154

Estimate Budget Planning 154

Online PM Courses

DECEMBER 14, 2022

Often, most important measure in Earned Value Management (EVM) is the Estimate at Completion (EAC). So, what is the Estimate at Completion? The post What is Estimate at Completion – EAC? Video appeared first on OnlinePMCourses.

Estimate 147

Estimate Project Cost 147

Teamweek

NOVEMBER 3, 2023

Top-down estimating is a form of estimation where existing knowledge of similar projects is used in the estimation process to produce a ballpark figure for the total cost. Like other methods to estimate a new project’s cost , top-down estimation has advantages and disadvantages. What is top-down estimating?

Estimate 52

Estimate Budget Risk Management Project Cost 52

Musings on Project Management

JANUARY 29, 2016

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.

Estimate 218

Estimate Agile 218

Leading Answers

AUGUST 25, 2020

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. It sounds lazy and avoiding the hard work of having to estimate.

Estimate 131

Estimate Agile Underperforming Technical Team Software Review 131

WorkOtter

FEBRUARY 28, 2023

Resource estimation is an integral part of project management that often gets overlooked. Here’s your guide to resource estimation in project management and other factors, such as resource costs. What Is Resource Estimation in Project Management? Do we have staff members who know how to estimate resources for a project?

Estimate 78

Estimate Risk Management Software Review SCRUM 78

Teamweek

OCTOBER 26, 2023

When it comes to successful project estimating and planning, there’s no room for guesswork. Bottom-up estimating can help you create accurate estimates that set your projects on the right track to success. This comprehensive guide provides all the info you need to get started with bottom-up estimating.

Estimate 52

Estimate Software Review Web Development Project Cost 52

Growing Agile

MAY 12, 2022

Anyone who knows me knows I’m not a fan of estimation. Instead of that we should be listing what features we want in a backlog that is not estimated. These tasks can probably be estimated in some way to help the team know how much to pull in for that given iteration. That can come later. appeared first on Growing Agile.

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Estimate Agile Engineering Risk Management 114