Remove Estimate Remove Information Technology Remove Software Engineering
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4 Easy Ways To Improve Information Technology and Engineering Team Efficiency

Wrike

In today’s fast-paced business environment, the importance of efficient information technology (IT) and engineering teams can’t be overstated. Use project management software to estimate project timelines and identify potential bottlenecks.

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Estimating Accuracy Mathematics

Herding Cats

In the estimating business, like many things in project management, there is confusion about principles, practices, and processes. A good estimation approach should provide estimates that are within 25% of the actual results, 75% of the time. Software Engineering Metrics and Models. Dunsmore and V.Y.

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Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

What happens if you shift focus from "accurate estimation" to "reliably shipping by a date"? . If your project has no uncertainty, there is no need to estimate. All estimates have precision and accuracy. Deciding how much precision and accuracy is needed for a credible estimate is critical to the success of that decision.

2003 46
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Biases in Project Management and How to Remove Them

Herding Cats

There is always lots of complaining about the biases introduced into managing projects and making the estimates needed to make project decisions. What are the measures of physical percent complete needed to inform the decision makers of progress to plan in order to take corrective or preventive actions to stay on plan?

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Real Options and Decision Making for ICT Projects

Herding Cats

Estimation locks down choices early through upfront t decision making, #NoEstimates preserves options. This is the same paradigm of Agile software development where responding to change over following the plan is part of the original manifesto. Aligning Software Investment Decisions with the Markets ," Hakan Erdogmus. "

2008 32
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DDSTOP The Saga Continues

Herding Cats

40 - Estimation is a Problematic Practice of Companies Doing Dangerous Things. A #Noestimates advocate makes the claim that having a ±10% accuracy for estimates of cost and duration is a dangerous thing. Define the probabilistic ranges of the work in a single point estimate manner. There are databases for Function Points .

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A Wrap Up of the #NoEstimating Conjecture Analysis to Date

Herding Cats

The conjecture that we can make decisions in the presence of uncertainty without estimating the impacts of those decisions is without any principles that can be tested beyond personal anecdotes of I know people who spend other peoples money without providing estimates. We need to learn how to predict with credible methods.