3 ms·
I can't talk about proposals, but for estimation, I recently started using three-point estimation method which I highly recommend: https://en.wikipedia.org/wiki
by wintorez 8y ago
I can't talk about proposals, but for estimation, I recently started using three-point estimation method which I highly recommend: https://en.wikipedia.org/wiki/Three-point_estimation https://en.wikipedia.org/wiki/Three-point_estimation
- PawelDecowski 8y agoDo you use a tool that supports this methodology or do you calculate it manually?
- LifeQuestioner 8y agoAlthough, I guess if you hit the 'worst case' scenario, you look stupid?
- xn 8y agoIf you use a confidence-interval estimates, you can choose how wide to make the confidence interval. I use 80% confidence intervals because that's what supported by the project management tool I use. 10% of the time, the project should take more than the high estimate (and 10%, less than the low estimate). If you use a 99.9% confidence interval and miss the high estimate, then you're probably over-confident. (And your estimate was probably too wide to be meaningful.)