3 ms·
>> A lot of this stems from the accepted norm that an estimate is a single value. If we want to estimate accurately, it is necessary to break work down into sm
by osigurdson 4y ago
>> A lot of this stems from the accepted norm that an estimate is a single value.
If we want to estimate accurately, it is necessary to break work down into smaller pieces. However, we can only estimate the items that we can identify at the time of estimation (I.e., we know that we need to do A,B and C but discover that D,E and F are needed as well).
The other factor is combinatorial explosion: we'll do A,B or C and this impacts what we do next. This graph can become enormous when attempting to construct up-front.
I agree that having a probability distribution for each estimate is better than a single value. If you have two values, this is a uniform distribution. It is also possible to do a normal distribution, triangular, truncated normal, etc. However, it isn't clear to me that increased sophistication leads to better outcomes.
- kimburgess 4y agoCompletely agree. The overcorrection applies in both directions. The two value (estimate and confidence) is just a simple approach that is rather intuitive to interpret directly. As you note, diving into 3 point estimates gives to ability to extract beta distribution or other weightings that may or may not be suitable for the given domain. Complete top down planning for any work that involves discovery is useless, at best. That doesn't mean no planning is better. (Source: have experienced and been actively involved in both sides of that overcorrection.)