3 ms·
Meh. The time it takes to complete a project is usually somewhat flexible. What really matters is how valuable the project is. That is what needs to be estimate
by kqr 4y ago
Meh. The time it takes to complete a project is usually somewhat flexible. What really matters is how valuable the project is. That is what needs to be estimated explicitly, and not just "I really like these two ideas lets do the cheaper one".
- emodendroket 4y agoHow can you estimate "value" without any idea what resources are needed or what else you will have to forgo to pursue the project?
- kqr 4y agoValue meaning roughly revenue, not profit.
- emodendroket 4y agoBut estimating revenue is just as much of a shot in the dark as estimating effort, and if the effort is great enough it will cancel out the revenue.
- kqr 4y agoThe variation in effort is orders of magnitude smaller than that in value. Great value is very rarely canceled out by high effort and low value almost always cancel out low effort.
- emodendroket 4y agoIf revenue from a venture were so predictable you wouldn’t see the Funko Pop company destroying tons of inventory but you do.