2 ms·

How 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 ago
  Value meaning roughly revenue, not profit.
  • emodendroket 4y ago
    But 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 ago
      The 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 ago
        If revenue from a venture were so predictable you wouldn’t see the Funko Pop company destroying tons of inventory but you do.