Critical Elements for Effective Estimation
There is no denying that estimation on projects is hard. From the lack of credible initial information on which to base an estimate, to the volatility of scope throughout and the difficulty associated with maintaining good historical information, estimation is a minefield for any project. Layer on top of all that the targets you are trying to achieve, and estimation gets even nastier, yet it remains one of the most important precursors for success.
This presentation provides the critical elements of both a reasonable estimate as well as an effective approach for incorporating these estimates into your project. Common pitfalls are identified, and specific improvements you can make to your existing approach give you the opportunity to increase your likelihood for success immediately.