Project estimation can even make the best project management experts pull their hair out. The challenge with Project estimation in software development, unlike other industries, is that it’s often done with partial data and sometimes with incorrect data, too. Several techniques have been introduced over the years to make the process systemic and not a gut-based guesstimate. However, lapses still occur and this is still one of the toughest to-dos for a project manager.
In a blog series on Project estimation, this is the first part in which we will look at some common challenges associated with Project estimation.
In conclusion, it’s important to recognise that project estimation is not a frozen piece of work. As the name says, it’s just ‘estimation’, the actual effort is certain to vary. So, after a few weeks of coding, get a sense of your team capacity and factor that in. Of course, frequent revisions are not a good sign, but if your schedule is rigid since the beginning, you are not reading into the project well.
Watch out this space for the next parts in this series where we discuss more specifically about the tools and techniques used in estimation.
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