Project Estimating Driving Demand Management
Regardless of your current approach to delivery (Waterfall/Agile/SAFe etc) getting to better estimates will improve team velocity, set realistic expectations for Stakeholder-Product Owners that allow for improved capacity planning.
From experience, we know that projects are sometimes compromised from the beginning, especially during the initiation/estimation process as a result of:
- Stakeholders having inflated optimism with respect to their end result.
- Project scope may be unclear to those costing the work.
- Lack of subject matter expertise resulting in misleading costs.
- Unrealistic target completion dates.
How are we to change?
Let’s consider estimating at the feature-level (more on Feature definition in a future post) and determine team requirements (roles, skills, etc) that will drive the costs. Develop ranking rules to evaluate features that best meet your Stakeholder-Product Owner’s needs and get to work.