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#192: Estimation - Predictability vs Optimism

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Manage episode 451040008 series 3194006
Content provided by Red Folder Consultancy Ltd. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Red Folder Consultancy Ltd or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

This episode is part of a wider mini-series looking at Estimation in Software Development.

In the last episode, I talk about the short hand of a "valuable estimate" - an estimate that is desirable for the organisation asking for it.

While what constitutes "valuable" will differ from organisations to organisation, team to team, and maybe even piece of work to piece of work, I feel that it will mostly be related to acceptable level of accuracy and precision.

Accuracy is how close to the actual the estimate was - which realistically can only be assessed after the work - and precision is how broad a range is acceptable - which can be defined as part of providing the estimate - and if anything also indicates confidence in the estimate - a narrower range indicating a higher confidence, a wider range indicating a lower confidence.

In this episode I wanted to talk about how Predictability is part of this conversation

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Find this episodes show notes at: https://red-folder.com/podcasts/192

Have an idea for an episode topic, or want to see what is coming up: https://red-folder.com/podcasts/roadmap

  continue reading

206 episodes

Artwork
iconShare
 
Manage episode 451040008 series 3194006
Content provided by Red Folder Consultancy Ltd. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Red Folder Consultancy Ltd or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

This episode is part of a wider mini-series looking at Estimation in Software Development.

In the last episode, I talk about the short hand of a "valuable estimate" - an estimate that is desirable for the organisation asking for it.

While what constitutes "valuable" will differ from organisations to organisation, team to team, and maybe even piece of work to piece of work, I feel that it will mostly be related to acceptable level of accuracy and precision.

Accuracy is how close to the actual the estimate was - which realistically can only be assessed after the work - and precision is how broad a range is acceptable - which can be defined as part of providing the estimate - and if anything also indicates confidence in the estimate - a narrower range indicating a higher confidence, a wider range indicating a lower confidence.

In this episode I wanted to talk about how Predictability is part of this conversation

-----

Find this episodes show notes at: https://red-folder.com/podcasts/192

Have an idea for an episode topic, or want to see what is coming up: https://red-folder.com/podcasts/roadmap

  continue reading

206 episodes

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