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Critical Estimation Concepts Chapter3

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Software Costing and Estimation Critical Estimation Concepts Chapter 3: Value of Accurate Estimates Mohammad Ayub Latif Head ISG and Asst. Prof. CS
Is it better to overestimate or underestimate ,[object Object]
Arguments against over estimation ,[object Object],[object Object],[object Object]
What Managers do
Arguments against underestimation ,[object Object],[object Object],[object Object],[object Object],[object Object]
Weighing the Arguments Tip Don’t intentionally underestimate; the penalty of underestimation is more severe than overestimation. Address concerns about overestimation through planning and control, not by biasing your estimates
Software Industry track record ,[object Object],[object Object],[object Object],[object Object]
Software Industry track record
Software Industry track record by Caper Jones
One Company’s Experience
Benefits of accurate estimates ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Value of predictability compared with other desirable project outcomes ,[object Object],[object Object],[object Object],[object Object],[object Object]
Value of predictability
Value of predictability Tip: Many businesses value predictability more than development time, cost or flexibility. Be sure you understand what your business values the most.

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Critical Estimation Concepts Chapter3