This document discusses estimation and project planning. It states that estimation is important for making good decisions and is essential for a project's success. It notes that getting better at estimation requires practice and presenting estimates effectively and convincingly to stakeholders. The document provides tips for estimation such as designing an estimation procedure, applying specific techniques, keeping prior project estimations in mind, and keeping plans practical.

1. ESTIMATION & PROJECT PLANNING
Resource:
http://www.spc.ca/dc_estimation_planning.htm

2.  Estimation will provide a solid foundation for making
a good decision, when done correctly.
 Some may say that estimation is the most important
part of developing a product or just a feature.
 A good estimation requires a good knowledge of
the project.
 A good project planning is essential for the success
of any project

3. ESTIMATION CHALLENGES
Within estimation one will be required to:
 Forecast productivity and quality
 Control costs, meet delivery dates
 Instill trust with management and peer-groups

4. GETTING BETTER AT ESTIMATION
 One will get better at estimation only with practice
 Estimation is critical and requires time
 Present estimations to stakeholders effectively and
convincing
 One will learn continuous how to become better at
estimations
 A good estimation will bring satisfied customers

5. TOP TIPS FOR ESTIMATION
 Design an estimation procedure to fit the project
 Integrate estimation into the overall development
process
 Apply specific estimation techniques
 Keep in mind the estimation for the last project
when a new project is estimated
 Match the current project planning with the
available budget
 Keep the planning practical

6. ESTIMATION INSIGHTS
 A fuzzy estimation will probably lead to a failed
project
 Decisions on spending resources and money need
good estimates
 Accurate estimates help deliver software your
business needs