276: Effective Strategies for Accurate Project Estimation in Agile Development

Don't Underestimate

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Current Work: Effective Strategies for Accurate Project Estimation in Agile Development

Instead of estimating, starting with a budget for operational costs and time for a significant work project is recommended. This budget can serve as a design constraint for the delivery team, such as scalability or performance. Instead of asking, "How long will it take?" it's better to ask, "When do you need this?" and "How much can you afford to pay for it?" This way, the delivery team can create a solution that fits these constraints. Most businesses need help to develop an accurate financial estimate of the value of a project. So, it's better to ask about extremes, such as "What is the least amount of money this project needs to earn to make a reasonable impact? How much would make everyone say that this was worth it?"

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