Estimation for the Savvy Project Manager

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Summary:

In this paper we will explore the significance of the initial project estimate to the project and suggests ways to approach developing this critical estimate.

The most critical estimate in the life of a project is the first estimate, occurring typically at project planning or initiation phase. Not a great deal of attention appears to have been paid to this first estimate and the issues around it. In part this could be due to the gulf that exists between the promise of software project estimation and its application in practice.

A great deal of what passes today for project estimation is in fact little more than wishful thinking on the part of the participants. It's neither scientific or particularly substantial.

In this paper we will explore the significance of the initial project estimate to the project and suggests ways to approach developing this critical estimate.

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