“Having allocated developers to the project and ensuring that they knew what needed to be accomplished, I was feeling very good about the project. After all, we had commitments from the team. Over the next few days, however, I […]
Estimation is one of the most important components of project management. In my opinion it is second only to the creation of a work breakdown structure (WBS). Project schedule and costs are directly impacted by accuracy of the estimation. Whenever I bring up the subject of estimation as a topic of discussion, invariably someone will mention: “We typically end up underestimating the amount of time needed to complete tasks – especially unfamiliar tasks.” The one common theme that resonated was that everyone was reasonably confident that the tasks would be finished on time. After all, they did add safety to tasks to account for variation. So if we had safety protecting the tasks, why then do we not finish projects on time? Before we look at answering this question, let’s briefly look at the principle behind Theory of Constraints.
It was a perfect spring evening. Dinner was over, dishes done and the daughter tucked in for the night. A conversation with the wife ensues. Then the phone rings. Turns out the caller had the very answer we needed to […]