Tag: estimation

ARV Calculation Case Study

I’m trying to estimate the after repair value (ARV) of a home I own in Alexandria, VA. This article show initial steps in doing that. My basic approach to ARV estimation is to comp the target house plan. While I’m

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Why It’s Important to Capture Hours Worked, Even on Salary

This article quickly notes a few reasons why you, as an employee or an employer, will want the full hours of work recorded on any project, even for salaried employees. Some firms have a practice of limiting the hours recorded

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Why Use Points for Estimation?

I’ve often been asked to map points to hours as part of an estimation process. This kind of works and kind of doesn’t. I’ll give my rule of thumb at the end, but first I want to defend the use

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Agile Estimation: To Repoint or Not to Repoint?

There is a minority practice in Agile Scrum sometimes called Repointing. This article describes the practice, compares it to the usual practice, and concludes by recommending that teams do not engage in Repointing. The usual Agile estimation procedure for an

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Applied Unknowns Analysis

One of the major Austrian critiques of certain kinds of analysis focuses on uncertainty. You can make a forecast based on certain data, but something unexpected might come along and muck everything up. In the past I have described ways

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Skills in Overcoming Uncertainty

This article outlines some skills in overcoming uncertainty. It’s heavily biased toward software engineering. I also talk about environmental variables which help overcome uncertainty and risk in software development. Tldr: Skills include the ability to research, the ability to trial

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Rational Estimation and Price Under Uncertainty

This article talks about ways to deal with uncertainty, and I will also briefly define the concept in contrast with simple risk. Definitions: Uncertainty vs Risk Rational Estimation without Uncertainty Rational Estimation with Uncertainty 1 – Definitions: Uncertainty vs Risk

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