Humans stink at planning through uncertainty, but that doesn’t stop executives, their managers, and financial departments from expecting and acting on estimates fraught with more uncertainty than confidence. Despite this, most project teams go through the ceremonial and demoralizing “estimation” process knowing their estimates are worthless at best, and dangerous at worst. In fact, estimates are so untrusted by everyone that executives, managers, and financial hawks routinely dismiss them, make arbitrary changes and hold the estimates (and those who create them) with utmost disdain.
What can be done about this?
How about forecasting instead of estimating?
What’s the difference?
Get answers on March 3, 2014, at the Lean & Agile Forecasting training with Troy Magennis in Vienna, AT.
Details and registration: www.leanability.com/2013-03-forecasting