Practical Estimations

COURSE DURATION

2 Days

CLASS DESCRIPTION

Estimating is often a challenging competence within projects developing complex systems. Often this is caused by the application of inappropriate estimation methodologies, leading to severe consequences such as projects running out of budget prior to their planned completion.

This course establishes a profound fundament through the various phases and why different viewpoints on the numbers are necessary. Learn the different techniques and how to apply each within the lifecycle phase. Learn who to involve and when, how risk management comes into play and the importance of documenting the right assets at the right point of time.

In addition, the various psychological aspects involved with estimating are covered during the course.

LEARNING OUTCOMES

• Fundamental understanding about estimations. Purpose, Motivation, error sources.
• Understand the psychological challenges of Estimation.
• Fundamental understanding of stakeholders involved.
• Know what to expect from different estimators.
• Understand different estimation phases.
• Know major estimation techniques and their application.
• Understand the Estimation recipe – what belongs into an estimation and what to document.
• Apply Risk and Assumptions Management to Estimations.

WHO SHOULD ATTEND?

• Engineers
• Team Leads
• Project Managers
• Engineering Leaders
• Integration, Verification & Validation Engineers
• Product Owners