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Ask HN: How do you do estimates in 2021?

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Re: Ask HN: How do you do estimates in 2021?

#101
post #84
post #36

Earlier quoted context omitted.

As a dev who has quite some freedom managing himself, I learned to multiply my own estimates by about 2-2.5. If I had a bad case of managers, I would probably multiply by four.

There's a paper that gives an exact number: 1.7x. This is the average time it goes over estimates, for code and writing tasks. The other numbers seem better, but you should not go below 1.7.

electrical engineer + IT dev now here - literally every project I've taken part was 3x the estimate.

Re: Ask HN: How do you do estimates in 2021?

#102
post #12

I use a statistical model, where each task gets a "best case" and "worst case" estimate; those estimates are used to create a log normal distribution, and the project is simulated as the sum of those distributions plus sick days, social loafing, etc. I use that method for all my consulting estimates, and it has been very reliable for me; no crunch time, and I often come in under time. I've also made a tool that does…

This looks wonderful, thank you! I think statistical estimation of large projects is an overlooked area.
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