Saturday, April 12, 2008

Estimation - A near correct approach

Isnt it any company dream to have a correct estimate, correct price with normal profit and earn it upon delivery ?

Well, after much experience with simulation training models, we have intrepreted our experience to address this common problem. Infact the delivery team this time felt that overruns, over time and over work is killing their creativity. Hence came up with near to accurate tracking times and days required for their work.

Having emperical data is always a master stroke. Here it is a doubly sharp as data is accurate enough to be tracked and reported immediately with as many minor tasks that can be reasonably captured. The estimation technique has been refined with various baselines across multiple projects, that now our estimation technique of any simulation exercise is
= number of clicks determined*$ value for efforts.

Number of clicks is a very obvious number to measure during proposal stage. The value size is so granular that the % of assumption error will hardly be 5-10%. While traditional estimation models with the same error margin result in 15-20% normal variances, in this case, you can cover the variances in the cost, which is fraction less than normal costing models.

Our experience which is being field tested is hoped to confirm our postive thinking of acheiving 20% lesser cost and 15% less schedule time for delivery.

You wonder about the compromises made in the solution - Very minor which has not been enabled for want of time to deliver projects and not because of any technical limitation. However as my boss said today - you better revise your ID strategy for better communicating instructions than making them look machine instructed sounds.

Thanks to timely boss reminder that we are taking course correction to the ground principles that any e-Learning is not about technology but enable better visibility to Instruction principles through proper application of technical solutions.

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