Agile Estimation and Planning

Agile Estimation Techniques

Embrace Pragmatic Agile Project Management with Relative Estimation techniques for more ROI

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Last Updated: 2022-12-16 05:12:17 English Course Type: Self Learning

The students can learn Agile, Scrum, and Kanban Estimation effective tips and tricks alongwith Real-life examples to implement Agile more effectively in their daily life. If you watch this video, you will be well-versed in every step of the Agile product development lifecycle and can use Estimation Techniques in your DAILY life more effectively to produce more business outcome and to achieve more value benefits BEING Agile mindset.
The Video has been developed as a resource to understand, evaluate, and use agile and hybrid agile approaches. This practice guide provides guidance on when, where, and how to apply agile estimation approaches and provides practical tools for practitioners and organizations to increase agility.

Today “Agile” is an enthusiastic topic in many software development discussions. There are a lot of questions surrounding Agile, everyone is asking for it, and everyone is trying to be Agile. But at the same time, there lies a lot of misunderstanding and confusion regarding its practice, especially when it comes to Estimation.

Why is Agile Estimation required?

Agile Estimation plays a pivotal role in planning and managing the development of a product, and in the same way, when it answers the questions such as “How many features will be completed?”, “when it will be done?” and“How much will this cost?”. In order to answer these questions using scrum, we need to estimate the size of what we are building and measure the velocity rate at which we can get the work done. Having this information, we can derive the likely product development duration and the correspondence cost by dividing the estimated size of a set of features by the team’s velocity.

Let us see the Agile Estimation techniques in detail.

So, what is Estimation?

In software development, an “estimate” consists of a quantified evaluation of the effort necessary to carry out a given development task.

In this video, we will talk about what is Agile Project Estimation, how does Agile Project Estimation work, why it is important when it should be used, Key Points for Agile Estimation Approaches, Strategies, illustration of Estimation Techniques, interpretation of Use Case based Estimation, Function Point Estimation, Relative Estimation, Planning Poker, SLIM Estimation Tool, Monte Carlo Simulation, Estimation with Story Points, T-shirt sizes, Wideband Delphi etc. You will get a high-level view of Agile business value benefits, understand the core concepts involved, and learn how to implement Agile to life in your Agile projects so that your team can get the maximum benefit from this methodology.

Why do we need to Estimate?

- Be more competitive in the marketplace.

- Has a direct impact to the business.

- Direct impact to contract profitability.

- Build trust by delivering what we said, at the stated cost, within the stated timeframe.

- Improve team morale and productivity by working with realistic estimates.

- Set realistic expectations.

- Improve confidence with the clients (existing as well as prospective).

- Reduce troubled projects.

What is the outcome of an Agile estimation?

An estimate is the best guess for us to know what can be achieved and by when. Here are some of the best advantages by the agile estimation:

It helps to identify when a team can release better results
Estimate helps us to choose the best option.

This Video is for businesses that aspire to improve business agility, deliver fit-for-purpose products and services, delight customers, and provide the security of long-term survival associated with mature businesses that consistently meet or exceed customer expectations.

Being Agile mindset rather than doing Agile is the key to using Agile in your DAILY life more effectively to produce more business outcomes and to achieve more value benefits BEING Agile mindset. This video is very useful for both working and non-working professionals (including Parents and Students) across all Industries.

Conclusion

There are many techniques that the teams use globally to estimate their work, here we have discussed the top five but there is no consensus over which method is best. Each method has its own advantages and has been customized as per the team’s functioning pattern. Like there is no common medicine that applies to all ailments, in the same way, there is no single method that applies to all for estimating. A facilitator has to understand that estimation takes time to sink in with the teams and it should not be forced upon them. Go for the one which best suits your team’s needs and at the same time, can provide optimum results.

Happy Estimating!

Desire to learn Agile Scrum.
No previous Scrum knowledge or experience required.

Beginners who want to learn Agile Scrum
IT professionals interested in becoming a scrum master, and want to pursue this path
Experienced Scrum Masters who are looking to refresh and expand their knowledge
Project managers, or Developers looking to move into an agile workforce and increase their marketability
Agile and Scrum Coaches, Scrum Master, Product Owners, Product Managers, Project Manager, Managers, Directors, Developers, Architects
IT professionals looking to pass scrum master certifications
Anyone looking to get a job as Scrum Master, or Product Owner
Team members
Both working and non-working professionals across all Industries
Parents, Students and project managers as well as for

Section 1 : Agile Estimation Techniques 16 Lectures 00:01:36
Lecture 1 :
Estimation Types Preview
Lecture 2 :
Why do we need to Estimate
Lecture 3 :
Estimation Strategies
Lecture 4 :
Estimation Approaches
Lecture 5 :
Estimation Techniques
Lecture 6 :
Use Case based Estimation
Lecture 7 :
Function Point Estimation
Lecture 8 :
Relative Estimation
Lecture 9 :
Planning Poker
Lecture 10 :
Key Points for Agile Estimation
Lecture 11 :
SLIM Estimation Tool
Lecture 12 :
How accurate is the estimate
Lecture 13 :
Monte Carlo Simulation
Lecture 14 :
Final Words
Lecture 15 :
Agile Project Estimation
Lecture 16 :
Introduction

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Sudipta Malakar,

2922 Course Views

4 Courses

Sudipta Malakar is an accomplished SAP practice area head, Associate Director, Certified IT Sr. program manager, Enterprise Agile coach - Advanced level, Harvard Business School, USA, alumnus, patent holder, and an International bestselling author & speaker with more than 20 years of experience in directing SAP & NON SAP DEV teams in supporting many major Global fortune 500 clients in multiple large accounts. He is a certified sr. program manager (MSP practitioner), a sr. project manager (PRINCE2 Practitioner), PMP, PARP, CSP, KCP, ITIL(F), a certified Agile Leader(CDL), CLMM, CMM, and an advanced certified Scrum Master (A-CSM), CSPO, CSM, KMP2, KMP1, ICP-ACC, TKP, ISO 9001 Lead Auditor, Lean Six Sigma Master Black Belt, CMMi (Expert). He worked in various IT companies like Capgemini, DXC Technology, IBM, Wipro, Satyam, Tech Mahindra, Patni, and Syntel, and he played a crucial sr. management/Agile coach role for various global clients like Valmet, Sterlite, Bajaj, Lufthansa, Nestle, PMI, Suncor, IPA, Canadian Pacific railways, Sony, Volvo, Allstate, and BOC Linde. His hobbies include writing books, blogs and watching movies.