#202: Estimation - Quantitative approaches

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Better ROI from Software Development

Red Folder Consultancy Ltd

206 episodes

1 day ago

Providing advice on how to get the best Return On Investment from your Software Development. Hosted by Mark Taylor of Red Folder Consultancy, this series is targeted at those that fund software development in improving their return on investment. Through a series of short weekly podcasts, Mark explores and explains why "traditional" management techniques will not only produce poor returns, but actively encourage it. Find out more about Red Folder Consultancy at https://red-folder.com. Or reach out to Mark on Twitter @redfoldermark

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#202: Estimation - Quantitative approaches

Better ROI from Software Development

14 minutes

9 months ago

#202: Estimation - Quantitative approaches

This episode is part of a wider mini-series looking at Estimation in Software Development.

In the last couple of episodes, I've looked at a number of methods that fall under the Qualitative approach to software estimation.

Qualitative estimation is predominantly based on expert judgment, some think based on subjective thought process.

In this week's episode, I want to move on to discuss some Quantitative estimation approaches.

While Qualitative estimation is predominantly based on expert judgement, Quantitative is based on something we can count or calculate, a use of statistical analysis based on historical data.

In this episode, I specifically want to discuss two quantitative techniques - Monte Carlo simulations and Statistical PERT (or SPERT for short).

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Find this episodes show notes at: https://red-folder.com/podcasts/202

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