Estimation

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Dima and Slava discuss the complexities of estimation in business contexts and the challenges of striking the balance between ambition and realism.

• Estimation, forecasting, and projecting
• Desired level of confidence for the estimate makes a difference
• Short-term vs long-term estimation
• 50/50 goals
• Benchmarking is helpful when you do something novel
• Working backwards can help in planning projects
• Is your thing really a special snowflake?
• Illusion of precision, or precision bias
• Realistic estimated vs ambitious goals

Estimation and benchmarking was also discussed in Biweeklycast #36 How Big Things Get Done.