Performance Domain Method - Estimating Methods Flashcards
Affinity grouping
Estimating Methods - involves classifying items into similar categories or collections on the basis of their likeness. Common affinity groupings include T-shirt sizing and Fibonacci numbers.
PLANNING
Analogous estimating
Estimating Methods - assesses the duration or cost of an activity
or a project using historical data from a similar activity or project.
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Function point
Estimating Methods - is an estimate of the amount of business functionality in an information system. Function points are used to calculate a functional size measurement
(FSM) of a software system.
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Multipoint estimating
Estimating Methods - Multipoint estimating assesses cost or duration by applying an average or weighted average of optimistic, pessimistic, and most likely estimates when there is uncertainty with the individual activity estimates.
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Parametric estimating
Estimating Methods - uses an algorithm to calculate cost or
duration based on historical data and project parameters.
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Relative estimating
Estimating Methods - is used to create estimates that are derived from
performing a comparison against a similar body of work, taking effort, complexity, and uncertainty into consideration. Relative estimating is not necessarily based on absolute units of cost or time. Story points are a common unitless measure used in relative estimating.
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Single-point estimating
Estimating Methods - involves using data to calculate a single
value that reflects a best-guess estimate. A single-point estimate is opposed to a range estimate, which includes the best- and worst-case scenario.
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Story point estimating
Estimating Methods - involves project team members assigning
abstract, but relative, points of effort required to implement a user story. It tells the project team about the difficulty of the story considering the complexity, risks, and effort involved.
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Wideband Delphi.
Estimating Methods - is a variation of the Delphi estimating method where subject matter experts complete multiple rounds of producing estimates individually, with a project team discussion after each round, until a consensus is achieved. For Wideband Delphi, those who created the highest and lowest estimates explain their rationale, following which everyone re-estimates. The process repeats until convergence is achieved. Planning poker is a variation of Wideband Delphi.
PLANNING
Backlog refinement
Meeting and Event Methods - the backlog is progressively
elaborated and (re)prioritized to identify the work that can be accomplished in an upcoming iteration.