Inadequate Estimation is one of the largest causes of Project Failure.
Effective Estimation requires getting both the Time and the Cost correct, both on an Artifact by Artifact basis and at an overall Project or Program Level.
Proceve was designed to support better Estimation at every level:
Proceve allows you to Estimate using Story Points, T-Shirt Sizes, Complexity or Person Hours.
Estimate from the Top Down or Bottom Up.
Refine Estimates over time.
Assign confidence levels to Estimates.
If you ask someone to Estimate how many Story Points to assign to a Task, in their head, they always think about how many Person Hours it will take and then convert that back to Story Points before giving their answer.
Proceve allows you to codify this process explicitly by allowing you to map Story Points, T-Shirts and Complexities, not only to Person Hours but also to each other.
Specify not only a single point conversion, such as 2SP = 8 Person Hours, but define a Low, High and Expected Value for each mapping.
Proceve was designed to allow you to define Estimates at any level within the Project or Artifact Hierarchy and then Aggregate the Estimates any way you need them.
So you just Estimated a Task as requiring 2 Story Points to complete.
All of these assumptions affect the accuracy of your Estimates.
Proceve was designed to allow you to optionally define these parameters for each Estimate so that your Time and Cost estimates are more accurate.
What good are Estimates if they are constantly inaccurate?
How do you know if your Estimates are accurate or not?
If the estimate was 2 Story Points and the Task took 3 days, was that estimate good, bad or otherwise?
Combined with our Time Tracking, Proceve allows you to compare your Estimates against the actual Time and Cost it took to complete the Tasks.
Proceve was designed to allow you to refine your estimates over time use AI.
