Planning Poker Evaluation Techniques and Story Points
Posted: Sun Jan 19, 2025 12:37 pm
Inaccurate estimates are one of the most common project management problems. When you start a new IT project, you want to know two things: how long it will take and how much it will cost. To answer these questions, you need to evaluate the projects you are going to undertake. There is no magic rule that says project X takes 12 weeks and costs $150,000. Or that website Y needs to be built in 10 weeks and costs $100,000.
Key questions answered in this article
What you will learn from this article:
- How do project managers prepare for cost estimation in project management?
- What evaluation methods are useful for project evaluation?
- How should you prepare for formula-based cost hungary telegram phone numbers estimates when planning?
The importance of accurate assessment
You can’t estimate the project’s timeline or cost without a detailed estimate, even if the project’s scope is very similar to previous work. But what’s worse is that an estimate will never give you a 100% accurate answer to these questions either. So why do we estimate? Because it’s the only way to make assumptions about the project’s timeline and budget, the workload, and the resources needed to complete it.
The benefits of accurate assessment
Once you have estimated the project budget, you will also be able to plan for the right people with the right experience and skills. What you can do is use methodologies and techniques that will allow you to estimate with maximum accuracy. Here's how to use Agile methodology and the Planning Poker technique to create meaningful project estimates.
The Origin of Poker Planning
Where did Scrum (planning) poker come from?
In 2002, James Grenning created a planning poker session known for its strategy called "Scrum poker." In the early 1950s, his Wide Band Delphi estimation method was too time-consuming and had other limitations. In Grenning's case, the poker plan was originally intended to address the problem of players being too enthusiastic and too focused to win. Mike Cohn, founder of Agile Alliances and Scrum Alliances, later used the method in his paper "Agile Estimation and Planning."
Key questions answered in this article
What you will learn from this article:
- How do project managers prepare for cost estimation in project management?
- What evaluation methods are useful for project evaluation?
- How should you prepare for formula-based cost hungary telegram phone numbers estimates when planning?
The importance of accurate assessment
You can’t estimate the project’s timeline or cost without a detailed estimate, even if the project’s scope is very similar to previous work. But what’s worse is that an estimate will never give you a 100% accurate answer to these questions either. So why do we estimate? Because it’s the only way to make assumptions about the project’s timeline and budget, the workload, and the resources needed to complete it.
The benefits of accurate assessment
Once you have estimated the project budget, you will also be able to plan for the right people with the right experience and skills. What you can do is use methodologies and techniques that will allow you to estimate with maximum accuracy. Here's how to use Agile methodology and the Planning Poker technique to create meaningful project estimates.
The Origin of Poker Planning
Where did Scrum (planning) poker come from?
In 2002, James Grenning created a planning poker session known for its strategy called "Scrum poker." In the early 1950s, his Wide Band Delphi estimation method was too time-consuming and had other limitations. In Grenning's case, the poker plan was originally intended to address the problem of players being too enthusiastic and too focused to win. Mike Cohn, founder of Agile Alliances and Scrum Alliances, later used the method in his paper "Agile Estimation and Planning."