I've been awared a scholarship by the Mises Institute to attend Mises University this summer. Mises U is a one week program in Austrian Economics. It should be very educational. I can't wait.
As described in the previous post about our development process at GreatVines, we use LiquidPlanner for project management. Estimating how long tasks will take is important in most software development projects (and generally any project involving more than one person).
LiquidPlanner provides a great way of estimating tasks using an 80% confidence interval, but estimating tasks like this is a new concept for most developers. Below is a transcript with a developer that recently joined our project. We were able to get from "I have no idea how long it will take" to a decent estimate in about half an hour, but it should only take a minute or two for the next task.
2013-09-05 11:16:52: <Christian G. Warden> have you guys reviewed all of the tasks for the september release? 2013-09-05 11:20:44: <Ben H> yes, but many of the tickets refer to parts of the code I have no experience with so I have no idea how much work they will be. 2013-09-05 11:23:11: <Christian G. Warden> you can put wide estimates on tasks like that. can you give me an example, and i'll walk you through it? 2013-09-05 11:25:15: <Ben H> 10631525- Make Modal Form Fields scroll-able: I have no idea where contacts are viewed in the application, I haven't had any reason to look at their controller/model 2013-09-05 11:25:52: <Ben H> so any time estimate I would come up with would be a sheer guess 2013-09-05 11:26:38: <Christian G. Warden> ok, no problem. what's the likelihood it will take you more than 2 weeks to complete the task given what you currently know about the app? 2013-09-05 11:27:21: <Ben H> darn near 0% I would figure 2013-09-05 11:27:26: <Christian G. Warden> phew :) 2013-09-05 11:27:31: <Christian G. Warden> how about 1 week? 2013-09-05 11:28:29: <Ben H> that's still very high, so 2%? 2013-09-05 11:28:38: <Christian G. Warden> how about 3 days? 2013-09-05 11:28:40: <Ben H> given that it looks like pure GUI work 2013-09-05 11:30:03: <Jim Thompson> yeah Ben the problem is that one customer has put so many fields in the FieldSet that you can't see the entire modal, the Save and Cancel buttons scroll below the page 2013-09-05 11:30:33: <Ben H> I guess 3-4 days (if it is pure GUI work then 1-2 should be more then enough, unless there's something unseemly complex) 2013-09-05 11:30:45: <Jim Thompson> I am going to move this task beneath the Performance items Christian 2013-09-05 11:30:47: <Jim Thompson> (and Ben) 2013-09-05 11:32:20: <Christian G. Warden> would you say there's a 10% probability that it will take more than 4 days? 2013-09-05 11:33:34: <Jim Thompson> at 12-32 hours it might have to drop off the list, or at least to the bottom 2013-09-05 11:34:40: <Christian G. Warden> jim, we'll go through the tasks and reprioritize after the estimates are updated. 2013-09-05 11:34:57: <Jim Thompson> ok, I also moved "New Task" and "New Event" to October, which is when we promised it 2013-09-05 11:35:39: <Christian G. Warden> you're interrupting my estimation lesson :) 2013-09-05 11:36:02: <Ben H> (yeah, he's been high balling for tutorial purposes) 2013-09-05 11:36:11: <Jim Thompson> ok im out 2013-09-05 11:37:50: <Christian G. Warden> no, i want to come up with realistic estimates. if they're wide right now because of uncertainty as to what it will take to complete them, that's fine. once we have estimates, we can decide whether to invest time to come up with tighter estimates. 2013-09-05 11:38:44: <Christian G. Warden> so, do you think 4 days as a high estimate is accurate? 2013-09-05 11:39:29: <Ben H> for this example I put 12-24, it's really wide and most likely most of that will be learning about how that GUI element is working and making the tests 2013-09-05 11:39:57: <Ben H> the range is more to show that it could go horribly wrong if there is something there I have no idea of 2013-09-05 11:40:24: <Ben H> but 12 still seems really high 2013-09-05 11:40:30: <Christian G. Warden> what's the likelihood that you will complete the task in 2 hours? 2013-09-05 11:41:14: <Ben H> the likihood I'll complete it in 6 hours I would meet the 10% threshold 2013-09-05 11:41:26: <Ben H> *likelihood 2013-09-05 11:41:38: <Christian G. Warden> ok, so, let's make it 6-24 2013-09-05 11:45:29: <Christian G. Warden> and you can check yourself by imagining we're going to a casino. you can choose from two wagers: 1) roulette - there are 10 numbers on the roulette wheel. if 1 or 10 comes up, you lose. if 2 through 8 comes up, you win $100. 2) the bookmaker - if you complete the task in less than 6 hours, you lose. if you complete the task in more than 24 hours, you lose. if you complete the task between 6 and 24 hours, you win $100. which wager do you want to take? 2013-09-05 11:47:25: <Ben H> bookmaker, it also means I can spend some speculative time trying different approaches to find one that solves the problem better 2013-09-05 11:47:34: <Ben H> if things go well 2013-09-05 11:49:16: <Christian G. Warden> so it's not really an 80% confidence interval. it might be more like a 90% confidence interval. you should make the range narrower. 2013-09-05 11:49:52: <Ben H> how then do you show the risk if (I doubt in this case) that 10% could be really bad 2013-09-05 11:52:19: <Christian G. Warden> it's ok if there's an outlier occasionally. we want to get an accurate estimate across all of the tasks. 2013-09-05 11:56:09: <Christian G. Warden> you should narrow the range until you're ambivalent between taking the two wagers. and widen the range when you'd rather play roulette. 2013-09-05 11:58:02: <Christian G. Warden> but we've already gone from "i have no idea how long it will take" to "i'm 90% confident, it will take between 6 and 24 hours". 2013-09-05 11:59:40: <Ben H> I'm just worried it's misplaced confidence 2013-09-05 12:00:03: <Ben H> either way, given the range, I am (90%) confident that I can get it done within the range 2013-09-05 12:07:07: <Christian G. Warden> nobody dies if you're wrong. you're expected to be wrong 20% of the time (once you narrow it to an 80% confidence interval). if we decide we need to know with more certainty when something will be done, we might ask you to spend an hour to do a little research so you can come up with a tighter estimate, after which you would adjust the high and/or low estimate. for now, though, estimate the tasks based on what you currently know. 2013-09-05 12:07:50: <Ben H> ok
The roulette idea comes from Douglas Hubbard's How to Measure Anything.
The state is that great fiction by which everyone tries to live at the expense of everyone else. - Frederic Bastiat