Project Management Mindset Shifts Session 4 Practical Estimating

Examine the mindset myth that every task should include contingency to account for uncertainty. In reality, tasks should be estimated using the highest probability task estimate, an estimate between optimistic and pessimistic.Understand why adding extra contingency to project tasks causes undesirable effects.

The biggest waste on projects is hidden safety embedded within each task estimate. Empower task owners to provide “stretch goal” estimates that don’t have excess safety built in.

“Prediction is very difficult, especially if it's about the future!" - Niels Bohr