Estimates, Targets, and Commitments

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What do people mean when they use the term "estimate"? Is that the same as "target" or "commitment"? Construx Software CEO Steve McConnell makes clear the meanings of these scheduling terms.

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This is an Excellent presentation. It really resonated with me as a professional software cost estimator.

BruceReynolds
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Well said and finally a good explanation why I feel late when I negotiate the estimate which is not supposed to be negotiated.

NourLababidi