[vc_row css=”.vc_custom_1531586774506{margin-top: 10px !important;margin-right: 10px !important;margin-bottom: 10px !important;margin-left: 10px !important;border-radius: 15px !important;}”][vc_column][vc_column_text][/vc_column_text][/vc_column][/vc_row][vc_row css=”.vc_custom_1531586795680{margin-top: 10px !important;margin-right: 10px !important;margin-bottom: 10px !important;margin-left: 10px !important;background-color: #0098ba !important;border-radius: 15px !important;}”][vc_column][vc_column_text]Video Summary :
The video mentions Estimation Process which has following steps:
1) Find assumptions or factors
2) Underestimate , Overestimate
3) Take Geometric mean of the above e.g. Geometric mean of numbers X, Y = Square root of X*Y
4) Take that number for calculations (Do rounding off)
5) Interpret and compare with known quantities
Convert it into interesting examples
6) Refine each step
Question assumptions (which can be changed, which answers might be changed, Compare estimates from other team members and question why it is different)
Estimation is often the process of converting the complexity to simplicity.
It should be so simple that it appears like the ‘back of the envelop’ calculations.[/vc_column_text][/vc_column][/vc_row]
