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The three-point estimation
It forces you to confront your possible optimism by asking you to identify 3 different pieces of data:
- A best-case scenario estimate
- A worst-case scenario estimate
- A most likely scenario estimate
Once you have your 3 numbers, calculate the average of the 3 points of data.
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Plan during the low point of your day
And when your good mood is at its lowest point in the day. In that case, you may be feeling less optimistic, which could help you create more realistic estimates
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Leave space for the unknown
When estimating any task or project, you have to take all of these things into account: There are things you know will happen, things you know could happen, and things you never once considered might happen.
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Use historical data
Start by asking: How long do such projects usually last?
If you’re coding a new feature for your company’s app, look at how long it took your team to build and release a similar feature in the past. If you’re writing a 4,000-word blog-post, review your data showing how many hours/day...
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The planning fallacy
Is our tendency to underestimate the amount of time it will take to complete a task. Estimation mistakes can usually be attributed to 2 key factors:
- Failing to consider how long it’s taken us to complete similar tasks in the past.
- Assuming that we won’t run int...
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Search outsiders' perspectives
While we tend to be optimistic about our own abilities to complete tasks quickly, we’re much more pragmatic when it comes to figuring out how long it will take someone else to complete a task.
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11. Being Bad at Estimating Time
Most of us tend to underestimate how long projects and tasks will take us to finish.
Time management tips:
- Calculate your fudge ratio. Build a list ...
Harness the power of both mindsets
To get the best out of a positive and negative mindset, visualize the best possible outcome while planning for the worst-case scenario.
Minimize The Catastrophizing
- Stop worrying about the future, or dwelling on the past too much, and stay in the present, as it is the only reality there is.
- Focus on the facts, not on the imaginative speculation in your head.
- Go through the worst-case scenario in your ...
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