We are proud to be attending and speaking at the Lean Kanban North America conference later this month in Chicago. As part of that conference we are running a full day tutorial on Forecasting.
- How to forecast likely delivery dates and costs
- How to calculate Cost of Delay and why it matters
- How to quantify the benefits of decreasing cycle time in cash-flow and throughput
- How to calculate the cost and date impact of defects and blocking events
- How to analyze systems for staff imbalance
- How to analyze and use historical data when available
- What constitutes “enough” historical data and what to do when you have less (or none)
We surveyed the participants and the order listed above is the order the attendees picked. There is still time to register, and we have prepared our tutorial material to maximize one day of learning, with plenty of exercises to take home and continue learning.
What can be done about this?
How about forecasting instead of estimating?
What’s the difference? Estimating is typically made up of little more than a wet-finger held to the air. (A bit comical, but not far off the mark.) Some wet-fingers are well-calibrated, but the calibration doesn’t change some of the fundamental flaws of estimation. Foremost of these flaws are the flaws pertaining to the rationale behind the estimates and the ratio of knowns to unknowns to unknowable that common estimation techniques ineffectively handle.
On the other hand, forecasting is based on actual system capabilities. As importantly, forecasting can be tooled to speak to executives in the terms they already use throughout the business — except when it comes to software or IT services. Terms that speak in the language of value rather than the language of cost.
In this tutorial, attendees will learn surprisingly uncomplicated approaches to understanding system capabilities and use this understanding to express the need for resources, time, and process improvements that are quantitatively solid and statistically valid. In other words, attendees will learn how to make a case for staffing, resources, time, and even contractual commitments using basic tools, a little data and a helping of visuals in the forecasting language of executives rather than the estimation language of charity cases.”
hope to see you there.