BA Technique #19: Estimation

Determining the effort, time, and resources required to complete a task or project

Photo by DCP on Unsplash

Hey, my fellow BAs! Welcome back to our awe-inspiring journey through the 50 essential Business Analysis techniques featured in The BABOK Guide v3. The technique of Estimation will empower us to make educated “guesses”, quantify project parameters, and deliver reliable forecasts for successful analysis. Prepare to sharpen your estimation skills and navigate the realm of uncertainty with confidence. Let’s get to the core of it!

What is this technique about?

Estimation is a technique that involves determining the approximate effort, duration, and resources needed to accomplish project activities. It plays a crucial role in planning, budgeting, and decision-making processes. Estimation helps set expectations, manage risks, and ensure project success by providing a realistic assessment of the project's scope and requirements.

How to apply this technique?

To effectively apply Estimation in your business analysis endeavours, consider the following suggested steps:

1. Define the Scope — Start by clearly defining the project or initiative to be estimated. Identify the key deliverables, activities, and…