You do. Whether its a delivery project, feature or sales budget, you have an estimate. It might be a really large range e.g. between $10 to $100,000 but that is okay. By definition an estimate isn’t exact. So its important to put a stake in the ground by putting an estimate. Even if its off, it lets you retrospect, improve your intuition and do a better job next time. Objection Putting an initial estimate down has a cognitive bias — . Maybe you can avoid it if you know about it! Otherwise, always give a range e.g. you can say “I believe it will take 30 to 70 hrs (or $30K to $70K) and I can give you a more accurate estimate if I know X”. Anchoring Summary Your estimate accuracy depends on your past experience and intelligence. If someone tells me they don’t know the estimate, I question both. So always give an estimate and then work to make it better. This post came about in a discussion with MeetNotes.co team. MeetNotes.co is a meeting notes application for teams trying to make meetings engaging. If that interests you, you can try it here . is how hackers start their afternoons. We’re a part of the family. We are now and happy to opportunities. Hacker Noon @AMI accepting submissions discuss advertising & sponsorship To learn more, , , or simply, read our about page like/message us on Facebook tweet/DM @HackerNoon. If you enjoyed this story, we recommend reading our and . Until next time, don’t take the realities of the world for granted! latest tech stories trending tech stories
