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If you are a project manager, product owner or a business analyst, and you are about to estimate a digital transformation project in story points for the first time, this blog post is for you. The article starts with the basics, helps to kick-start an estimation and discusses how it is different from the traditional project estimation approach.
The proposed method using Story Points is typically used by project managers who work with their teams in an agile framework. Historically, it was only a measure of complexity. Over the years I started adding the other two dimensions, which has helped me in successful delivery of projects.
Typically, when starting an IT project, you need to answer some of the basic questions: what? The main ingredient of cost in IT software development projects is usually the effort spent on creating features programming. The estimation is done in man-hours or man-days. In the end, the project manager provides the baseline for the budget and timeline. The dates and number of man-hours are recorded, and the project success is gauged against it. Several risks may or may not materialize.
The project conditions might not be ideal for a fast pace delivery delays in decision process, random obstacles, previously unknown coding standards required, etc. The project environment might change, and the deliverables have to be aligned with it. Discussing the impact with sponsors and product managers is not an easy task. Having a rough idea about the overall cost of the project is more important than individual estimates for each task.
You as a Project Manager invite a team of experts: a business analyst , a software architect, a product designer, and specialists like front-end or back-end engineers. You select one item that is well understood by every team member; ideally something simple and without significant risks. An industry-wide approach to use a Fibonacci sequence for the scale.