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Forecast the #NoEstimates Way

Wilvie Anora

Forecasting the amount of work a project requires is a challenge. This course will teach you how to forecast using the #NoEstimates way, using bootstrapping as a forecasting method that you can apply using a pre-built or a blank excel model.

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Forecasting the amount of work a project requires is a challenge. This course will teach you how to forecast using the #NoEstimates way, using bootstrapping as a forecasting method that you can apply using a pre-built or a blank excel model.

Managers are faced with many challenges and inefficiencies, particularly in estimating or forecasting the amount of time or work it takes to complete a task or project. In this course, Forecast the #NoEstimates Way, you’ll learn to forecast using the #NoEstimates way by using bootstrapping as a forecasting technique which you can apply using a pre-built and a blank excel model. First, you’ll learn what an estimate is according to the #NoEstimates movement. Next, you’ll discover about bootstrapping as a forecasting technique including what it can and cannot do. Finally, you’ll learn how to apply bootstrapping to a pre-built and blank excel-based model. When you’re finished with this course, you’ll have the skills and knowledge of bootstrapping using excel as a forecasting technique which is needed to do forecasting through the #NoEstimates way.

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What's inside

Syllabus

Course Overview
#NoEstimates Movement
Bootstrapping as a Forecasting Technique
Applying Bootstrapping: Pre-built Excel-based Model
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Applying Bootstrapping: Blank Excel-based Model

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Develops foundational skills in no-estimates forecasting
Teaches bootstrapping, a valuable and easy-to-use method
Provides Microsoft Excel templates, making the modeling process more accessible
Real-world applications in project management
Engages the learner through multimedia
Taught by Wilvie Anora, an instructor recognized in the #NoEstimates movement

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Activities

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Career center

Learners who complete Forecast the #NoEstimates Way will develop knowledge and skills that may be useful to these careers:
Project Manager
Project managers are responsible for planning, organizing, and executing projects. They work with stakeholders to define project scope, timelines, and budgets, and they track progress to ensure that projects are completed on time and within budget. The #NoEstimates Way forecasting method can be a valuable tool for project managers in that it can help them to forecast the amount of work that a project requires. This can help to ensure that projects are staffed appropriately and that realistic timelines are set.
Product Manager
Product managers are responsible for defining, developing, and launching products. They work with stakeholders to identify product needs, and they develop and execute product roadmaps. The #NoEstimates Way forecasting method can be a valuable tool for product managers in that it can help them to forecast the demand for a product. This can help to ensure that products are launched at the right time and that they meet the needs of the market.
Business Analyst
Business analysts are responsible for understanding the needs of a business and recommending solutions to improve efficiency and effectiveness. They work with stakeholders to identify business problems and opportunities, and they develop and execute business plans. The #NoEstimates Way forecasting method can be a valuable tool for business analysts in that it can help them to forecast the impact of a business change. This can help to ensure that business changes are made with the greatest possible benefit and the least possible risk.
Data Analyst
Data analysts are responsible for collecting, cleaning, and analyzing data. They work with stakeholders to identify data needs, and they develop and execute data analysis plans. The #NoEstimates Way forecasting method can be a valuable tool for data analysts in that it can help them to forecast the demand for data. This can help to ensure that data is collected and analyzed in a timely and efficient manner.
Software Developer
Software developers are responsible for designing, developing, and testing software applications. They work with stakeholders to identify software needs, and they develop and execute software development plans. The #NoEstimates Way forecasting method can be a valuable tool for software developers in that it can help them to forecast the amount of work that a software project requires. This can help to ensure that projects are staffed appropriately and that realistic timelines are set.
Quality Assurance Analyst
Quality assurance analysts are responsible for testing software applications to ensure that they meet quality standards. They work with stakeholders to identify software defects, and they develop and execute test plans. The #NoEstimates Way forecasting method can be a valuable tool for quality assurance analysts in that it can help them to forecast the amount of time that is required to test a software application. This can help to ensure that software applications are tested thoroughly and that they are released with the highest possible quality.
Business Development Manager
Business development managers are responsible for identifying and pursuing new business opportunities. They work with stakeholders to develop and execute business development plans, and they track progress to ensure that business goals are achieved. The #NoEstimates Way forecasting method can be a valuable tool for business development managers in that it can help them to forecast the demand for a product or service. This can help to ensure that business development efforts are focused on the most promising opportunities.
Sales Manager
Sales managers are responsible for leading and motivating a sales team. They work with stakeholders to develop and execute sales plans, and they track progress to ensure that sales goals are achieved. The #NoEstimates Way forecasting method can be a valuable tool for sales managers in that it can help them to forecast the demand for a product or service. This can help to ensure that sales teams are staffed appropriately and that realistic sales targets are set.
Marketing Manager
Marketing managers are responsible for developing and executing marketing campaigns. They work with stakeholders to identify marketing needs, and they develop and execute marketing plans. The #NoEstimates Way forecasting method can be a valuable tool for marketing managers in that it can help them to forecast the impact of a marketing campaign. This can help to ensure that marketing campaigns are executed with the greatest possible impact and the least possible risk.
Financial Analyst
Financial analysts are responsible for analyzing financial data and making recommendations to investors. They work with stakeholders to identify investment opportunities, and they develop and execute investment plans. The #NoEstimates Way forecasting method can be a valuable tool for financial analysts in that it can help them to forecast the performance of a stock or bond. This can help to ensure that investment decisions are made with the greatest possible return and the least possible risk.
Operations Manager
Operations managers are responsible for planning and executing the day-to-day operations of a business. They work with stakeholders to identify operational needs, and they develop and execute operational plans. The #NoEstimates Way forecasting method can be a valuable tool for operations managers in that it can help them to forecast the demand for a product or service. This can help to ensure that operations are staffed appropriately and that realistic production targets are set.
Human Resources Manager
Human resources managers are responsible for managing the human resources of a business. They work with stakeholders to identify human resources needs, and they develop and execute human resources plans. The #NoEstimates Way forecasting method can be a valuable tool for human resources managers in that it can help them to forecast the demand for employees. This can help to ensure that staffing levels are appropriate and that realistic hiring targets are set.
Information Technology Manager
Information technology managers are responsible for planning and executing the information technology needs of a business. They work with stakeholders to identify information technology needs, and they develop and execute information technology plans. The #NoEstimates Way forecasting method can be a valuable tool for information technology managers in that it can help them to forecast the demand for information technology resources. This can help to ensure that information technology resources are allocated appropriately and that realistic information technology budgets are set.
Supply Chain Manager
Supply chain managers are responsible for planning and executing the supply chain of a business. They work with stakeholders to identify supply chain needs, and they develop and execute supply chain plans. The #NoEstimates Way forecasting method can be a valuable tool for supply chain managers in that it can help them to forecast the demand for a product or service. This can help to ensure that supply chains are managed efficiently and that realistic inventory targets are set.
Customer Service Manager
Customer service managers are responsible for managing the customer service of a business. They work with stakeholders to identify customer service needs, and they develop and execute customer service plans. The #NoEstimates Way forecasting method may be useful for customer service managers in that it can help them to forecast the demand for customer service resources. This can help to ensure that customer service resources are allocated appropriately and that realistic customer service targets are set.

Reading list

We've selected ten books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Forecast the #NoEstimates Way.
Introduces the key principles and practices of agile estimating and planning, providing a practical framework for managing project scope, timelines, and resources. It aligns well with the #NoEstimates approach by emphasizing the importance of iterative planning and continuous estimation.
Explores the psychological and behavioral biases that influence our decision-making. It provides insights into how we estimate and forecast, making it a valuable read for understanding the limitations and potential pitfalls of traditional estimation methods.
Promotes a data-driven approach to project management, emphasizing the use of metrics and analytics to track progress and make informed decisions. It complements the #NoEstimates way by providing a framework for continuous improvement and evidence-based forecasting.
Provides a practical guide to agile development principles and practices. It covers topics such as iterative planning, continuous integration, and customer collaboration, which are essential for successful #NoEstimates projects.
This classic book explores the challenges and complexities of software development. It provides insights into the human factors and organizational issues that can impact estimation accuracy, making it a valuable read for understanding the context of #NoEstimates.
Discusses the challenges of innovation and disruption in established companies. It provides insights into why traditional estimation methods may fail to anticipate the impact of new technologies, reinforcing the need for a more agile approach like #NoEstimates.
Introduces the Kanban method, a visual management system for software development. It provides insights into how Kanban can be used to improve flow and reduce waste, complementing the principles of #NoEstimates.
Introduces the Scrum framework and its principles. It provides a practical guide to implementing Scrum in software development teams, offering insights into how #NoEstimates can be integrated into the Scrum process.

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