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Forecast the #NoEstimates Way

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

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

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Forecast the #NoEstimates Way with these activities:

Read Thinking and Forecasting by Peter Schwartz

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This book provides valuable insights into the broader context of forecasting, including cognitive biases and decision-making.

View Rebooting Policy Analysis: Strengthening the... on Amazon

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Acquire the book Thinking and Forecasting from your preferred bookstore or library.
Focus on the chapters that discuss the principles and challenges of forecasting.
Take notes on the key concepts and techniques presented in the book.

Gather Resources on Bootstrapping Techniques

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Gathering resources will provide you with a comprehensive collection of materials to support your learning beyond the course.

Browse courses on Statistical Forecasting

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Search online for articles, white papers, and other resources on bootstrapping techniques.
Bookmark and organize the relevant resources in a central location for easy access.
Consider creating a bibliography or annotated list of the resources.

Join a Study Group on Bootstrapping

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Participating in a study group will foster collaboration, knowledge sharing, and a deeper understanding of the subject matter.

Browse courses on Statistical Forecasting

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Find or create a study group with peers who are also taking the course or have an interest in bootstrapping.
Meet regularly to discuss the course material, work on assignments together, and share insights.
Take turns leading the discussions and presenting on specific topics.

Four other activities

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Complete Bootstrapping Exercises

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Engaging in practice drills will reinforce your understanding of the concepts and techniques covered in the course.

Browse courses on Statistical Forecasting

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Find online resources or textbooks that provide bootstrapping exercises.
Solve the exercises, applying the formulas and techniques you learned in the course.
Check your solutions against provided answer keys or consult with a mentor or instructor for guidance.

Attend a Workshop on Bootstrapping Techniques

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Attending a workshop will provide you with hands-on experience and expert guidance in applying bootstrapping techniques.

Browse courses on Statistical Forecasting

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Identify and register for a workshop that aligns with your learning goals.
Attend the workshop and actively participate in the activities and discussions.
Take notes and ask questions to enhance your understanding.

Develop a Bootstrapping Model in Excel

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By developing a bootstrapping model, you will solidify your understanding of the concepts and techniques covered in the course.

Browse courses on Microsoft Excel

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Gather data relevant to the forecasting task.
Create a blank Excel spreadsheet and set up the data.
Apply the bootstrapping formula using Excel's built-in functions.
Generate and analyze the results of the bootstrap simulation.
Write a brief report summarizing the findings and insights gained.

Write a Blog Post on Bootstrapping for Forecasting

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Creating a blog post will enhance your understanding of bootstrapping and improve your communication skills.

Browse courses on Statistical Forecasting

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Choose a specific aspect of bootstrapping to focus on.
Research and gather information from reliable sources.
Write a draft of your blog post, explaining the concepts and techniques in a clear and concise manner.
Revise and edit your blog post for accuracy and clarity.
Publish your blog post on a relevant platform.

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.

See salaries and explore the career path for Project Manager

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.

See salaries and explore the career path for Product Manager

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.

See salaries and explore the career path for Business Analyst

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.

See salaries and explore the career path for Data Analyst

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.

See salaries and explore the career path for Software Developer

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.

See salaries and explore the career path for Quality Assurance Analyst

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.

See salaries and explore the career path for Business Development Manager

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.

See salaries and explore the career path for Sales Manager

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.

See salaries and explore the career path for Marketing Manager

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.

See salaries and explore the career path for Financial Analyst

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.

See salaries and explore the career path for Operations Manager

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.

See salaries and explore the career path for Human Resources Manager

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.

See salaries and explore the career path for Information Technology Manager

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.

See salaries and explore the career path for Supply Chain Manager

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.

See salaries and explore the career path for Customer Service Manager

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.

A Leader's Guide to Agile

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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.

Forecast the #NoEstimates Way

What's inside

Syllabus

Good to know

Save this course

Activities

Career center

Reading list

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