Comments on: What tips do you have for estimating/budgeting? http://www.embeddedinsights.com/channels/2011/11/02/what-tips-do-you-have-for-estimatingbudgeting/ Shedding Light on the Hidden World of Embedded Systems Mon, 28 Jul 2014 16:18:37 -0400 hourly 1 http://wordpress.org/?v=3.0 By: Chris Hills http://www.embeddedinsights.com/channels/2011/11/02/what-tips-do-you-have-for-estimatingbudgeting/#comment-8984 Chris Hills Fri, 04 Nov 2011 09:36:33 +0000 http://www.embeddedinsights.com/channels/?p=650#comment-8984 This is not rocket science! The methods for this have been known for decades. However the problem usually is the stress of all the data entry, spreadsheets, checking and rechecking the formulea. However as the principals are well understood is Galorath produced the Seer tools to automate the process and remove much of the stress. see http://www.phaedsys.com/principals/galorath/index.html Whilst all tools are garbage in garbage out these tools will guide you to input the right data. Also as they are designed for this they are much faster than doing it by hand. So it gives you more time and more confidence in the accuracy again removing stress. The "more time" element lets you play with "what-if?" (more people, more time, other resources) so that not only do you have trhe answer you were asked to find, faster with a lot less stress you can also have looked at a range of options as well. With a little practice you find that your results are way better than manual systems One company says that it can now get +/- 5% on a complete jet aircraft project using these tools!!! The other very important point of these tools is you will expose the BHAG's for what they are. When either there is not enough information to create a model or the numbers show that it is just not possible without a spare year between January and Febuary or some one doubleing the size of the resouirces..... This will stop precious resources being wasted on projects that will never work and therefore releaseing more reources to the projects that will work.... again reducing stress, time and COSTS! Yes these Seer tools have been shown to reduce costs to companies using them as they know, quite accuratly, exactley what recources a project will need. It all reduces costs, wasted resources, more imprtantly time and of course stress.... This is not rocket science! The methods for this have been known for decades. However the problem usually is the stress of all the data entry, spreadsheets, checking and rechecking the formulea. However as the principals are well understood is Galorath produced the Seer tools to automate the process and remove much of the stress.

see http://www.phaedsys.com/principals/galorath/index.html

Whilst all tools are garbage in garbage out these tools will guide you to input the right data. Also as they are designed for this they are much faster than doing it by hand. So it gives you more time and more confidence in
the accuracy again removing stress.

The “more time” element lets you play with “what-if?” (more people, more time, other resources) so that not only do you have trhe answer you were asked to find, faster with a lot less stress you can also have looked at a range of options as well.

With a little practice you find that your results are way better than manual systems One company says that it can now get +/- 5% on a complete jet aircraft project using these tools!!!

The other very important point of these tools is you will expose the BHAG’s for what they are. When either there is not enough information to create a model or the numbers show that it is just not possible without a spare year between January and Febuary or some one doubleing the size of the resouirces…..

This will stop precious resources being wasted on projects that will never work and therefore releaseing more reources to the projects that will work…. again reducing stress, time and COSTS! Yes these Seer tools have been shown to reduce costs to companies using them as they know, quite accuratly, exactley what recources a project will need.

It all reduces costs, wasted resources, more imprtantly time and of course stress….

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