This episode is sponsored by The Agile PrepCast for The PMI-ACP Exam:
This interview with Mark Layton was recorded at the Southland Technology Conference 2013 in Long Beach.
Mark Layton (https://platinumedge.com/) has been an entrepreneur, consultant, and trainer in project management for the last 20 years. (And as it so happens, Cornelius Fichtner was a student in one of his Scrum Master classes.)
Mark and Cornelius got together in Long Beach to talk about Agile estimation. Mark says that traditional requirement estimation techniques are a frustrating combination of wild guesses and false precision. While estimates are given down to the exact hour of effort, the accuracy of those predictions vary wildly and provide no opportunity to self-correct based on actual performance. This inaccuracy problem is then intentionally masked by an even more inefficient tool - contingency reserve.
In our interview, Mark describes how using agile estimation techniques is faster, easier, more informed, more honest, and ultimately, more accurate than guessing to the hour how long tasks months in the future will take to complete.