How much contigency is planned for estimating agile projects

Agile

Kuppam Sudheer PM I| DXC Technology Mississauga, Ontario, Canada

While planning projects in agile, want to understand the industry standards for estimating agile projects (how much effort is factored as contigency)

Posted: Jan 14, 2025 4:13 PM

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Jim Morgan Durham, NC, United States

Jan 25, 2025 7:17 AM

Replying to Kiron Bondale

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I would agree that it is less formal, but even in a product (as opposed to project) centric situation, the company might find itself with limited funding for their first or even first few releases. When they pitch their funding needs to outside investors, they have to provide "some" idea as to how much might be required. And that figure is likely to include some level of contingency.

Kiron

I’m sorry, Kiron, but your description does not align with my experience with startups. Venture capital firms I'm familiar with realize there is no way to predict how much a new product will cost. They organically handle funding in a agile way: fund a little, see where it goes, fund a little more (or not) based on initial results, etc. I would not take an investment from an outside investor who thought predictive project management applies to new product development.

Posted: Jan 27, 2025 9:43 AM

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How much contigency is planned for estimating agile projects

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