Agile Projects Need Budgets, Not Just Estimates

The concept: Agile Projects Need Budgets, Not Just Estimates, from an article in the Harvard Business Review  Agile Projects Need Budgets, Not Just Estimates makes a great point about preparing estimates. Their basic assumption is that to perform estimates one needs to break everything down to tasks of a few days. And that is too much work. We couldn't agree more. The article goes on to show how for budgeting one needs not just a single point estimate but a risk curve and the number associated with a probability.... That a budget is a commitment, not just an estimate with …