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Estimates and Anchors

23 January, 2014 by James Lawther 13 Comments

Nottingham Riviera

Sometimes you will be asked a question and you won’t know the answer… How many customers will call? How many products will you sell? How much will the project cost? Sometimes you have to start with an estimate. How do we estimate? Let me explain with a question: how many people live in my home […]

Filed Under: Blog, Operations Analysis, Tools & Techniques Tagged With: anchoring, assumptions, decisions, estimation

How to Estimate, and Why you Really Should Know

2 January, 2012 by James Lawther Leave a Comment

Speed will gain you competitive advantage Speed in business is gained by making decisions quickly Decisions are delayed because we need information to inform those decisions So anything that can give us numbers quickly is a source of competitive advantage Being able to do a quick estimate is a very valuable thing So how do […]

Filed Under: Blog, Operations Analysis, Tools & Techniques Tagged With: assumptions, decisions, estimation, video

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