Clients come to us with an idea for a product and they always ask the questions - how long will it take and how much will it cost us to deliver? They need a delivery date and a budget estimate.
I will show how to use Monte Carlo simulation for predicting the delivery time for your next project.
I will go pretty quickly through the slides and focus on how to simulate project delivery time using Monte Carlo simulation in MS Excel.
The method presented can be used by any team that uses user stories for planning and tracking project execution no matter the development process used (Scrum, XP, kanban systems).
