To all directors/managers who build and set budgets & resources for analytics projects(ML & ETL projects mostly). What processes do you take when creating estimates to send out to clients? Next, being honest with yourself, how accurate do you find you estimates to be? Welcome to all comments and insights on how things are done.

like
Posting as :
works at
You are currently posting as works at

Wildly inaccurate. I just guess based on past experience. Then I write a bunch of caveats into the sow.

likefunny

Here is the real method. Take your first guess and multiply by 6. Partner will demand it be cut in half at least and at that point you will be pretty close.

Planning fallacy says you are usually 2-3x off.

helpfullike

Finally don't assume you will be the one doing the work when estimating, consider the the experience level of the people that will actually do the work.

Sometimes experienced professionals will create an estimate based on their level of experience, negleting the level of experience of the people actually delivering the project or activity.

like

I think it is good to involve the senior staff when estimating work. You dont always want to get the opinion of an analyst when estimating work, but shoud get input from your circle of trust so to speak.

like

Based on historical. Get a sense of quality of data/how big of a pain the client will be - pad from 25-50%+

like

T&M because COs are always going to be necessary. Client will always want to add new data from lord knows where

like

For ETL - estimates were based on prior projects/experiences. Also always added 2/3 days of padding.

like

Related Posts

Any chance of overcoming 3.34 undergrad gpa from state school? B4 cpa in TAS

like

Anyone who’s been through the PT MBA Program at Kellogg willing to chat?

like

Got a GRE score of 320 (162V 158Q). Did my masters from A&M (full scholarship, 3.8 GPA, journal publications. Have been working as a consultant for a small tech consulting firm for the past 1 year and was considering a MBA + Law or Public Policy masters dual degree program. My scores are still valid for atleast 1 year. Aiming for M7 or Oxbridge in Europe. Would using this GRE score be realistic for the school given I've just 1 YOE and my quant was lower. I'm an ORM International student fyi

like

Why is it that those in IB can’t get an MBA and return to IB the way people from other industries have returned post-MBA?

like

I got a offer from HCL as a Process Lead , Can someone let me know what would be my Key responsibility Areas and Profile.

Area- Applications

Updated my wifi SSID

Post Photo
likefunnyuplifting

It’s a vibe.

Post Photo
likefunnyuplifting

How do people stick with this thankless gig...awful

like

Curious to hear your thoughts... Senior Consultant at Deloitte vs VP at Citi - cyber risk/tech risk

like

What’s your top nutritional food item that doesn’t get enough love? Trying to change my daily snacking.

like

Anyone joined Non-technical teams or about to join ?? This week or next week

like

Any ZS 🐠 here willing to chat? I’m interested in a few positions and need help understanding the org structure.

like

As someone who wants to get into product management, what are the best materials to learn/read to succeed in interviews? Been in strategy type roles the last few years but was in SDLC for my first several years out of school as a BA. Thanks

likehelpful

How does gold,silver,ect..perform during civil unrest?

Trying hard to unlock my dms!
Please like this post if you'll don't mind!

like

I started checking out ADHD resources on Twitter after a friend suggested it and love some of the illustrations/explanations I've found especially because it can be hard to get straight answers from a doctor. This one on executive function is great and made me feel so much better (that it wasn't just me). Her account is @ADHD_Alien

Post Photo
like

Hi all, Dm me for referral in Cognizant for jobs given below. ETL testing opening 2 to 9 yoe required.

Post Photo
likehelpful

Anybody working in Unilever ,Bengaluru ? need a referralUnilever

like

i’m at work literally stressed about $3.5k (spread across there states) and this is why i can’t stand state taxation.

how you gonna shut down a business license over $100?!

likefunny

Not something you can order at Starbucks! Double Shot White Russian. I’m happy to announce that I will be starting a new series of mixed drinks and cocktails, alcoholic and non-alcoholic for your virtual happy hours. Stay tuned and feel free to share your mixology recipes. 🍸🍺🍹🍷

Post Photo
like

Additional Posts in Data & Analytics Consultants

Have you ever failed to deliver? What was it and why?

like

What’s the best/simplest way to understand Sets vs Groups in tableau?

like

Coming to the realization that consulting is not for me (tech person) feeling angry that salaries at D will never be on pair with FANG and that leadership is not tech focused. For example you could be a soul contributor at fang making 240k and people at Deloitte wait 10+ years to earn that as Senior Managers because they need to climb the corporate ladder. It seems super clear cut to me now, if you want to make money in tech don’t join consulting firms. Am I wrong?

like

Folks applying for Data and Analytics roles in the industry at M, SM, D Levels, what technical/functional topics do you prepare for on the Analytics side?

like

Hi! Does anyone know what kind of knowledge is needed to crack the Data Scientist interview at Google?

I'm currently working in Marketing Analytics (primarily using SQL and a bit of pyspark). Apart from mastering SQL, I wanted to know from people working at Google what does it take to get there as a Data Scientist? (I'm very interested in Strategy Ops)

I plan to another 6-8 months in preparation and upskilling myself before I even apply.
Any help and guidance is appreciated! Thanks :)

like

What is a data lake in basic terms?

like

What are the top sales & marketing metrics that tech companies track? I have an interview for a Data architect role and the data aspect is my strength but need to brush up on the business insight part

like

Hello, Anyone here from Deloitte Omnia AI who could refer me for an open opportunity.

like

Does your company split data science roles into different practices like data & analytics and software engineering? Does this inhibit collaboration & Where does a data engineer fall?

like

Learning cloud architecture right now so apologies if these are obvious questions: Best ways to store video metadata to perform analysis on it? I'm looking at AWS and GCP. Saw that Cassandra would be good for it, but not sure what the GCP equivalent is? But also I'm a bit confused on if Cassandra is just a DB and storage would need to be elsewhere? All help is welcome! I've been spinning my wheels on Google trying to understand

like

Anyone have any suggestions for front end guis for users to run python code? I’ve created a few tools for webscraping data, automation, and modeling but non technical users freak out when they try to run the code themselves. Any suggestions? (Have tried Juypter Notebooks and a few other IDEs)

like

Docket + R - I have an container running a rocker image and I’m trying to launch a bash terminal and the RStudio server (/init) at the same time. Is this possible? I tried adding CMD [“/init”] too.

like
like

What do you think when associates/senior associates misspeak on a concept during a meeting or interview?

I’ve learned something new on each project, and I’m afraid of coming off as an idiot so I rarely contribute to conversations; only after I have done research on the topic and have prepared do I speak/give ideas

like

When industries refer to business intelligence engineers, are they looking at a senior level or entry level? Some of these job descriptions seem rather outlandish in terms of years of experience required like 5+

like

KPMG folks, thoughts about Lighthouse relative to other big 4s? About to start the interview process. Coming from EY FSO DDnA

like

Looking for technical data analyst in Austin, tx (also have remote available) to join a series E startup. Need strong python & sql experience. A lot of data munging and cross-functional work. Love to chat if this makes sense. Cheers!

helpful

It’s been ages since I’ve taken college statistics. Can anyone recommend an online course where I can review and brush up?

like

What is it about D&A that most clients (or even partners) don't appreciate? Thinking about the painpoints or opportunities that are unseen at the top or require lateral thinking

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal