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Zane Meyers
2025-07-08 07:25:20 -04:00
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new-additions/evpi-takeoff.md
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Expected value of perfect information (EVPI)
The perceived *value* of decreased uncertainty
must be weighed against its *cost*.
Takeoff purchases certainty with estimator hours.
Estimator hours have a not insubstantial real cost in salary and burden,
however the opportunity cost may exceed this.
Count-based takeoff speed increases with count.
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@@ -27,4 +20,4 @@ their success being a matter of perspective.
## Naming Conventions (Use Case vs. Description)
Naming by use case is intuitive for those without estimating or field experience,
but has the side effect that those acustomed to the names will inevitably treat them as descriptive.
but has the side effect that those accustomed to the names will inevitably treat them as descriptive.