vault backup: 2026-03-03 14:58:23
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@@ -40,7 +40,7 @@ it is not cost-effective[^1] to allow it to take four.[^2]
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[^1]: "Cost" referring both to estimator salaries and the opportunity cost of declined bids.
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[^2]: Supposing a contractor maintained a modern portfolio theory styled record of estimates
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[^2]: Supposing a contractor maintained a [[modern-portfolio-theory]] styled record of estimates
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including pending bids, and projects ongoing and completed
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(each with confidence estimates),
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uncorrupted by [[estimating-culture#Incentives|perverse incentives]],
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@@ -71,12 +71,12 @@ What's being done to prevent it from re-emerging?
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It is my belief that the most practical solution
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is the frequent rotation of estimators in senior teams.
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It is in the interest of estimators
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that their personal heuristics not depend on who they're working for,
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that their personal [[heuristics]] not depend on who they're working for,
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so they can be expected to call attention to inconsistency
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allowing it to be addressed permanently.
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The only other option I can imagine
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is to document exact procedures for every scenario,
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is to document _exact_ procedures for _every_ scenario,
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which is obviously foolhardy.
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### Less Important
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