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How to determine the fudge factor for effort estimation?

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I want to know how to calculate the Fudge factor which is used to determine a better approx of the effort, schedule and cost of a project. For example if a person with only 1 year of experience takes part in the project, how much extra time will he take when compared with a person with 10 years of experience.
asked 7 years ago by anonymous edited 7 years ago by FastProjectManager

1 Answer

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The term is not really a project management term. In any case, the best thing to address this issue is to allow team members to estimate their own tasks, and then the project manager will add the appropriate contingency. If the project manager estimates the same level of effort and productivity across the board based on the oldest/newest resource, then the project can be either way behind schedule or way ahead of schedule.

New team members (e.g. new to the company) are extremely tricky, since the estimates that they give cannot be verified with their previous work. In this scenario, the project manager typically add a lot of contingency and asks the team manager to do the estimates for them.
answered 7 years ago by FastProjectManager (10,100 points)

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