Ann: Appendix 4C - Qtr Ended 31 March 2020, page-7

  1. zog
    3,364 Posts.
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    I would certainly endorse what awg is saying. I have also spent most of my working life in high tech workplaces; primarily software development. I would agree that it is notoriourly difficult to estimate what you don't know. The problem with research (and to some extent development) is that you "do not know what you don't know". In Rumsfeld classic phrase there are know known, there are known unknowns and there are also unknown unknowns - this is where research stands. I found the best way to estimate them was to get the technical people to come to a consensus and then add a contingency based upon older heads experience.
 
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