Establishing standardised, reliable, and agile-compatible estimation frameworks through AI-driven requirement analysis and parametric modeling for enhanced financial accountability.
The Challenge
A prominent financial services group offering comprehensive banking, insurance, asset management, and wealth management services faced critical estimation challenges that threatened project success and financial accountability.
Estimation Pain Points
The organisation struggled with fundamental estimation challenges that impacted project planning and budget accuracy:
- Project team-level estimations lacked structured validation mechanisms
- Inconsistent and unreliable estimation results across departments
- No standardized approach to project scope analysis
- Project finance team needed unbiased estimations for budget scrutiny
- Inadequate resource management capabilities
- Lack of financial accountability in project estimations
- Inability to validate estimation accuracy over time
Agile Transformation Requirements
As the organisation embarked on agile transformation, specific challenges emerged:
- Required solution using Agile artifacts like EPICs and Stories
- Need to move away from detailed upfront specifications
- Essential alignment for effective planning and budgeting in Agile environments
- Support for iterative estimation approaches
- Integration with existing Agile delivery methodologies
- Capability for incremental cost and effort analysis
Our solution
By leveraging cutting-edge estimation technologies combined with proven methodologies to deliver accurate, reliable project estimations.
SEER SEM
Industry-leading parametric estimation tool providing sophisticated cost and effort modeling capabilities for software development projects.
Function Point Sizing
Standardised functional sizing methodology ensuring consistent and measurable project scope analysis across all initiatives.
AI Requirements Analysis
Advanced AI algorithms for automated requirement analysis and effort prediction with continuous learning capabilities.
Estimation Managed Service
Comprehensive managed service providing ongoing estimation support, model calibration, and continuous improvement frameworks.
Comprehensive Estimation Services
Our centralised estimation service works closely with project delivery and finance areas to manage and provide input into the cost and effort required to deliver initiatives across the organisation.
Software Development Estimation
Complete cost and effort estimation for software development projects using parametric modeling and AI-driven requirement analysis techniques.
IT Infrastructure Estimation
Specialised estimation services for IT infrastructure projects including hardware, software, and implementation effort calculations.
Portfolio & Programme Estimates
High-level estimation services for portfolio and programme initiatives, providing strategic cost and resource planning capabilities.
"Should Cost" Estimates
Independent cost validation and benchmarking services ensuring realistic and market-aligned project budgets and timelines.
EPIC/Story Analysis & Sizing
Agile-focused estimation service providing incremental cost and effort analysis as EPICs and stories evolve and are updated throughout development.
Customised Estimation Approaches
Tailored estimation methodologies based on specific functional inputs and organisational requirements of the financial institution.
Our Estimation Process
A systematic approach ensures accuracy, consistency, and continuous improvement in all estimation activities.
Requirement Analysis & Functional Sizing
Comprehensive analysis of project requirements using Function Point methodology and AI-driven requirement assessment to establish baseline sizing metrics.
Parametric Modeling & AI Analysis
Application of SEER SEM parametric modeling combined with AI algorithms to generate accurate cost and effort estimates based on project characteristics and historical data.
Scenario Analysis & Risk Assessment
Development of multiple estimation scenarios considering various project scope, timeline, and resource configurations to support informed decision-making.
Iterative Refinement & Calibration
Continuous model calibration and refinement based on actual project outcomes, ensuring estimation accuracy improves over time through machine learning.
Results & Benefits Delivered
The implementation of our advanced estimation services has transformed the organisation’s project planning and financial accountability capabilities.
Auditable Estimates
All estimates include documented assumptions and detailed methodologies, enabling informed decision-making at all organisational levels.
Consistent Sizing Approach
Standardised functional sizing methodology ensures comparable and reliable estimation across all projects and departments.
Iterative Estimation Process
Support for iterative estimation approaches enabling effective risk mitigation, planning, and budgeting throughout project lifecycles.
Scenario Analysis Capabilities
Comprehensive scenario analysis for evaluating project scope, timeline, effort, and cost impacts under different conditions.
EPIC & Story Level Estimation
Detailed estimation at EPIC and story levels with predicted cost, effort, and duration supporting agile delivery approaches.
Enhanced Financial Accountability
Improved budget accuracy and financial oversight through unbiased, methodical estimation processes and continuous model calibration.