Making a sensible numeric estimate when data is missing, by breaking the problem down and stating a likely range.
Good work shows: Breaks the estimate into smaller parts; gives a low, likely and high figure; names the inputs that matter most.
Estimating under uncertainty is one of the analysis skills on FinderK.
The job simulations and Skill Paths below include work that is checked for this skill. You do the work in an original fictional company and get feedback on it.
The lead time from Portugal has jumped from six weeks to nine, and the best seller has a big promotion before Christmas. Project the stock, recommend what to do with the costs, and help sales tell the biggest customer the truth.
Skills: Project stock week by week and find a shortfall; Compare supply options on cost, timing and risk; Request approval within purchasing limits; Support honest customer commitments with numbers