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AI-Powered Estimation: Transforming the Art and Science of Product Management

  • Estimation is a foundational element of product management that often exists in a paradoxical state — simultaneously considered both an art and a science.
  • Artificial intelligence (AI) can augment human judgment in estimation by analyzing patterns across projects and providing consistent learning.
  • Implementing AI-assisted estimation requires a structured approach, starting with the early-stage Simple Wild Approximation Guess (SWAG) and standardizing the process through templates.
  • The ideal approach combines AI capabilities with human judgment, leading to more accurate and defensible estimates.

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