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The top answer to this question on Quora is the best I've seen. http://www.quora.com/Engineering-Management/Why-are-software...

What really surprises me is that everyone accepts that there have to be estimates. While estimates are useful in many scenarios, most of the estimates I see developers giving add no value and are a waste of time. I've been working with teams now for the last 2 years who don't do estimates, and they are the highest performing teams I've ever worked with and the rest of the business have the highest trust in IT I've seen.



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