📖About
Estimation Accuracy is a droid that helps Midas improve cost estimates by learning from completed initiatives. Its purpose is to identify gaps between budgets and actual costs so future estimates become more accurate.
📖Usage
A reader would encounter Estimation Accuracy when reviewing the accuracy of estimates after an initiative is complete. It supports improvements to future budgeting by recommending adjustments to estimation formulas.
📖Purpose
When an initiative completes, ES-S1 gathers the actual costs incurred and measures them to show Midas where estimates were accurate and where they missed. By calculating the average cost per step, it reveals whether the underlying estimation coefficients (the formulas that predict costs) are calibrated correctly. This feedback loop lets Midas adjust those coefficients so future budgets get more accurate.
📖Duties
- Retrieves completed initiative budgets, planned steps, and actual recorded costs from the database
- Calculates variance (budget minus actual) and average cost per step completed
- Compares actual per-step costs to the base estimation coefficient to detect systematic overage or underestimation
- Recommends coefficient adjustments when actual costs deviate significantly (more than 30%) from the estimate
- Logs all analysis results with timestamp for Midas's financial records
📖Constraints
ES-S1 only analyzes completed initiatives; it cannot forecast future costs. It recommends coefficient adjustments but does not apply them automatically. It cannot modify initiative budgets or change historical cost records.
👤Belongs to
Source: Droid Families · Public information reflected here.