What is the estimated accuracy of Guidewire's estimation approach by the end of the Inception phase?

The estimated accuracy of Guidewire's estimation approach by the end of the Inception phase is typically around 10%. During this phase, the project team gathers initial requirements, outlines project scope, and produces a high-level understanding of the system to be developed. The goal is to provide a rough estimate to guide planning and budgeting, acknowledging that there will be further refinement as the project progresses through additional phases.

A 10% accuracy estimate reflects the nature of early-stage estimation, which is often based on limited information and assumptions. This level of precision strikes a balance between providing a meaningful target for project stakeholders and recognizing the inherent uncertainties that come with early project stages. As the project advances into later phases, more detailed requirements and analysis will lead to improved accuracy in estimates.