The cost of the sale should include sales, marketing and some overhead costs, such as: Customer acquisition costs. At the end of 1 st iteration, story points completed were 20 story points. Estimated Story Points (MVP): (Estimated story points for the MVP of the epic) Estimated Monetary Cost (MVP): (Example: Estimated story points * cost per story point for MVP features) In-house or Outsourced Development: (Provide recommendations for where the Epic should be developed) Go / No-Go: (Go, or No-Go recommendation) Estimated. The number of stories done per week (called throughput) are easily counted at the end of each work-week, so there’s less guess-work than with story-points (on the contrary, story-points are. It is a combination of estimated story points and regression testing effort required for a project to be completed. Cost Per Point x Points Per Dev = the value output expected per person. Their product owner could then estimate that a 10-point product backlog item will cost about $20,000. 00. Team iOS. Take time to analyze the root cause of these shifts. Measure the cost per story point or function point and strive to deliver more features at a continuously decreasing cost. BVIR for Management [Use this slide to create your BVIR. 36 and the cost of the change is estimated to $150, just. You don't convert story points into money. Divide total cost by number of story points delivered, and you have your cost per story point. Together, they worked 80 hours and completed 25 points. Sep 28, 2021. e. 35 to $11 per square foot. Once you get scored the easiest story, find the mid-size one and run the same procedure. meet requirements, but also that we could do it at a lower cost per story point than the off shore teams, which had significantly lower bill rates. In one teams case this was $2,370 for a Story Point and a Feature cost. Story points are an abstraction of cost. It's a relative Estimation Technique. Yay! As mentioned earlier, Cost Per Point (CPP) is calculated by dividing Gross Media Cost by Gross Ratings Points. We provide complete software development support within a managed, Agile framework. Cost-per-story-point is a great metric to use to convert a team’s internal planning metric (story points) into a stakeholder-facing metric (sticker price). amazon. During a typical planning session, a trivial bug fix might be estimated as a 1 or 2, and a larger feature might be anything up to a 12. At some point, we get to the 5th, 7th, or 10th sprint. For example 1 points. We use the entire amount of work to be completed and our total planned budget for the whole project for this calculation. Median ( per hour ) $ 46. Team B will manage more story points per sprint, but their tickets will be bigger - so it works out to the same amount of tickets. Story points consider factors like the complexity of the work, the estimated time it will take to complete, the number of resources needed, and more. OPERATE. Multiply the Feature's Story point estimate by the average cost per Story. Assume, we arrive at a stable velocity of 110 story points per 22 working days sprint for a development team of 5 members. While calculating the cost estimation based on story points we will suggest having 3 Sprint data for better estimation and adequate data. They knew their velocity and could predict how many new features released each sprint. A story point is a metric used in agile development to estimate the relative complexity or difficulty of implementing a given user story. rather than one or two updates per year. local and independent concern In SAFe however story points must share the same from ART 50 at University of the Incarnate Word. pptx Author: Ken Rubin Created Date: 9/19/2016 4:10:36 PMVSO VaaS offering makes the cost of DevOps predictable by fixing the cost per story point for DevOps support. Cost per Story Point (2) - measuring the $ per story point by knowing the number of people on the team, the sprint length and the story point velocity to determine the average cost per story point. As part of the Control Costs process, you determine that the team's average velocity is 25 points per sprint, and the team has earned 1/3 of the total number of story points required to complete the entire project. Subtract how many days people are not at work (PTO, holidays, not doing sprints and their cost goes elsewhere). CE and Program Execution, done well, are the keys to success! Michael Dell — when he was starting up ‘Dell Computers’ — legend has it that he asked his parents to buy him a computer (not cheap in those days. Date: 05. Make your “Cost Per Story Point” stable. An NFR was once a Story… an Enabler (a type of a story) to ‘enable’ — like a needed piece of the puzzle to complete the picture — a certain functionality; then once the NFR is built, it becomes a constraint to the backlog. After some sprints, you see that the team can do about 60 story points per sprint. 8 Summary of Costs for the WebPayroll Team Measure Cost Cost per story point 675 Cost per week 6,750 Cost. 3-4 WebPayroll Revenue Example Noura Semary CCIT 413 Outline Let’s apply the revenue and costStudy with Quizlet and memorize flashcards containing terms like Applies basic scientific practice, ART Should have a max of how many people?, Market/Customer facing and identifies market needs and more. After working with story points for a bit, teams often realize they can calculate the team’s cost per point. We do this because people are really good at comparing sizes, but not at. The Cost per Story Point model. We provide complete software development support within a managed, Agile framework. We provide complete software development support within a managed, Agile framework. It usually. They're also similar in that they both use a scale from 1 to 10, with 1. v/n will give you Points Per Dev (ppd) so x/v = Cost Per Point. Here at RubyGarage we use Fibonacci sequence numbers. The estimate does not mean, ‘it will take us this much time to build this thing. Here are potential Stories that we could uncover as we flesh out the feature/use case: 1) As a potential customer, I want to be able to sign up for an account so that I can avail of the products and services being offered. Sprint two: 4 user stories x 8 story points = 32. packaging costs. planning Sprint Review SSM 5. Today, we dive into an. When talking about cost per story point it is important to take note of certain events and it is important to understand the basic steps associated with the process. To get a personalized quote for the community using their recent pricing estimates, please use the “Get Pricing” link above. g. 5 Minute Quick Scrum Guide – Should I Use Story Points Or Hours? March 15, 2021 scrumexpert Articles, Knowledge 1. Solutions available. Some. 42 Reviews. Love. 4 fingers — like the idea/plan. Before calculating your Story Points, you’ll need to assign approximate values for each point. If you are going to estimate with use case points, it is definitely worth starting a project repository for this type of data. When the customer asks to change a requirement, estimate the cost it has and compare it to the actual cost and state. So what does a feature cost? Most Agile teams estimate in story-point. vasquezlauren. These two stories are complex user stories carrying 8 story points each. Feature A 8SP = 8. item 1 = 50 points item 2 = 30 points item 3 = 30 points item 4 = 40 points. answered Apr 26, 2021 at 6:17. a. The size (effort) of each story is estimated relative to the smallest story, which is assigned a size of ‘one. Remember, like velocity, it's never valid to. . Jun 15, 2021. There are a number of ways a cost per point can be useful. 6 or 2. t the average cost per story point. Sep 28, 2021. The cost. This corresponds to the initial assumption that Superstar is 4 times as productive. So I proposed the following (added hours for guidance): 0. Total = 96. I tried 2 different variations and no success on either: Option 1:. Measuring cost per story point will force you to continuously monitor and improve velocity estimates. The starting price at Storypoint Middletown is $1,995 per month. Written by HomeAdvisor. If I then want to understand the “cost” of a feature I can take the normalised points estimate from PI Planning and multiply it by the cost per story point and I will have a pretty good. We know that the development team generally completes 50 story points per iteration. Calculating a cost per story point comes with risks. E. Two simple metrics that tell a powerful story about how we treat our customers and the impact on profitability. per story point and, based on the completion an If the same people are consistently a) working on the same project and b) working with the same team, estimates members will have a common basis for their scores and a clearer understanding of what the team can and Graphing Planned Value (PV) = (Planned average cost per story point) x (Planned number of story points to be completed at a specific point in time, as per the original plan) A scrum team has just completed their fourth sprint with the average velocity of 25 point. Sprints in your company are 4 weeksThis gives an estimate of the cost per story point for the subject teams affected by the new feature. While teams will tend to increase their velocity over time—and that’s a good thing— in reality, the number tends to remain stable. To forecast the budget for an Agile project, calculate the cost per point which is the sum of loaded team salaries for period n / points completed in… Coins 0 coinsFor example,1 Story Point could represent a range of 4–12 hours, 2 Story Points 10–20 hours, and so on. 1. Welcome to the intriguing world of agile development where terminologies like ‘sprints’, ‘scrum’, ‘backlog’, and ‘story points’ govern our conversations. On average, your company can complete an 8-point story in 1. Go / No-Go: (Go, or No-Go recommendation) Estimated Story Points (MVP): (Estimated story points for the MVP of the epic) Estimated Monetary Cost (MVP): (Example: Estimated story points * cost per story point for MVP features) Type of Return: (Market share, increased revenue, improved productivity, new markets served, etc. At the end of 1 st iteration, story points completed were 20 story points. That’s a bad rule of thumb. Based on the preceding example, a year’s worth of three week sprints (17) costs around $864,000. These three approaches were assessed for how accurately they can predict future costs on a monthly basis. Result 1 story point “costs” 1. Share. 7, and that’s fine. 35% reduction in cost-per-story-point; 260% online registration member adoption to ROI goal and many more; To gain insights on how the client managed to transform from where they were to the marked increase in output of +25% during the transition year itself, download the case study. 2. Jeremy White posted images on LinkedInThe path toward 360° value starts here—featuring our most provocative thinking, detailed research and compelling stories of shared victory. During sprint planning, each story is broken into tasks to be performed; database update, java interface needs to be updated, update unit level tests, etc. From the velocity chart above we determined this team delivered 167 story points. g. Tip: Once you’ve determined your team’s velocity, use that number to distribute story points and see how many sprints it will take your team to complete an entire project. But story points is not a system that’s ready to go right away. Cost per story point. Therefore, 1 point takes 3. 3 ended up being 35 at this time. Elections How a flood of congressional retirements is rocking the. Combine it with cost per story point for. In the next sprint we do the same over and over again. One statement in many languages could be written in 6+ lines if that is done. TeamCost: For the cost you take the full cost of the team and calculate what the team costs per Sprint. Benefit/cost in terms of points. Considering an average velocity of 30 Story. Funny. Consistently increased velocity and reduced cost per story point for 15 consecutive sprints through coaching and implementing world-class processes and procedures. Calculate the average burdened cost of the team for a PI 2. For example: Let’s say a set of stories for a business was delivered in a year…and the aggregated story points is, say, 2,000 points. As teams continue to mature they realize they canVSO VaaS offering makes the cost of DevOps predictable by fixing the cost per story point for DevOps support. There are several reasons why story points are often an unreliable strategy for planning sprints and providing sufficient information to stakeholders. Calculate the burdened cost for a team in an Iteration length Divide that by their Pl velocity to get average cost per Story point. On the other hand, an item assigned 13 Story Points means it is very complex and could take multiple weeks to complete. A container for other techniques and methodologies. Nearby access to 1 grocery store and. 6 or 2. 00. The team’s product owner can use this cost per point to make decisThis team of 2 has an average velocity of 25 story points per sprint. Relative Estimating, Velocity, and Normalizing Story Point Estimating. Whereas it’s almost impossible to estimate a User Story in hours without the defined data model and precise requirements, Story Points help you understand the scope of work, at least on a high level. The team’s product owner can use this cost per point to make decisions. Once the Feature has been estimated in Story points, a cost estimate for the Feature can be quickly derived. We know that the development team generally completes 50 story points per iteration. Velocity reminds managers of dropping the default value of full 40 hours per developer weekly, as story points take into account all aspects not necessarily covered in time estimations. Perfect for high-level estimation. 2020 (BT/BT/T/BT/AT). The Math Doesn’t Add Up. Story points are units of measure for expressing an estimate of the overall effort required to fully implement a product backlog item or any other piece of work. Simply add up the total of story points completed from each sprint, then divide by the number of sprints. Repeat the process for a few sprints. And this is in line with the. A get() and put() function to read/write values from the summary dataframe object; An autolabel() function to draw values above bar graph elements . You don't convert story points into money. Thank you for the example. VSO VaaS offering makes the cost of DevOps predictable by fixing the cost per story point for DevOps support. The planned average cost per story point = USD 100 per story point. View full documentSAFe 5. Average housing cost: $1,203 per month. 20 stories @ 5 points each = 100 story points. Estimate without specific time-commitments. Objectives contribute to various degrees to planned enterprise returns. Title: 2016_09_19 Rubin - The Agile Value Chain (Final). Here's what you need to know. Result 1 story point “costs” 833€. For example, let’s say that your team finishes 50 story points in 2 sprints. This can be considered as an abstract measure of the effort in terms of relative complexity. planning Sprint Review SSM 5. Several relevant metrics will be examined, including cost per story point, cost per requirement, scope growth rates, impacts of team size changes on velocity and productivity, and various others. You can apply the same to release backlog to improve your prediction of release date. Hours per Story Point – Patient Kiosk. On a hypothetical note, let's say each Resource cost is USD 10/per hour. Bottom line: It costs $27,156. Identifying the cost in dollars of a specific story is a slippery slope, but I think we can do it at a sprint level with reasonable. The cost of assisted living starts at $3,459 per month and includes a choice of studio or one-bedroom apartments, as well as utilities such as WIFI, gas, electric, and water, and many more convenient features. This report monitors velocity trends offset by adding or removing team members (e. If you know how much the team costs you, and hence how much you want to bill them out for, you can calculate a billing rate per story point by dividing the team rate by their average velocity. so, instead of basing the assessment score on a moving target (i. 000€. By Clarence Galapon. estimates for cost per story point (Agile) or function point (classical CMMI or waterfall methods). Story points aren’t meant to be precise – they’re estimates. For example, suppose a team’s cost per point is $2,000. On average, your company can complete an 8-point story in 1. Note that the scale of points does vary between scrum teams. In his book, "Principles of Product Development Flow", Donald Reinertsen wrote about the "Principle of Variability Pooling": "The Principle of Variability Pooling:. Total views 100+ University of the Incarnate Word. The cost of a software development effort is a function of the team for a period of time, perhaps considering. $5,417/mo. CE is at the program level… features are at program level…. 1 sprints. Click here for CSPO. o The backlog must be pointed (or have Story Points assigned). We use the entire amount of work to be completed and our total planned budget for the whole project for this calculation. I’ll describe two. KR: Improve NPS from x to y. It’s the total completed story points divided by the total number of sprints. <br />What is the estimate to complete the remaining work? Story Points Per Sprint. You can use this $/point to gauge in dollar terms the value delivered. 2 fingers — concerns but let’s go! 3 fingers — support the idea/plan. E. 00. – Syndic. You might also find it interesting to read about 5 whys root cause analysis article. 2 hours (80/25). Regularly update your customer with fair and realistic estimates. dollar cost per story point) To calculate opportunity & innovation costs to the business: Figure out how much revenue each employee at your company is responsible for driving. OPERATE. We provide complete software development support within a managed, Agile framework. Study with Quizlet and memorize flashcards containing terms like Applies basic scientific practice, ART Should have a max of how many people?, Market/Customer facing and identifies market needs and more. Just as the technical team is required to estimate the effort that will go into a project, a marketing or product management team should estimate the benefits of doing the project. The product owner can reasonably assume the team will need 10 iterations (give or take) to complete the required work. COGS. Business Value is fleeting). Breaks, daily meetings, and. fulfillment costs. Team iOS. Only three clubs have previously been docked points in Premier League history. e. Let the full team estimate and discuss to get all the uncertainties on the table. Storage costs in a time period. 5 (Cost per Iteration ÷ 20) TABLE 10. The average cost of Salesforce Implementation depends on complexity, size, level of customization, number of users, and many similar factors. Linden Square Assisted Living is a memory care, respite care, and assisted living community in Saline, MI. In a number of posts, including Enterprise Agility – The Big Picture(5) The Release Revisited I’ve commented on the desirability of separating Internal Releases (or Potentially Shippable Increments) from External or General Availability Releases. By Megan Harwood-Baynes, cost of living specialist. SAFe drew the NFR as a gray oblong shaped figure under the backlog… this is to indicate that NFR is a. Repointing brick costs slightly less, from $3 to $15 per square foot (or $300 to $1,500 for that same 100-square-foot brick section). One of the concepts new scrum teams struggle with is how to relate story points and hours. Cost per Iteration 13,550 WebPayroll team 2-Week Iterations (26 per Year) Velocity (Story Points per Iteration) 20 Cost per Story Point: 677. Cost per story point = Cost of resources based on the effort spent / Story points per week. 0 Stakeholders standards Starbucks Stay Hungry Steps to Value stop the work Story Story Breakup Story of Self, Us, Now Story Points Strange Strategy Stretch Objective style Subconcious Mind Success Summer Sun Tzu Superstar. 99. T-shirt Sizing is one of the Story points sizing technique to estimate user story usually used in agile projects. So, the baseline velocity for a sprint of. It is tempting to view this number as a fixed cost that can be applied across multiple teams and projects. A method for use in a computer of generating a cost associated with performing a request for a service using computer software, the method comprising: generating metadata associated with the cost of a plurality of portions of the computer software, the metadata including an identifier associated with each of the plurality of portions of the computer. Shout out to this reddit group for introducing me to PMPrepcast Exam Simulator after I failed my first attempt in Dec. There are a number of ways a cost per point can be useful. Calculating a cost per story point comes with risks. Things don’t always go according to plan, even in an Agile project. As a part of sprint planning, new teams should perform a task breakdown. - Frequent: problem is recurrent and common (e. People want an easy answer, such as “one story point = 8. So what does a feature cost? Most Agile teams estimate in story-point. Combine it with cost per story point for. View Templates Summary Story points are an estimation technique used in Agile project management methodologies to help your team scope the effort required to. One last thing we need to know is the cost per point. The second employs a cost per story point metric, and the third leverages a three month rolling average cost per story point. In his article on why Story Points are better than hours he puts it like this: Story points are therefore faster, better, and cheaper than hours and the highest performing teams completely abandon any hourly estimation as they view it as waste that just slows them down. The first of the three approaches utilizes a cost per month metric. However, to be able to do this once you have started you will need to be using normalised estimation, know the labour cost of your ART and. ) Business Outcome Hypothesis: (Describe how the success of the Epic will be measured: for example, 50% increase in shoppers under 25; Availability increases from 97% to 99. Simply add up the total of story points completed from each sprint, then divide by the number of sprints. Here’s a breakdown of everything that adds to the total cost of replacing a roof. VSO has VSQOD teams managing environments from multi-cloud to traditional infrastructure to contact centers through our Mpathic. Key points. Finally, the Story Point. That’s a great goal. <br />What is the estimate to complete the remaining work?Story Points Per Sprint. The team costs 25. If you know your team can usually complete 240 story points per sprint and each story point costs $300 you can project that value forward for an entire year. The cost of livin. Measure customer satisfaction vs total cost of ownership and try to continuously improve. Additional work may be necessary when teams are distributed in differing geographic locations, as that can result in a highly varying cost per story point for individual teams. They may both take the same amount of time to complete the work item. Story Point Effort Performance Indicator (SPEPI) Definition SPEPI (aka CPI, sprint-wise) indicates if the ongoing project release is currently on budget, depicting deviation in planned effort per story point to the actual effort per story point. But we’ll never know if the task’s exact size is 1. Like. Average ( per hour ) $ 45. Share. Solar energy saves $600 to $2,000 per year on electricity costs. A story could be a ‘User’ type — a story that directly. 5 times the size, it may be 3 points. Accelerate your business with DevOps - AucklandCalculating the cost of a sprint can be a complex task. To determine the cost per point, divide the total cost ($160,000) by the number of points (167) and get $958 per point. Cost of a Feature • Initial estimates… which can change over time • Hypothetical Salaries of those working on the project 150,000 Product owner Project manager Programmers Testers Database Engineers Analysts User Interface Designers et al. Calculation of Cost Estimation of Story Point While calculating the cost estimation based on story points we will suggest having 3 sprint data for better. The Typical Process. Often the best way of achieving a goal is to focus on the intermediate goals that lead to the ultimate goal. Support. It can be computed by multiplying the cost per story point with the total estimated effort. However, when it comes to estimating app development costs, they’re less convenient. The formula for cost estimation is as: Cost= ( (Man hours in sprint x average salary per hour) / average velocity) x number of stories. [Issue Story Points]*250. This overall cost to build a house will vary due to region, home type, size and desired home features or luxuries. Benefits can come in the form of additional sales,. Fibonacci. One of our coaches worked with that team for several weeks, teaching and coaching them in traditional agile practices, including the use of story points. The team then brackets that list using its current velocity to yield a “current estimate” of the project, as shown in Figure 5. To calculate hard costs using JIRA story points: (# of open PRs [1]) x (story points for each PR) x (avg. Knowing this in advance, the team only commits to a maximum of 36 story points during iteration planning. For a personalized quote, please use the “Get Pricing” link above. The costs for the epic "super feature" are estimated at 15400€. Teams assign story points relative to work complexity, the amount of work, and risk or uncertainty. Updated August 8, 2022. Again for next sprint we will use hrs only when needed because we still use story points covered on an average per unit of hour to calculate. Oct. Previous Previous post: Food for Agile Thought #312: The Micromanager, Ralph Stacey (1942-2021), Jeff’s HiPPOism, Cost per Story Point? Next Next post: Food for Agile Thought #313: The Problem-Solving Trap, Suitably Detailed Roadmap Items, Beloved Definition of Done, Miro’s Product Alignment Framework. Obj: Achieve and Maintain great Customer Experience. Agile allows for fast and efficient delivery of user capability, enabling access to what the user considers their. To keep things simple, the hourly cost can be calculated from the average cost of all the team members’ hourly cost. OPERATE. Each iteration the teams completes a number of story-points and the average is their velocity. 3 million. Read. Looking to create a calculated value where by multiplying the actual total story points resolved by a fixed dollar amount. The actual numbers don’t matter — you could assign values between 1,000,000 and 5,000,000 if you want. Step Two: Multiply the weekly cost of the sprint by the length of the sprint. Here’s what to do. However, to be able to do this once you have started you will need to be using normalised estimation, know the labour cost of your ART and. An NFR was once a Story… an Enabler (a type of a story) to ‘enable’ — like a needed piece of the puzzle to complete the picture — a certain functionality; then once the NFR is built, it becomes a constraint to the backlog. Feature A 12SP = 9. Story # x with xx points Total Sprint 6 Points:. Welcome to the intriguing world of agile development where terminologies like ‘sprints’, ‘scrum’, ‘backlog’, and ‘story points’ govern our conversations. Their product owner could then estimate that a 10-point product backlog item will cost about $20,000. In general, the more square footage your home has, the higher your cost will be, with steeper roof pitches resulting in more square footage on the. ppt from EFJKENJKDB 101 at Jeddah College of Technology. Why and how. 78. Accenture's Chris Palmisano explains why points-based procurement may be doing more harm than good for the federal government. Introduced In 1995 at a conference presentation Foundation is The empirical process control theoryOR Empiricism (knowledge comes from experience and making decisions based on what is known. Story points aren’t meant to be precise – they’re estimates. Total = 96. Actual cost, collected from the start of development, is needed for all three approaches. , burn) of running a team for a sprint by the number of story points delivered in the sprint. The need for story points emerged from the inherent imprecision of software estimation, which leads to endless hand-wringing over how many hours a task will take, usually leading to an estimate that’s wrong anyway. Make your “Cost Per Story Point” stable. WSJF is the best way to estimate stories Story points are arbitrary and it can be difficult to compute a team cost per story point User stories can be estimated from the top-down More than one team may be involved in the estimation Story point estimation is done on cadence during backlog refinement . Story points are used to help organize a project backlog. The estimate is a starting point, a best guess, from which the Story — even. Total cost per week = 8 (team size) * 80 (rate in $) * 40 (hours/week) = 25,600$Estimated Story Points (MVP): (Estimated story points for the MVP of the epic) Estimated Monetary Cost (MVP): (Example: Estimated story points * cost per story point for MVP features) In-house or Outsourced Development: (Provide recommendations for where the Epic should be developed) Go / No-Go: (Go, or No-Go recommendation) Estimated. According to data from iCandy, UK. The term originates from the way T-shirt sizes are indicated in the US. Solar panels cost $2. If I assume I have constant team size and can assume a proxy cost per team ~ 100,000 then I can use this formally to understand how much each point per sprint is worth. Study Agile Software Development: Communication flashcards from Charl Swart's class online, or in Brainscape's iPhone or Android app. Let's… | 26 comments on LinkedInAgile project budgeting moving from cost per hour to cost per story point; The Product Owner - The Unsung Hero; Like. UK pledges £30m of extra aid funding for Gaza as foreign secretary continues visit to region. Get Pricing. 50 million, and FB = 28. The team costs 25. The same example with story points: The team estimates the size of the user stories. The sociological theory of a generation gap came to light in the 1960s, when the younger generation seemed to go against everything their parents had previously believed in terms of music, values, governmental and political views, and cultural tastes. 000€. Looking at story pointing I am noVSO VaaS offering makes the cost of DevOps predictable by fixing the cost per story point for DevOps support. The cost per story point can be derived by identifying the number of work hours of each story point, multiplied by the hourly cost. 7 million in its coffers, and in 2019, it had $28. However,. Divide total cost by number of story points delivered, and you have your cost per story point. I’ve tried all manner of KPIs and objectives and key results, and I always return to the humble story points per sprint. Good stories provide Value! In SAFe, there are two story types: User and Enabler. . [9] It’s fun — Story-points method makes. To determine the cost per point, divide the total cost ($160,000) by the number of points (167) and get $958 per point. Create a project estimation template.