High level estimate for any project

Set up a dart board. Each point on the dart board represents $1M (1-20). The rings represent the following:

  • The bulls eye is $100k
  • The ring around the bullseye┬áis $300k
  • The next ring out is .6x
  • The outer ring is .8x

Take three darts and aim for the bullseye. Average the scores of the three shots. This is your “high-level” estimate for each project.

p.s. originally read it somewhere and found it reviewing my notes ­čÖé