I was in a meeting today with a consultant (consulting us on internal procedures) and we went through an exercise of planning out the next three months of development. I'm not opposed at all to doing this, I think it is essential to have an understanding of what is coming next, in what order, and their relative magnitudes. I also think it is great to set goals for what you'd like to get done by certain dates. But I've always thought, to the disagreement of this consultant and some of my team members, that trying to put time estimates (even loosely in days and weeks) on implementing features (that have not been spec'd out, or even discussed at length) is a completely pointless and futile task. In my experience, by the time I get to working on it, the feature will have changed drastically or involve so much more than I could have known.
Am I off base and missing the value in spending time and energy coming up with a guess that in 2 months it'll take 8 days (taking into account HL) of my time to implement FeatureX?