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Managing Projects for Value by John C. Goodpasture

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CHAPTER 4

Estimating the Future

There is likely no factor that would contribute more to the success of any project than having a good and complete definition of the project’s scope of work.

—QUENTIN FLEMING AND JOEL KOPPELMANEarned Value Project Management, 2000

There are no facts in the future. It is that simple. Only estimates of future events, tasks, activities, and outcomes can be made. Of course, the task of project managers is to deliver value to the stakeholders of their projects, and that delivery will be in the future. So, what can project managers say and do about the value those stakeholders will receive?

This chapter discusses how ...

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