Upon completion of this chapter, you should be able to:<objective>
Identify challenges in accurately estimating time and cost</objective> <objective>
Articulate the value of accurate estimates</objective> <objective>
Identify numerous techniques to improve estimating</objective> <objective>
Explain three-point estimating</objective> <objective>
Explain Monte Carlo analysis</objective> </feature>
Estimating project requirements is a science. Accurate estimates are important because they are a key metric in determining if the project was a success.
Many project managers create time and cost estimates without much support for the process, primarily because the estimates they ...