Practice Standard for Project Estimating - Second Edition

3

PREPARE TO ESTIMATE

This section covers the Prepare to Estimate stage of the estimating life cycle and focuses on the creation of a project estimating approach. The objectives of this stage are to prepare to estimate and assure availability of all necessary resources to create the estimate.

The following subsections explain this stage in detail:

3.1 Overview

3.2 Prepare Project Estimating Approaches

3.3 Case Study

3.4 Summary

3.1 OVERVIEW

Before a project estimate can be created, documenting the project estimating approach is critical and usually performed during the initiation phase of the project. Documenting the approach helps the project manager and key stakeholders consider the many factors involved in the project estimating process and ...