Practice Standard for Project Estimating - Second Edition

Table of contents

1. Cover Page
2. Title Page
3. Copyright Page
4. Notice
5. Table of Contents
6. List of Figures and Tables
7. 1. Introduction
   1. 1.1. Purpose of this Practice Standard
   2. 1.2. Project Estimating Definitions
   3. 1.3. Scope of Project Estimating
   4. 1.4. Project Estimating and the Project Management Practice
   5. 1.5. Relationships among this Practice Standard and Other PMI Standards and Knowledge Areas
      1. 1.5.1. The PMBOK® Guide
      2. 1.5.2. Practice Standard for Earned Value Management
      3. 1.5.3. Practice Standard for Work Breakdown Structures
      4. 1.5.4. Practice Standard for Scheduling
      5. 1.5.5. The Standard for Risk Management in Portfolios, Programs, and Projects
      6. 1.5.6. The Standard for Program Management
      7. 1.5.7. The Standard for Portfolio Management
      8. 1.5.8. The Standard for Organizational Project Management (OPM)
      9. 1.5.9. Navigating Complexity: A Practice Guide
      10. 1.5.10. Agile Practice Guide
      11. 1.5.11. The PMI Guide to Business Analysis (Includes: The Standard for Business Analysis)
   6. 1.6. Summary
8. 2. Concepts
   1. 2.1. Overview
   2. 2.2. Estimating Roles
   3. 2.3. Estimating Life Cycle Stages
   4. 2.4. Evolving Estimates
   5. 2.5. Use of Metrics and Available Data
   6. 2.6. Estimation Variances
      1. 2.6.1. Predictive Life Cycles
      2. 2.6.2. Adaptive Life Cycles
      3. 2.6.3. Portfolio Estimate Variances
   7. 2.7. Characteristics of an Estimate
   8. 2.8. Industry-Specific Practices
   9. 2.9. Case Study
   10. 2.10. Summary
9. 3. Prepare to Estimate
   1. 3.1. Overview
   2. 3.2. Prepare Project Estimating Approaches
      1. 3.2.1. Inputs
      2. 3.2.2. Outputs
      3. 3.2.3. Considerations
   3. 3.3. Case Study
   4. 3.4. Summary
10. 4. Create Estimates
    1. 4.1. Overview
    2. 4.2. Use of Quantitative Estimating Techniques
       1. 4.2.1. Analogous Estimating Techniques
       2. 4.2.2. Parametric Estimating Techniques
       3. 4.2.3. Bottom-Up Estimating Techniques
    3. 4.3. Use of Relative Estimating Techniques
       1. 4.3.1. Relative Estimating Technique Inputs
       2. 4.3.2. Relative Estimating Technique Outputs
       3. 4.3.3. Relative Estimating Technique Considerations
    4. 4.4. Use of Qualitative Estimating Techniques
       1. 4.4.1. Inputs to Qualitative Estimating
       2. 4.4.2. Outputs of Qualitative Estimating
       3. 4.4.3. Qualitative Estimating Considerations
    5. 4.5. Considerations
       1. 4.5.1. Calibration
       2. 4.5.2. Optimism and Pessimism in Estimates
       3. 4.5.3. Progressive Elaboration of Estimates
       4. 4.5.4. Cost–Schedule Interrelationship
       5. 4.5.5. Accounting for Time
       6. 4.5.6. Anchoring
       7. 4.5.7. Machine Learning and Artificial Intelligence in Estimating
       8. 4.5.8. Common Success Factors
    6. 4.6. Case Study
    7. 4.7. Summary
11. 5. Manage Estimates
    1. 5.1. Overview
    2. 5.2. Manage Estimates: A Living Plan Cycle
       1. 5.2.1. Inputs to the Manage Estimates Stage
       2. 5.2.2. Outputs of the Manage Estimates Stage
       3. 5.2.3. Considerations
    3. 5.3. Case Study
    4. 5.4. Summary
12. 6. Improve Estimating Process
    1. 6.1. Overview
    2. 6.2. Assess the Estimating Process
       1. 6.2.1. Inputs to the Improve Estimating Process
       2. 6.2.2. Outputs of the Improve Estimating Process
    3. 6.3. Implement Changes and Share Lessons Learned
       1. 6.3.1. Inputs
       2. 6.3.2. Outputs
    4. 6.4. Considerations
    5. 6.5. Case Study
    6. 6.6. Summary
13. References
14. Appendix X1. The Practice Standard for Project Estimating – Second Edition Changes
15. Appendix X2. Contributors and Reviewers of the Practice Standard for Project Estimating – Second Edition
16. Appendix X3. Case Study: Building a Custom Bicycle
17. Appendix X4. Estimating Tools and Techniques
18. Glossary