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Practice Standard for Project Estimating by Project Management Institute

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APPENDIX B

EVOLUTION OF PMI'S PRACTICE STANDARD FOR PROJECT ESTIMATING

B.1 Pre-Project

In late 2006, PMI began exploration for developing the first Practice Standard for Project Estimating. The focus would be placed on providing information that is generally recognized as “good practices” rather than “standard practices” and is applicable to most projects most of the time. The project itself was divided into two major phases: research and development. The research phase started in late 2006 shortly after the formation of the core team and was directed at performing a global scan of the available bodies of knowledge in the industry. The result of the research phase brought a significant depth of information regarding the science of estimating. ...

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