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Practice Standard for Project Estimating by Project Management Institute

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CHAPTER 3

PREPARE TO ESTIMATE

This chapter covers the Prepare to Estimate stage of the estimating life cycle and focuses on the creation of a project estimating approach. The objective of Prepare to Estimate is to outline the fundamental inputs, activities, and outputs with regard to the appropriate planning for estimates.

This chapter includes the following sections:

3.1 Introduction

3.2 Inputs

3.3 Activities

3.4 Outputs

3.5 Considerations

3.6 Summary

3.1 Introduction

Before a project estimate can be created, it is critical to document the project estimating approach. Documenting the approach helps the project manager to consider the many factors involved in the project estimating process. Documenting an estimating approach also helps to ...

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