Successful Project Management

4

Estimating the Activities

Learning Objectives By the end of this chapter, you should be able to: • Describe the process of progressively elaborating the initial project plan. • Define the difference between rough order of magnitude, preliminary, and definitive estimates and give circumstances in which each is appropriate. • Explain standard estimating techniques of analogous estimating, expert judgment estimating, Delphi method estimating, parametric estimating, and bottom-up estimating. • Define three-point estimating and the two methods that use it; perform PERT calculations using three-point estimates. • List common issues in estimating, ...