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Successful Project Management by Michael S. Dobson

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4

Estimating the Activities

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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, ...

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