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Estimation Techniques

Estimation Techniques

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Document on Project Estimation Techniques
Document on Project Estimation Techniques

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Categories:Types, Research
Published by: Shreekanth Vankamamidi, PMP on Jun 04, 2011
Copyright:Attribution Non-commercial

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03/11/2013

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Estimation Techniques
ShreekanthVankamamidi
 
ƒ
Effort estimates are very critical for any project success.
ƒ
Wrong estimates can severely impact on projects schedules, deliverables and quality.
ƒ
But how to estimate a given activity/task/module/project ?
The best known Estimation techniques:
A
nalogous Estimating
Parametric Estimating
Three-Point Estimating
Confidence level
Reserve
A
nalysis
 
A
nalogous Estimating
The duration is derived from based on earlier performed similar task/activities.
Also called as Top down estimating.
When to use
I
f the information provided is limited
Adva
nt 
ag
es
L
ess time and cost consuming
Di 
s
adva
nt 
ag
es
L
ess accurate

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