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Time and Resource Estimation
1. Make Decisions
2. Schedule our Work
3. Determine How Long the Project Should Take
4. Determine Much the Project Should Cost
5. Determine If the Project is Worth Doing
6. Develop Cash Flow Needs
7. Develop Project Baselines
Risky Time Estimates
Too-Low
Risky Time Estimates
Too-Low
Risky Time Estimates
Too-High
Risky Time Estimates
Too-High
Our Project Project B Project C Project D
Project E Project G
Time and Resource Estimation
Top-Down (Macro)
Activity
A
Activity
B
Activity
C
Activity
D
Activity
E
Activity
F
Bottom-up ...
Time and Resource Estimation
Time estimation techniques in project management
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Time estimation techniques in project management

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Overview of time estimation techniques in project management. From Project Management Fundamentals, a new type of textbook designed to be: granular, easy to use with a "flipped" classroom approach, and designed for electronic distribution on iPads, kindle readers, and PCs/Mac. Find out more at http://pmf.education/

Published in: Engineering
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Time estimation techniques in project management

  1. 1. Time and Resource Estimation
  2. 2. 1. Make Decisions
  3. 3. 2. Schedule our Work
  4. 4. 3. Determine How Long the Project Should Take
  5. 5. 4. Determine Much the Project Should Cost
  6. 6. 5. Determine If the Project is Worth Doing
  7. 7. 6. Develop Cash Flow Needs
  8. 8. 7. Develop Project Baselines
  9. 9. Risky Time Estimates Too-Low
  10. 10. Risky Time Estimates Too-Low
  11. 11. Risky Time Estimates Too-High
  12. 12. Risky Time Estimates Too-High Our Project Project B Project C Project D Project E Project G
  13. 13. Time and Resource Estimation Top-Down (Macro) Activity A Activity B Activity C Activity D Activity E Activity F Bottom-up (Micro)
  14. 14. Time and Resource Estimation

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