Chapter 6 - Schedule Management

Question 1

What are the different estimating techniques

Answer 1

1) One-Point Estimating = one estimate per activity (can be expert judgement or guess)
2) Analogous Estimating (Top-Down) = high level based on expert judgement (based on historical info)
3) Parametric Estimating = look at relationship between variables on an activity; Can use historical data
4) Three Point Estimating = considers uncertainty and risks

Question 2

2 types of Parametric Estimating

Answer 2

1) Regression analysis (scatter diagram)

2) Learning curve

Question 3

2 Types of 3 Point Estimating

Answer 3

1) Triangular (Simple average) = (P+O+M)/3

2) Beta Distribution (Weighted average) = (P+4M+0)/6

Question 4

Output of parametric estimating. Generally accepted rule or best practice estimate

Answer 4

Heuristics