Guide on Relative Mass Valuation

The Relative Mass Valuation is an advanced estimation technique, which is very important in project management because it is a practical way to understand the relative size, effort or complexity of different tasks or pieces of work within a project.

What is it? Relative Mass Valuation is a method in which sizes or values are compared in relation to other sizes or values instead of absolute numeric quantification. It's a kind of comparative analysis. Instead of a direct measurement of each product or component's size, they are compared relative to each other.

How it works? In a project context, each task is compared to others and assigned a relative mass. However, it's not just about size - effort, complexity, and risk might also be factors considered.

How to answer questions regarding Relative Mass Valuation in an exam? Be clear in explaining what relative mass is, how it works, and why it is used. Use practical examples to illustrate your points, and keep your explanations clear and concise.

Exam Tips: Answering Questions on Relative Mass Valuation
1. Understand the concept thoroughly. Know the difference between empirical measurement and relative mass valuation.
2. Use project-related examples in your answers.
3. Try to explain the practical implications and benefits of using relative mass valuation – such as how it can aid in project management planning and estimation.
4. Familiarize yourself with the common types of questions about relative mass valuations that are typically asked in exams.