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Estimation Techniques

Techniques for estimating project parameters

Estimation techniques involve the methods and processes used to estimate certain quantities such as the costs, resources and timescales required for a project.

Concepts covered: Vendor Bid Analysis, Monte Carlo Simulation, Cost of Quality, Reserve Analysis, PERT Estimating, Delphi Technique, Heuristic Estimating, Analogous Estimating, Function Point Estimating, Top-Down Estimating, Expert Judgement, Three-Point Estimating, Parametric Estimating, Bottom-Up Estimating

Time: 5 minutes   Questions: 5

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