Advanced Project Management - Project Estimating Techniques
Overview/Description
Target Audience
Expected Duration
Lesson Objectives
Course Number
Overview/Description
Advanced Project Management: Project Estimating Techniques teaches learners how time-box and analogous estimates are used, how to use life-cycle projections, and how the Modified Delphi method is used. It also teaches how to calculate PERT estimates and how function point analysis and forecasting are used. In addition, it covers how to avoid common estimating mistakes and how orders of magnitude help gauge the accuracy of estimates. Finally, it teaches steps for explaining estimates to stakeholders, how to document estimates, and how to improve them.
Target Audience
Project managers who are responsible for managing all aspects of a project from start to finish, for managing multiple projects, and for maximizing utilization of resources to achieve the project goals. It is recommended that individuals take the first course in the series or have equivalent knowledge.
Expected Duration (hours)
2.0
Lesson ObjectivesAdvanced Project Management - Project Estimating Techniques
Identify the description of a time-box estimate
Identify the description of an analogous estimate
Given a set of information, use life-cycle projection to calculate a estimate
Identify the description of the modified Delphi method
Calculate a PERT estimate
Identify the description of function point analysis
Identify the description of forecasting
Identify the guidelines to follow when estimating
Match the orders of magnitude with their correct descriptions
Sequence the steps for explaining estimates to stakeholders
Identify information you should document for an estimating database
Course Number:en_US_41513_ng