Estimating Techniques for Projects
Course Length: 1 Day
Projects that start out with poor estimates are doomed to failure. Yet,
there is no question that estimating work is difficult because it is
partially an art and partially a science.
The “science” component, consisting of formal estimating techniques and
formulas, can be learned and applied with practice. The “art”
component, consisting of making decisions without all of the facts, and
accounting for the people side of the equation, is more difficult to
The objective of the this course material is to allow each participant
the experience of basing as much of the estimate as possible on the
“science” side, while also applying sound judgment and valid techniques
to the “art” side of estimating.
Overview of Estimating
Why is Estimating Important?
Pitfalls to Estimating
- Five Rules of Estimating
- Program Evaluation Review Technique (PERT)
- Level of Productivity
Effort, Duration and Cost
Developing the Estimate Package