Neha Patil (Editor)

Estimation (project management)

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In project management (i.e., for engineering), accurate estimates are the basis of sound project planning. Many processes have been developed to aid engineers in making accurate estimates, such as

  • Analogy based estimation
  • Compartmentalization (i.e., breakdown of tasks)
  • Cost estimate
  • Delphi method
  • Documenting estimation results
  • Educated assumptions
  • Estimating each task
  • Examining historical data
  • Identifying dependencies
  • Parametric estimating
  • Risk assessment
  • Structured planning

    • Popular estimation processes for software projects include:

  • Cocomo
  • Cosysmo
  • Event chain methodology
  • Function points
  • Planning poker
  • Program Evaluation and Review Technique (PERT)
  • Proxy-based estimating (PROBE) (from the Personal Software Process)
  • The Planning Game (from Extreme Programming)
  • Weighted Micro Function Points (WMFP)
  • Wideband Delphi

    • References

    Estimation (project management) Wikipedia
    (Text) CC BY-SA


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