Basic Terminologies of Project Management
Lets start with the techniques to calculate Duration
1) Analogous Estimating
2) Parametric Estimating
3) Three-point estimating
Analogous estimating :- Comparing to similar activities on other projects is the concept of this technique. This particular technique requires historical data to compare. www.ebeescorp.com
Parametric Estimating:- Dependent on various parameters used for an activity. Multiplication of base unit of a parameter times of parameter size would give effort.
Three - point estimation:- Here we take pessimistic , optimistic and realistic estimates for an activity.
Schedule Development:- Schedule or Program is a plan for an activity or event. We make schedule for every event of life. The major components are activity.
Free Slack:- The amount of time an activity can be delayed by not affecting successor.
Total Slack:- The amount of time an activity can be delayed without delaying the end of project.
Project Slack:- The amount of time a project can be delayed without delaying other projects.
1) Analogous Estimating
2) Parametric Estimating
3) Three-point estimating
Analogous estimating :- Comparing to similar activities on other projects is the concept of this technique. This particular technique requires historical data to compare. www.ebeescorp.com
Parametric Estimating:- Dependent on various parameters used for an activity. Multiplication of base unit of a parameter times of parameter size would give effort.
Three - point estimation:- Here we take pessimistic , optimistic and realistic estimates for an activity.
Free Slack:- The amount of time an activity can be delayed by not affecting successor.
Total Slack:- The amount of time an activity can be delayed without delaying the end of project.
Project Slack:- The amount of time a project can be delayed without delaying other projects.
Comments
Post a Comment