Determine the analogy method of estimating, Project Management

The analogy method of estimating is frequently used to produce broad-brush evaluates at the start of a project. Why this method is mainly suited to such application?

Determining an analogous project on that to base calculates approximately does not need the detailed analysis and work breakdowns needed of other methods and therefore can be used to produce an estimate fairly rapidly. It is particularly appropriate at the start of a project while the decision-makers are probable more interested within knowing what 'ballpark' they are in, quite than having a correct computation of costs and timescales.

Posted Date: 9/2/2013 7:46:20 AM | Location : United States







Related Discussions:- Determine the analogy method of estimating, Assignment Help, Ask Question on Determine the analogy method of estimating, Get Answer, Expert's Help, Determine the analogy method of estimating Discussions

Write discussion on Determine the analogy method of estimating
Your posts are moderated
Related Questions
Give three reasons why this is necessary to plan an IS project in detail before starting work on this. Only the simplest projects that probably imply one developer working for

What are the different between Work and Cost breakdown structure? Different between Work and Cost breakdown structure: Work breakdown structure produces a detailed list of e

What do you mean by differentiation in organisation structure? Differentiation implies differences in cognitive and emotional orientation in between managers in various departm

L Company, a manufacturer of family cars, has invested in a robotic painting system for its cars Ensuring the right quality of paintwork on each car is a critical success factor fo

Question 1: Harvey Maylor discusses a ‘generic' life cycle to help in project management. Explain what is meant by project life cycle and critically discuss the benefits that

Carry out a literature search and write a short report on 'The Human Aspects of Project Management and its Influence on Project Performance'.  Report should be no more than 5 pages

It is essential that you study the list below to ensure that you understand the terminology used in assignment and examination questions. The successful outcome of your assessment

Importance of Project Management as it relates to Information Security Program: Information security means protecting your information and data from unauthorised access, discl

HUSKY AIR ASSIGNMENT—PILOT ANGELS The Quality Management Plan

Advantages of Rules In addition to the general societal advantage of rules referred to above, the organization and its employees can derive the following benefits from the inst