Friday, August 31, 2018

Estimation Techniques

Hello everyone. Recently, I was preparing for my PMP certification (which is still going on since last one year and still all modules are not complete) and I came across Time and Schedule Management module, which has one very useful topic of Estimation. The PMBOOK Guide says that we plan for Resource and Activity(s) and to perform Activity(s) we need to estimate the same.

Estimation is the process of finding an estimate, or approximation, which is a value that can be used for some purpose even if input data may be incomplete, uncertain, or unstable.



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