Practice Standard for Project Estimating

✍ Scribed by Project Management Institute, Inc. (PMI)

Publisher: Project Management Institute, Inc. (PMI)
Year: 2011
Leaves: 77
Category: Library

No coin nor oath required. For personal study only.

✦ Synopsis

This book describes the life cycle stages of project estimating. It details the aspects of resources, durations, and costs, and explains the concept of progressive elaboration--continuously refining and improving a plan as a project evolves.

This practice standard provides guidance for applying a sound estimating discipline for the life of a project and specifi cally treats estimating as a living process within projects. Effective project management requires consistent and repeatable processes and methodologies to manage the constraints of scope, time, cost and quality to ensure project success. This standard is a guide and reference for the project manager, project team, and other stakeholders, for understanding the project estimating discipline and applying it appropriately in a project.

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