What is an Executive Summary Report?
17053 items found
The Resource-Critical Path is a technique to find why the end date of a resource-constrained, workload-leveled project is what it is. The technique differs from the Critical Path technique because the Resource-Critical Path incorporates not only the logical dependencies but also resource dependencies. A resource dependency is when an activity (B) o...
The 1%-10% Rule is used to determine the proper level of detail while breaking down the work of a project. The rule states that the lowest level of activities in the WBS of a project should have a duration no less than 1% of the project duration and not more than 10% of the project duration.
One of Merriam-Webster’s definitions of nag is “to annoy (someone) with repeated questions, requests, or orders.” Nagging can become an art form in project management - striking the right level of annoyance is critical; you want to encourage action, but not significant frustration or avoidance. Project managers frequently have to find a unique and subtle balance with many different project participants, so having a number of different approaches in your skillset is advantageous. Being able to nag effectively, by varying approach and using humor, can have a big impact on project outcomes.
Parametric Estimation as the name suggests is based on parameters, a number of units you need to do. In many cases based on industry published tables, then adjusted by region and season. Some large organizations have built detailed historical data that can be used.
Bottom-up estimating involves the estimation of work at the lowest possible level of detail. These estimates are then aggregated in order to arrive at summary totals. By building detailed cost and time estimates for a work package, the probability of being able to meet the estimated amounts improves substantially.. Bottom-up estimates take more time to complete, but they also are more accurate than either analogous or parametric estimates.
3-Points is a technique that involves people that are professional in the task we are estimating by this technique. In three-point estimation, three figures are produced initially for every distribution that is required, based on prior experience or best-guesses: