Parametric Estimation is an estimating technique which uses bottom-up approach to calculate estimated cost and duration based on inputs from historical data and project parameters. It is calculated based on mathematical relationship between historical data and other variables such as product output per day and cost per unit.
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Apportionment method is also known as analogous estimating, uses historical data of past projects that are relatively standard to allocate duration and costs to various segments of the current project. This is performed by assigning percentages of the total planned duration or costs to each segment. It is commonly used in projects that are relatively standard with minimal variation. The percentages are assigned with close reference to past projects' resources and costs allocation.
As the New Year approaches, it is a hectic period of work completion and initiation for many organizations. But strategic planning and project delivery should be a continuous, ongoing process based on specific customer needs and market realities, not a calendar on the wall.
Finding ways to get someone to do something is always much harder, more time consuming and expensive than simply finding people who want to do what you want them to do anyway. There is a recipe for activating this intrinsic motivation, and the ingredients are autonomy, competency and relatedness.
It’s time to check out what the latest IT and project management-related surveys are indicating on the states of CIOs, IT salaries, IP spending, cloud computing, project management and more!
Innovation is much more than an executive and marketing buzzword; it can be a serious bottom-line contributor. This is beginning to create challenges for program and project managers. PMs are certainly much more in the spotlight...so we need to prepare.
October 2018 Book Club Q&A Closing Webinar - The Practitioner's Guide to Project Management: Simple, Effective Techniques That Deliver Business Value
Closing Q&A webinar for October 2018 Book Club on The Practitioner's Guide to Project Management: Simple, Effective Techniques That Deliver Business Value by Lynda Carter. About the book: The Practitioner's Guide to Project Management provides simple, effective techniques in a way that encourages collaborative conversations with key resources and delivers business value. Book highlights include: 1. Foundational techniques - the value they provide and the questions they help answer 2. Role and responsibility clarity for key project players across the life of a project 3. Explanation of project management deliverables - their purpose, content and tips on how to create them 4. Recommendations for collaborative planning workshops 5. Answers to common questions about applying project management techniques
Lean Six Sigma techniques can be used at a smaller scale, but to be successful it needs to be adapted to the specifics of IT projects. This presentation is based on a real case study, using Lean Six Sigma to measure the impact of process improvement initiatives in a hybrid project delivery environment.
In the latest installment of this nomadic series, our author passes the baton to his manager—who shares what it's like to manage an unanchored PM...and why you might want to experience it first hand.