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.
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A project is a temporary endeavor undertaken to create a unique product, service, or result. The temporary
Cash flows are used throughout business and in project management as a means of reporting income and expenditure.
PRINCE stands for: PRojects IN Controlled Enviroments , While 2 stands for the version.
5S represents Japanese words that describe the steps of a workplace organization process. English equivalent words are shown in parenthesis.
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:
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.
War Room is a room dedicated to a project to provide communication and collaboration space for a project team. A room used for conferences and planning that is often specially equipped (as with computers, or charts).A room where people meet and exchange plans, ideas, information, etc., in an active way.
What is Negotiation
Agile is sometimes introduced as a cheaper way of delivering projects, products, and services. Unlike the traditional approach of measuring the value delivered based on the planned deliverables, the budget spent, and meeting the critical milestones, Agile doesn't and shouldn't track the delivery in the same way. Agile is a new approach, and traditional project finance management may not be relevant or can become an impediment to agility. Agile is or should be based on trust, and in an Agile organization, most of the financial planning and reporting should not be necessary. However, very few organizations have the necessary conditions to abolish tight financial management. This webinar will propose a few financial management approaches for Agile projects, highlighting the necessity as well as the challenges of each of the proposed models.