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.
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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:
Brainstorming Technique – SCAMPER - a divergent thinking tool to generate ideas
Negotiation is a process involving two or more people with conflicting positions. These people attempt to reach an agreement by modifying their original positions. Usually, it requires bargaining in order to reach an acceptable arrangement. The arrangement, however, should not be seen as a win-lose situation. The solution should be mutually beneficial or, in some instances, mutually unprofitable.
Kaizen is a philosophy and practice that sees improvement in productivity as a gradual and methodical process and focuses on continual improvement throughout all aspects of life. Kaizen is a Japanese term meaning "change for the better." The concept of kaizen encompasses a wide range of ideas. It involves making the work environment more efficient ...
What is the PPR Tool?
We all focus on resources, technology etc., we come across the term “Motivation”. But what is Motivation? What are their outcomes? Why it is so important? I will share my experiences that how we got success by motivation.
Risk--The Unknown Circumstances that may be fatal for the project if not dealt earlier. It includes any type of uncertainty viz:-