Risk Projection
What is Risk Projection? Risk projection is the process of estimating the future impact and likelihood of identified risks throughout the lifecycle of a project. It helps project managers anticipate…
Risk Identification
What is Risk Identification? Risk identification is the process of recognizing and documenting potential risks that could affect a project's objectives. It is the first step in project risk management,…
Project Risk Analysis and Management
What is Project Risk Analysis and Management? Project risk analysis and management is the process of identifying, assessing, prioritizing, and managing risks that could impact the success of a project.…
RAD Model (Rapid Application Development)
What is the RAD Model? Rapid Application Development (RAD) is a software development methodology that prioritizes rapid prototyping and iterative development, with an emphasis on fast delivery and frequent user…
Three-Point Estimation (PERT)
What is Three-Point Estimation? Three-Point Estimation is a project management technique used to estimate project parameters (such as cost, duration, or effort) by considering three different scenarios: optimistic, pessimistic, and…
Regression Analysis (Statistical Estimation)
What is Regression Analysis? Regression analysis is a statistical method used to model and analyze the relationship between one or more independent variables (predictors or factors) and a dependent variable…
Parametric Estimating: A Detailed Guide
What is Parametric Estimating? Parametric estimating is a technique used to estimate project parameters (such as cost, duration, or effort) based on known variables or parameters derived from historical data.…
Analogous Estimating Model
What is Analogous Estimating? Analogous estimating is a project estimation technique that uses historical data from previous, similar projects to estimate the cost, duration, or effort required for the current…
Expert Judgment in Empirical Estimation Models
What is Expert Judgment in Empirical Estimation Models? Expert judgment is a key component of empirical estimation models, where the estimation of project parameters (such as cost, duration, and effort)…
Empirical Estimation Models
What are Empirical Estimation Models? Empirical estimation models are techniques used in project management to estimate project parameters (e.g., cost, duration, effort) based on historical data and observed trends from…