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, …
Project Decomposition Techniques
Regression Analysis (Statistical Estimation)
What is Regression Analysis? Regression analysis is a statistical method used to model and analyze the relationship between one or …
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) …
Analogous Estimating Model
What is Analogous Estimating? Analogous estimating is a project estimation technique that uses historical data from previous, similar projects to …
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 …
Empirical Estimation Models
What are Empirical Estimation Models? Empirical estimation models are techniques used in project management to estimate project parameters (e.g., cost, …
Product Breakdown Structure (PBS)
What is a Product Breakdown Structure (PBS)? A Product Breakdown Structure (PBS) is a hierarchical decomposition of a project’s product …
Work Breakdown Structure (WBS)
What is a Work Breakdown Structure (WBS)? A Work Breakdown Structure (WBS) is a hierarchical decomposition of a project into …
Project Decomposition Techniques
What is Project Decomposition? Project decomposition is the process of breaking down a large project into smaller, more manageable components …