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,…
Category: 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…