Duration Estimating Methods Homework Help

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In order to have a sound project in Project Management, accurate estimation of the duration or the time for completion of the project is very essential. The number of calendar periods it takes from the starting of the execution of the element till its completion is known as the duration of the project. In Duration Estimating Methods Homework Help it is given that, estimating the duration of the project element is not an easy work. It requires the involvement of a project manager’s knowledge on some or the other theory and application of some best practices and methodologies. Apart from the project manager, the project team is also involved. The work of the project team is to work on the project to attain the objectives of the project, all the identified key stakeholders and the project management team to make a delivery schedule after the estimation of the duration of the project. The estimation duration of the project management is a time taking process especially for a long term project. From Duration Estimating Methods Homework Help, we came to know that the duration estimating method is an iterative process and occurs as a project phase or as a product phase.

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Different Methods of Estimating Duration

There are various methods which can be used for effective Estimation of Duration and are explained briefly in Duration Estimating Methods Homework Help. These are
• Work Breakdown: – Whenever there is a complex or long activity, the project manager should break the activity for reliable estimation of the duration for completion of the project. This also makes the estimation of the duration easy as the calculation of the calculation of duration of individual worker’s activity is easier than the calculation of the duration of total activity.
• Historical Data: – Another very effective method of duration estimation is by considering the historical data. Whenever there is an availability of any historical data, the project manager uses the data to find the average duration.
• Analogy: – Project manager can use the analogous activities in order to produce the estimates more reliably. This is adopted by not only the large works but also the small businesses.
• Expert Judgment: – A project manager will frequently use the expert judgment if it is available at a reasonable cost. The basic concept of expert judgment is using specialists having reputation regarding knowledge of a particular field and has experience in Duration Estimation.
• Effort: – The resources which are necessary for Estimating Duration are calculated by the project manager’s efforts. It has an advantage of tracking the use of the resources and then its comparison with the estimates made.

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