Estimation is a life cycle and living process « Adventures in Project Management


the initial estimating is only the first step in this life cycle. Once that is complete it is critical that the Project Manager diligently run the project (step 2) and manage scope (step 3). These are critical to managing to the estimates to avoid unplanned costs. The last step in the cycle is to take actuals from the projects to calibrate the estimating models for more precise estimates int he future.

Estimation is a life cycle and living process « Adventures in Project Management

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