Analogy

Comparing the project, or aspects of it, with something similar is one way in which estimates can be developed. For example, a large computer organisation wanted to confirm that its software could handle 1m trades a day. This would have required more processor power than was available for demonstration. The company demonstrated that one processor could handle 100,000 trades a day and that two running in parallel could handle 200,000. It added three more processors and demonstrated that 500,000 trades were being handled. By doing this, potential customers accepted that by adding five more processors, 1m trades would be possible.

The work distribution technique

The work distribution technique

Similarly, physical and computer models are used to test different aspects of an aircraft's performance without having to construct a life-size version in advance.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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