Chapter Summary

Projects require resources and time, both of which cost money. Projects are estimated, or predicted, on how much the project work will likely cost to complete. There are multiple flavors and approaches to project estimating. Project managers can use analogous estimating, parametric estimating, or, the most reliable, bottom-up estimating. Whatever estimating approach the project manager elects to use, the basis of the estimate should be documented should the estimate ever be called into question.

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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