Sunday, January 6, 2008

Analogous Estimation

One of the estimation common used in project management is the "Analogous Estimation". What exactly is Analogous Estimation?
  • It is also known as "Top Down" Estimation.
  • It uses estimations from previous activities to estimate future durations. The validity of duration estimates derived using this method depends on:
    - historical information
    - similarity of the historical projects
    - expert judgement

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Recommended Books on PMP

Suggested Study Materials

  • PMP-Preparation Recommended Books
  • PMP Exam Prep, Fifth Edition: Rita's Course in a Book for Passing the PMP Exam
  • A Guide to the Project Management Body of Knowledge, Third Edition (PMBOK Guides)
  • The PMP Exam: How to Pass On Your First Try (Test Prep series)