123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Education >> View Article

An Organization's Duration Estimating Database

Profile Picture
By Author: KimberlyBloch
Total Articles: 24
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

AN ORGANIZATION’S DURATION ESTIMATING DATABASE is the best reference information to use for estimating activity duration when activity durations are not driven by the actual work content. Organizations involved in the project may maintain duration estimating databases and other historical reference data that can be useful in estimating activity durations.

Assumptions and constraints from the project scope statement are considered when estimating activity duration schedules. PMP preparation reviews assumptions and constraints.

An example of an assumption is the length of the project reporting periods, which can dictate maximum scheduled activity duration.

An example of a constraint on schedule activity durations would be document submittals, reviews, and similar non-deliverable schedule activities, which have frequencies and durations either specified by contract, or within the performing organization's policies.

INEFFICIENCY caused by lack of adequate quantities or skills or materials, equipment, and labor/personnel, will significantly influence the duration of most activities. PMP prep courses ...
... include examples of inefficiencies.

THE RESOURCE CALENDAR developed as part of the activity resource estimating process includes:

Availability and capabilities skills of human resources
Availability and capability of equipment and material resources

THE RISK REGISTER has information on identified project risks. These risks must be considered when producing estimates of activity durations, or when activity durations for risks must be adjusted.

COMPLETED ACTIVITY COST ESTIMATES can be developed to provide estimated resource quantities for each schedule activity in the project activity list.

RESOURCE QUANTITY and PRODUCTIVITY RATE

THREE-POINT ESTIMATES are activity duration estimates that consider the amount of relative risk involved in the original estimate. Three-point estimates are based on estimates that might be:

The most likely
Optimistic (best-case scenario)
Pessimistic (worst-case scenario)

Using a combined average of the three types of estimates provides a more accurate activity duration estimate than a single-point estimate.

Project teams can choose to incorporate additional time into the project schedule.

These additions are referred to as:

Buffers
Contingencies
Reserves
Time Reserves (amounts of time added to the schedule to compensate for recognized schedule risk).

THE CONTINGENCY RESERVE may be a percentage of estimated activity duration, a fixed number of work periods, or may be developed by quantitative schedule risk analysis.

Develop the project schedule—Develop Schedule:

SCHEDULING is essentially the converting of the project action plan into a functioning timetable which provides the basis for monitoring and controlling the project.
Not all project activities need to be scheduled in the same level of detail.

Kimberly Bloch, To Get the proper PMP Exam Preparation training to pass the pmp exam certification exam with flying colors. Visit the site- pmeducate.com, too for some useful hints on Project Management PMP.

Total Views: 138Word Count: 417See All articles From Author

Add Comment

Education Articles

1. Gavin Mccormack Journey As An Education Changemaker
Author: selinclub

2. What Makes Dubai An Ideal Destination For Global Business Conferences?
Author: All Conference Alert

3. D365 Functional Course In Ameerpet | Dynamics 365 Course
Author: Hari

4. Best Sre Certification Course | Sre Training Online In Bangalore
Author: krishna

5. Best Google Cloud Ai Training In Ameerpet | Visualpath
Author: visualpath

6. Azure Ai Engineer Course In Bangalore | Azure Ai Engineer
Author: gollakalyan

7. What To Expect At The Vermont Dmv Driving Test
Author: Ravinder Malik

8. Key Highlights Of Punyam Academy’s Iso 9001 Lead Auditor Training Course
Author: Emma

9. Ai With Aws Training | Ai With Aws Online Training Bangalore
Author: naveen

10. Salesforce Devops Training | Salesforce Devops With Copado
Author: himaram

11. How Does Cpr Affect High-risk Professions Like Healthcare, Sports, And More?
Author: Christopher Bayer

12. Best Bba Colleges In Hyderabad For Students Seeking A Corporate Career
Author: SSDC

13. Why We Charge A Training Fee At Pydun Technology
Author: Pydun Technology Private Limited

14. Informatica Idmc | Informatica Online Training In Hyderabad
Author: gollakalyan

15. Best Snowflake Course | Snowflake Training In India
Author: Pravin

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: