Estimate Activity Duration

Topics:
Software tips
Tags:
Estimates,
Estimation,
It Operations,
It service Management,
Management,
Project Management,
Team Management
Source:
Microsoft

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Overview: Estimating activity duration accurately is important to the success of any project. You and your team estimate the various requirements of cost, time, and resources throughout your project. Although activity duration estimation looks at the time it takes to complete the entire project, activity duration estimation is dependent on other time and resource estimates. Estimates are never exact. That's their nature - they are best guesses. But you can improve your accuracy by dividing the estimation task into three distinct steps: determining a Work Breakdown Structure (WBS), estimating the amount of work and duration of work packages, and calculating the project schedule.

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