Estimating Task Durations: Look into the Methodologies and Psychology of Estimating
- Topics:
- Project Management
- Source:
- Sciforma
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Overview: "This entire article is devoted to a discussion on the duration of tasks. This is mainly to know about the relative importance of task durations. A project schedule is the result of the aggregation of all of the task durations. If the durations lack validity, so does the project schedule. Fidelity in task duration estimating is essential to the development of a wholesome project schedule. And such fidelity can only be achieved via a structured and consistent approach toward establishing task durations. The application of the guidelines in this article should consider the key factors in achieving project success. If getting the job done as fast as possible is a key objective, then contingencies should be minimized and identified. If protecting the firm from delay penalties is a key issue, then contingency allowances play a larger role."
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Format: PDF | Size: 6KB | Date: Jan 2003 | Pages: 44
