Estimating mega projects presents unique challenges due to their scale, complexity, and extended timelines. These challenges often stem from uncertainties, diverse stakeholder interests, technological advancements, and evolving requirements. Here are…
Top-down and bottom-up estimating are two contrasting approaches used in project management for estimating time, cost, and resources. Here's an overview of each method, their uses, advantages, and disadvantages: Top-Down…
Estimating project times and costs is a bedrock for effective project planning and control in the following ways: Project Planning: Baseline for Planning: Time and cost estimates provide the initial…
Estimating time, cost, and resources in projects involves a mix of experience, data analysis, and understanding the project's scope and requirements. Here are some guidelines: Time Estimation: Breakdown of Tasks:…