Final answer:
At the beginning of a project, we should be able to predict the cost, effort, and duration (CED). Estimating CED requires considering variables such as the scope of the project, available resources, and complexity of tasks. Understanding estimation is important for effective planning.
Step-by-step explanation:
At the beginning of a project, we should be able to predict the cost, effort, and duration (CED).
To make some progress in estimating CED, you need to have some definite ideas about how variables may be related. For example, considering the scope of the project, the resources available, and the complexity of the tasks involved can help in predicting the CED. Another factor to consider is the experience of the project team in similar projects, as they may provide valuable insights that can aid in making accurate predictions.
Understanding the importance of estimation and being able to predict the CED at the beginning of a project is crucial for effective planning and resource allocation.