Question

What are the tools and techniques used in the Estimate Activity Durations process?

1) Parametric Estimating
2) Three-Point Estimating
3) Reserve Analysis
4) Expert Judgment
5) Analogous Estimating
6) Bottom-Up Estimating

Answer 1

The tools and techniques used in the Estimate Activity duration process include Parametric Estimating, Three-Point Estimating, Reserve Analysis, Expert Judgment, Analogous Estimating, and Bottom-Up Estimating.

Step-by-step explanation:

The tools and techniques used in the Estimate Activity Durations process in project management include:

1. Parametric Estimating: This technique uses a statistical relationship between historical data and other variables to estimate activity durations.
2. Three-Point Estimating: In this technique, optimistic, pessimistic, and most likely durations are used to calculate an average estimate.
3. Reserve Analysis: This technique involves setting aside contingency reserves for unpredictable events or risks that may impact activity durations.
4. Expert Judgment: Experts in the field provide their insights and opinions to estimate activity durations.
5. Analogous Estimating: This technique uses similar past projects as a reference to estimate activity durations for current projects.
6. Bottom-Up Estimating: Activity durations are estimated by breaking them down into smaller components and estimating each component individually.