Trending Resource Estimation Discussions

Which factors should you consider when adding a resource to your project team?‎

  A. The impact the resource will have on the cost of the system B. The impact the resource will have on the duration of the system C. The impact the resource ‎ ... See More

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As a QS which task is most difficult? Estimation? Variation? BOQ? WHY?‎

As a QS which task is most difficult? Estimation? Variation? BOQ? WHY?‎

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How we can define or categorize the different type of delay claims; what factors should be considered for proving and pricing the delay claims ?‎

Please discuss and explain on the basis of your experience and approached to be used towards entitlement and quantum by Attorney / Consultants perspective.‎

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What is top down estimation?‎

When we have to do this type of estimates?‎

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How would you calculate beta for a company?‎

Calculating raw betas from historical returns and even projected betas is an imprecise measurement of future beta because of estimation errors (i.e. standard errors creat‎ ... See More

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What is Bottom Up Estimation?‎

How to estimate in this method and where we have to use this method?‎

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All of the following can be used to estimate the contingency reserves during Activity Duration Estimation EXCEPT: ?‎

A. Fixed number of work periods B. Quantitative schedule risk analysis C. Percentage of estimated activity duration D. Dependency determination ‎

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Answer added by  Ayoub Tartir , PMP, GWCPgM, CISA, CISSP, CAP, CSSLP, FITSP-D, CEH, CHFI, CCNA, CCNA Security, Security+, Network+, IT Security Expert, Information Unlimited Inc. (IUI)
7 years ago

D. Whether the resource is available, and if it will have impact on the cost and duration of the system

 

Answer added by  ernie rodriguez, Fire Suppression Designer/Estimator/Project Manager, Kidde Canada Inc.
8 years ago

estimation is the process of measuring and arithmetical computaiton to come up with a certain result usually in the form of volume or area...this yields the BOQ or the Bi ... See More

 

Answer added by  Eslam Yahya P. Eng, PMP, Project Manager/ Estimator, ClearStream Energy Service, Sherwood Park, Alberta, Canada
10 years ago

Quote"The top-down method is also known as the analogous method. It is used to determine order of magnitude estimates in the initiation phase of the project. The met ... See More