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    Project Management 5

    Uploaded by

    Sameh Allaoui
    Janet is forecasting the budget needs for a new project. She estimates that two people and $25,000 in expenses will cover the requirements. However, management typically reduces forecasts by 20%, so she increases her estimates to allow for that reduction. This illustrates padding estimates. Top-down estimates are most likely to occur during the planning phase of a project. Sean is forecasting the time and cost of developing a customized software program by analyzing inputs, outputs, inquiries, files, and interfaces. He is using the function point method. Learning curves are more likely to apply in situations where most of the costs are labor. The phase estimating method begins with a top-down estimate for the

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    Project Management 5

    Uploaded by

    Sameh Allaoui
    18 views5 pages
    Janet is forecasting the budget needs for a new project. She estimates that two people and $25,000 in expenses will cover the requirements. However, management typically reduces forecasts by 20%, so she increases her estimates to allow for that reduction. This illustrates padding estimates. Top-down estimates are most likely to occur during the planning phase of a project. Sean is forecasting the time and cost of developing a customized software program by analyzing inputs, outputs, inquiries, files, and interfaces. He is using the function point method. Learning curves are more likely to apply in situations where most of the costs are labor. The phase estimating method begins with a top-down estimate for the

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    Janet is forecasting the budget needs for a new project. She estimates that two people and $25,000 in expenses will cover the requirements. However, management typically reduces forecasts by 20%, so she increases her estimates to allow for that reduction. This illustrates padding estimates. Top-down estimates are most likely to occur during the planning phase of a project. Sean is forecasting the time and cost of developing a customized software program by analyzing inputs, outputs, inquiries, files, and interfaces. He is using the function point method. Learning curves are more likely to apply in situations where most of the costs are labor. The phase estimating method begins with a top-down estimate for the

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    18 views5 pages

    Project Management 5

    Uploaded by

    Sameh Allaoui
    Janet is forecasting the budget needs for a new project. She estimates that two people and $25,000 in expenses will cover the requirements. However, management typically reduces forecasts by 20%, so she increases her estimates to allow for that reduction. This illustrates padding estimates. Top-down estimates are most likely to occur during the planning phase of a project. Sean is forecasting the time and cost of developing a customized software program by analyzing inputs, outputs, inquiries, files, and interfaces. He is using the function point method. Learning curves are more likely to apply in situations where most of the costs are labor. The phase estimating method begins with a top-down estimate for the

    Copyright:

    © All Rights Reserved
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    of 5

    Thepr

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