Project Activity Duration Estimating

Overview/Description
 "On time and within budget," these five words are heard over and over in the world of project management. Today, with technology changing at the blink of an eye, maintaining schedules and budgets is becoming more difficult than ever. To complete a project on time and within budget, project managers need a method to accurately assess durations for each activity involved in completing their projects. This course will teach you how to estimate activity durations and increase your chances of a successful project. This course is aligned with "A Guide to the Project Management Body of Knowledge " (PMBOK ® Guide), published by the Project Management Institute (PMI ®).

Target Audience
 This course is specifically targeted at project managers, project team members, functional managers with employees assigned to project teams, project stakeholders, any team manager or member interested in project management, executives committed to their organization's growth, managers required to take on new challenges, and top managers with vision.

Expected Duration
1.5 hours

Lesson Objectives:

Inputs to Activity Duration Estimating

  • select the benefits of using the inputs to activity duration estimating.
  • select the activities resulting from a given Work Breakdown Structure (WBS).
  • distinguish between examples of constraints and assumptions.
  • determine how resource capabilities affect the resource requirements for a given situation.
  • match historical information sources to given examples.

    • Activity Duration Estimating Tools and Techniques

  • select the benefits of using the tools and techniques of activity duration estimating.
  • choose the best expert judgment for a given scenario.
  • determine the activities to ensure reliable analogous estimating in a given example.
  • determine the activity duration from a given Monte Carlo Analysis.

    • Outputs from Activity Duration Estimating

  • recognize the benefits of understanding the outputs from activity duration estimating.
  • determine what should be included in an activity duration estimate, given a scenario.
  • choose the information that should be included in the basis of estimates, for a given scenario.
  • choose in which situations to update the activity list, given a scenario.

    • Course Number: PROJ0242