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Project Management Orientation

Parametric Estimate

The parametric estimate, which was described previously, uses specific measures to estimate the effort required to complete a task or to produce a work product.  Examples are dollars per square foot, hours per lines of code, dollars per gallon, and dollars per function point.
  
The estimating unit (EU) is the unit defined by the team that can be measured and estimated.  The EU can apply to more than one task, but these tasks should be similar.  Different factors can affect the task and can increase or decrease the effort and therefore, the EU.  Too many EUs can result in a method that estimates individual items rather than a large group of similar items.  Examples of estimating units are lines of code, pages in a chapter, or number of lessons in a class.

Estimation Methods

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description of that term.

Parametric Estimate
Analogy or Comparison Estimating
Expert Judgment Estimating
Top-Down Estimating
Bottom-Up Estimating
1: Getting Started
2: Define the Project Team
3: Team Management
4: Identify and Validate Requirements
5: Create Decomposition Structures
6: Risk Management
7: Project Estimates
8: Project Schedules
9: Change Management
10: Project Control and Execution
Defining the Project
11: Project Management Review
12: Project Closeout
13: Project Management Tool Suite
14: Self-Assessment and Final Exam
Fast Points
Concepts
Seven Keys
Case Study
WWPMM
Mentor
Check Point
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