![]() ![]() You, as the expert, painting interior rooms of this size at this location have started at the top of the project task list and gone down to the final step to estimate painting the office will take 1 gallon of paint and 2.5 hours if you are working alone. The office is the same size as the bedrooms which both took you 2.5 days to complete and 1 gallon of paint. Break the project down into smaller tasks, such as getting the paint from the store, protecting the flooring in the room from the paint, etc. Start at the “top” of the project which in this example is the painting of all walls in a residential bedroom. You have painted 2 bedrooms in your house by yourself and are planning to paint the office. Analogous EstimatingĪ technique for estimating the duration or cost of an activity or a project using historical data from a similar activity or project. Analogous Estimating DefinedĪnalogous estimating is used when expert judgment is available for a comparable project. Project managers with historical experience with similar projects can provide the “expert judgment” used in analogous estimates, which can speed up the estimating timeline. In those instances, project managers should find similarities where they can, in terms of segments of past work, work activities from past work, or similar materials from past work. Or there may not be a project of a similar nature in which budgets can be compared. Rather than spending time researching and trying to figure out everything from the beginning, analogous estimation is a way to “fast track” budgeting and leverage actual and known costs.Īnd yet, project managers must have a strong understanding of their project to successfully use analogous estimation because if the project compared is not similar or does have enough similarities, the estimate may lead to problems later. The analogous estimate tool can help with projects in which there is limited information for the current work if the project manager has a deep understanding of the current work and the compared work. The comparison of like things to find meaning, or in the project management context, budget, is an analogous estimation. Analogous EstimatingĪn analogy is where you use one idea to explain or clarify something similar. ![]() ![]() And in some informal materials, the “PMP” designation will be added for “parametric vs analogous estimating PMP” or “top-down estimating PMP.” Within the PMP® certification exam and PMI’s literature, however, the formal names do not include the “PMP” label. Note there can be different spellings, such as 3-point vs three-point.
0 Comments
Leave a Reply. |