November 3, 2015 Ashok No comments exist

Work Performance data: Work performance data are the raw observations and measurements. % of completion Start and Finish Dates of activities Number of change requests Actual costs and durations   Work Performance information: It is the performance data collected from various controlling processes, analyzed in context, and integrated based on relationships across areas. Status of…

November 3, 2015 Ashok No comments exist

Project Life Cycle Project Life Cycle is the entire cycle that enraptures a project. It means the different phases that take place within a project. There are typically five different processes that take place in a project,namely: Initiation Planning Executing Monitoring and Control Closing Product Life Cycle Product Life Cycle defines the different stages that…

October 18, 2015 Ashok No comments exist

Analogous Estimation It uses a similar past project to estimate the duration or cost of your current project. Thus the root of the word: analogy. It is considered a combination of historical information and expert judgment It is the fastest technique to estimate cost but less accurate. E.g if it cost $7,100 to develop a…