Schedule Estimating Techniques
Schedule estimating techniques are used to produce a realistic forecast of the duration of an activity or series of activities, for example a project to develop goods or services. A few of the techniques are: Estimating by analogy : Historical records : Parametrics
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Schedule uncertainty is the expression of variation in a schedule estimate. The uncertainty can be stated as optimistic, pessimistic and most likely and these are used as inputs to produce probabilistic outputs of the schedule.
Schedule risk analysis is a technique to help you quantify the probabilistic variation of the duration for a series of activities such as a project or programme. It also allows you to identify the activities or risk driving the project or programme duration.
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Schedule budgeting is the technique to quantify the amount of time needed to carry out a number of activities, such as a for project or programme. Schedule budgets are based on estimates and the concept of confidence levels is used to set the budget.
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Schedule contingency is a component of the time budget set aside to deal with risks and issues.
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