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Why You Should Use Ranged Estimation for Your Projects

LiquidPlanner

Schedule development occurs shortly after the project scope is defined and is necessary to develop a project cost estimate or budget. Since project teams will naturally provide either a single-point estimate or a two-point range like 1 to 2 weeks, I have given teams direction to give me the 75% and 85% confidence levels.

Estimate 156
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The Complete Glossary of 614 Project Management Terms

Workamajig

Bottleneck: In project management terms, a bottleneck is any constraint that restricts the movement of a process. With this approach, the project's cost and/or duration are calculated by adding the cost/duration of all its constituent activities. A CAPM is often a basic requirement for project management roles.

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Overview of the PMBOK® Guide Seventh Edition – Lesson 3 Transcription

MPUG

Today’s PMI activity code, I’ll have up on the screen here in a minute. I mentioned the five star because I saw this event is up on PMI. Jeff: PMI took a stand back and said, you know what? A project is more organic in a lot of cases. You can see that up here on the slide. Jeff, a big MPUG welcome back.

PMI 59