Four Types of Estimation Techniques - PMP Exam Tips

There are 4 ways to estimate your cost and schedule for your project that you'll need to know for your PMP exam.

Analogous estimation: looking at historical data

Parametric estimation: looking at statistical data to obtain estimates for your current project

Three point estimation: determining 3 points of estimation (optimistic, most likely and pessimistic) and taking the average

Bottom up estimation: estimating the cost or timeline of individual activities and rolling it up to the project level.

#AnalogousEstimation
#ParametricEstimation
#ThreePointEstimation
#BottomUpEstimation

[taraspelenio]

I think, it's brilliant description. Each type of estimation technique is nice and clearly described in 6 minutes video. Great job, thanks a lot.

[snehapradeep]

Best description ever! So easy & crisp!

[ianpatrick]

These are absolutely outstanding videos. Thank you!

[wilfredwonders]

Even for a novice like me, this is vivid and easy to understand. Thank you.

[pavitmaharaj]

Thank you for the easy explantion regarding the Three-Point estimates. Really Helpful

[topscenes]

Oo I love her accent and the way she talks. watched it more than ten times.

[theclassicarena]

Is the little difference between the PERT and OMP significant in estimation?

[uvtcyuy]

One important estimation tecnique is to know the estimation of competitors by experiences

[DK-ymjr]

How did you arrive at your optimistic/pessimistic estimations? And what does PERT stand for?