Estimate Technique

APA format, in-text citation, references included, 2 pages

1. Estimating techniques. What are the common techniques for estimating time/effort and cost in traditional/waterfall projects, and when might you use one versus the other? What are some techniques for estimating time/effort in agile projects? (For example, see

https://www.pmi.org/learning/library/agile-project-estimation-techniques-6110

.) In your opinion, which of the two sets of techniques (traditional vs. agile) do you believe produces more realistic estimates, and why? If possible, discuss this topic in the context of any personal or professional projects that you were involved with, or could manage in the future.

2. Project resources. What type of resources would a PM find in a project? How are these resources determined and when are they determined? How would use the concept of learning curves to estimate your human resource requirements? In your discussion, describe a project or process when you could have applied the concept of learning curves. How could applying the concept of learning curves improve the process or project?

3. More about project management approaches. This is a good time to build upon the Week 2 discussion on project management approaches. Read pages 17-19 in the Agile Practice Guide (link is in Links to PMI Publications in PMI Information under Course Resources) and share an example of a project whose life cycle is either incremental, iterative, or agile (explaining clearly the reasons for your life cycle classification).