THE TIME ESTIMATE MAY
BE BASED ON EXPERT
JUDGEMENT OR
HISTORICAL INFORMATION
2. ANALOGOUS ESTIMATING TOP DOWN
APPLICABLE TO BOTH TIME
AND COST ESTIMATING . USES
EXPERT JUDGMENT AND
HISTORICAL INFORMATION
3. PARAMETRIC ESTIMATING
LOOKS AND THE RELATIONSHIPS
BETWEEN VARIABLES ON AN
ACTIVITY TO CALCULATE TIME OR
COST ESTIMATES
4. THREE POINT ESTIMATING
ESTIMATOR GIVE AN OPTIMISTIC
(O), PESSIMISTIC (P) AND MOST
LIKELY (M) ESTIMATE FOR EACH
ACTIVITY
5. TRIANGULAR DISTRIBUTION
A SIMPLE AVERAGE OF THE THREE
POINT ESTIMATES CAN BE DONE
USING THE FORMULA (P+O+M)/3
6. BETA DISTRIBUTION
GIVES STRONGER CONSIDERATION TO THE
MOST LIKELY ESTIMATE. (P+4M-O)/6 DERIVED
BY PERT
TYPES SCHEDULE
1.NETWORK DIAGRAM
IS AGRAPHICAL REPRESENTATION OF THE LOGICAL
RELATIONSHIPS, ALSO EFERRED TO AS DEPENDENCIES,
AMONG THE PROJECT SCHEDULE ACTIVITIES
2. MILESTONE CHART
ONLY IDENTIFY THE SCHEDULED START OR
COMPLETION OF MAYOR DELIVERABLES AND
KEY EXTERNAL INTERFACES
BAR CHART
ALSO KNOWN AS GANTT CHARTS, REPRESENT SCHEDULE
INFORMATION WHERE ACTIVITIES ON THE VERTICAL AXIS,
DATES ARE SHOWN ON THE HORIZONTAL AXIS, AND
ACTIVITY DURATIONS ARE SHOWN AS HORIZONTAL BARS
PLACED ACCORDING TO START AND FINISH DATES