Practice Standard for Project Estimating

CHAPTER 5

MANAGE ESTIMATES

This chapter covers the ongoing maintenance and management of activity duration estimates, activity resource estimates, and cost estimates. The objective of the Manage Estimates stage is to outline the fundamental inputs, activities, and outputs with regard to managing estimates appropriately.

This chapter also describes an approach to managing project estimates from initial estimates to completed projects, based on the consumption of actual time and cost, and the ability to reforecast remaining cost and time.

This chapter includes the following sections:

5.1 Introduction

5.2 Inputs

5.3 Activities

5.4 Outputs

5.5 Considerations

5.6 Summary

5.1 Introduction

In preparation for this chapter, some clarification is needed. ...