Practice Standard for Project Estimating

CHAPTER 6

IMPROVE ESTIMATING PROCESS

This chapter covers the final stage of the project estimating life cycle. The objective of the Improve Estimating Process stage is to take actual data and lessons learned and complete the cycle by incorporating them back into the estimating processes and tools.

This chapter includes the following sections:

6.1 Introduction

6.2 Inputs

6.3 Activities

6.4 Outputs

6.5 Considerations

6.6 Summary

6.1 Introduction

The purpose of the Improve Estimating Process stage is to improve the estimating process for the current project, future projects, and the organization's estimating process. This is an important step because it incorporates lessons learned and empirical data to calibrate the models and processes, and ...