Person 1: Vishnuvaradhan
Current Estimating Technique:
In our organization, for the projects, we are using Bottom-up estimating technique because of the accuracy when we have the complete work breakdown structure (WBS). A WBS helps to divide the project deliverables into series of work packages. Also, the project team members get to expertise in estimating the cost of completing each task of the project. This estimating technique is also very versatile and can be used in many types of projects.
Strengths and Weaknesses of this approach:
The strengths are,
• The bottom-up approach leads to greater accuracy.
• Easier to engage target group.
• Easier to adapt to different needs.
The weaknesses are,
• It can be time consuming.
• It increases the cost of planning which can increase the cost of the project.
How can this method be improved?
I prefer this method over any other estimating methods. But, in my opinion, there are somethings need to be improved in this technique so that it increases the probability of delivering the projects successfully.
• Define the work properly
• Get the right people to give the estimates.
• Track effort and duration.
Sample Solution