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Estimation in project management is the processes of making accurate estimates using the appropriate techniques. Event chain diagram


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Estimation in project management is the processes of making accurate estimates using the appropriate techniques.

  • Event chain diagram : diagram that show the relationships between events and tasks and how the events affect each other.

  • Event chain methodology is an uncertainty modeling and schedule network analysis technique that is focused on identifying and managing events and event chains that affect project schedules.

  • Executive sponsor is the senior member of the project board and often the chair.

  • Extreme project management (XPM) refers to a method of managing very complex and very uncertain projects.

  • Henry Gantt was an American mechanical engineer and management consultant, who developed the Gantt chart in the 1910s.

  • Gantt chart is a type of bar chart that illustrates a project schedule. It illustrates the start and finish dates of the terminal elements and summary elements of a project. Terminal elements and summary elements comprise the work breakdown structure of the project.

  • Goal or objective consists of a projected state of affairs which a person or a system plans or intends to achieve or bring about — a personal or organizational desired end-point in some sort of assumed development. Many people endeavor to reach goals within a finite time by setting deadlines

  • Goal setting involves establishing specific, measurable and time targeted objectives

  • Graphical Evaluation and Review Technique (GERT) is a network analysis technique that allows probabilistic treatment of both network logic and activity duration estimated.

  • Hammock activity is a grouping of subtasks that "hangs" between two end dates it is tied to (or the two end-events it is fixed to).

  • HERMES is a Project Management Method developed by the Swiss Government, based on the German V-Modell. The first domain of application was software projects.
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