How To Estimate Cost Of Fixed Price Projects

By Aliaksandra on Wed, 02/17/2021 - 14:02
Software de Microsoft
Project Management

To make estimation of a project, it’s necessary to take into account a variety of factors and involve different specialists. Business analyst works with potential customer’s requirements, technical specialist helps to reach better results if involved at an early stage.

There is a set of techniques, used for estimation:

  • “Expert judgement”
  • “Analogous estimating” 
  • “Bottom-up” estimating
  • “Parametric estimating”
  • PERT

After the estimates are ready, it’s possible to calculate the project cost derived from:

  • Provided estimate
  • Business analysis and project management
  • Contingency reserves
  • Cost of quality
  • Management reserves 

If you are interested in more detailed information considering this topic, please read full article.

Submitted by ForrestElisha on Mon, 01/24/2022 - 19:18

I would not have been able to know about this if I would not have went on this website. It had a different section about online royal essays review where every specific detail about it was given with no queries left at the end. I hope that this will be helpful for others as well.

Submitted by Leanna Wiza on Mon, 09/12/2022 - 12:09

Microsoft Software provides a comprehensive set of technologies, applications and services to both hardware companies and software developers. With our broad developer services and visit https://researchpaperguru.com/ to site global platform for launching new products, we enable our partners to grow quickly and succeed in building high quality solutions for businesses.