Question

Discuss in details the seven tools and techniques for estimating activity resources process.

Answer 1

The seven tools and techniques for estimating activity resources process ,

Estimate Activity Resources: Tools and Techniques are:

1-Expert Judgment:

Expertise ought to be looked for during this process by the individuals who have particular information in estimating group and physical resources, or who have done such estimation for comparative, past projects.

2-Bottom-Up Estimating:

This estimation procedure is bottom-up in light of the fact that it comprises of estimation of the resources required for every activity and then totaling these evaluations into the degree of work bundles, control records, and then synopsis project levels.

3-Analogous Estimating:

This estimation procedure utilizing information with respect to resources from a past comparative project. It is valuable as a starter estimation when you have just finished the best scarcely any degrees of the WBS, since you have to have a total WBS so as to do the more precise, however tedious Bottom-Up Estimating strategy .

4-Parametric Estimating:

This strategy additionally utilizes information with respect to resources from a past comparative project. The thing that matters is that there is a measurable connections between recorded data and different factors which can be utilized to apply to the estimation of resources in the current project. Here's a model: on the off chance that you are attempting to finish an estimation of the resources expected to assemble a house in a region, you can do it by taking a gander at the data on the resources expected to fabricate past houses in the development. This would be a case of analogous estimating. Be that as it may, on the off chance that you took the entirety of the data with respect to those already constructed houses and determined what number of resources would be required per 100 square feet, at that point you would have a measurable relationship or a boundary you could then use to ascertain the resources required for the current project.

5-Data Analysis:

The principle data analysis strategy utilized in this process is choices analysis. There might be various alternatives to achieve a specific activity. These choices may incorporate different degrees of asset ability or aptitudes, for instance. Choices analysis gives the best answer for perform the project exercises inside the characterized requirements.

6-Project Management Information System (PMIS):

This is the product device (like Microsoft Project) used to help deal with the resources on a project.

7-Meetings:

Arranging meetings might be held with practical administrators to help gauge the resources required for every activity. Others at the gathering may incorporate project colleagues who are answerable for estimation, experts who have information with respect to estimation techniques or who have taken a shot at comparative projects, and the project support.