Figure 14: Estimate Activity Duration s: Inputs, Tools and Techniques, and Outputs. Reprinted from "A Guide to the Project Management Body of Knowledge (PMBOK Guide), (5th Edition)" by Project Management Institute, 2013, p. 166. Newton Square, PA: Project Management Institute, Inc. Reprinted without permission
Figure 14: Estimate Activity Duration s above depicts all the possible inputs tools and techniques resulting in Activity duration estimates and Project document updates.
6.5.1
Input
The scope statement as depicted in the ITD project in PGMT611, has two input constraints one is time and the other is cost.
6.5.2
Tools and Techniques
This three-point estimate generated using QM software tool and Z-table to interpret three different duration scenarios of Optimistic time, Most likely time, Pessimistic duration and costs. This is a quick and dirty way to estimate duration activity estimates.
6.5.3
Output
Activity duration Estimates 501:
Created in PGMT 501, utilizes precedence duration diagramming and Excel to estimate an output activity duration and costs for several different scenarios.