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What You Will Learn

  • How problems with effective estimation are largely inevitable
  • How to collect and archive data for better estimates
  • Different issues involved in estimating costs, schedules, and resource requirements
  • Techniques to improve the accuracy of estimates

PMBOK® Guide Process Areas

  • Initiating
  • Planning
  • Executing
  • Monitoring and Controlling

PMBOK® Guide Knowledge Areas

  • Project Human Resource Management
  • Project Time Management
  • Project Scope Management
  • Project Cost Management
  • Project Risk Management
  • Project Procurement Management


  • Course modules containing cutting-edge knowledge developed by renowned experts in project management
  • Course Textbook: Innumeracy, a book by John Allen Paulos
  • "Think and Review" section that helps you review key points of the modules
  • Answers to the "Think and Review" section
  • A final exam which contains multiple choice and true/false questions
  • Certificate of Completion.

Topics Covered

  • Estimating a current state of affairs vs. forecasting the future
  • Different types of measures: nominal, ordinal, interval
  • Estimating work performance
  • Estimating costs, schedules, resource requirements
  • The psychological dimension of estimation
  • Top-down (e.g., parametric) vs. bottom-up estimates
  • The differing roles of conceptual, preliminary, and definitive estimates
  • Forecasting techniques: scenario-building, gap analysis, trend extrapolation, Delphi
  • Estimation and risk
  • Life-cycle cost estimating
  • Developing a database to make better estimates

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