For this example, I built a sample WBS using MindView for an ERP implementation ( Figure A).įigure A WBS software project (click the image to enlarge) In this tutorial, you need to use your WBS to allocate the project costs across the WBS. However, once you have an estimate, you need to allocate the estimate to the specific pieces of the project. If the last PeopleSoft upgrade cost $1.5M, it serves to reason that the next PeopleSoft upgrade should be budgeted for $1.5M. When you are conducting portfolio planning and estimating budgets for projects, analogous estimating is often applied by relying on a couple of project experts who have experience with similar projects. Within the top-down approach, you may use consensus from a pool of experts, parametric models, and apportion to allocate costs across a project.
MINDVIEW PRICE HOW TO
In my next TechRepublic tutorial, I’ll show how to conduct a bottom-up estimation using MindView. I’ll walk you through how to apply top-down estimation using a sample work breakdown structure (WBS) developed in the Matchware MindView Business edition mind-mapping tool. For projects where budget and time are sensitive, a fixed-price contract is applied, or if the project stakeholders need greater detail, you should apply a bottom-up estimation approach.
In cases of strategic planning, uncertainty, or small project sizes, a top-down estimation approach is more applicable. In the PMBOK preparation course, there are various approaches to estimation, including top-down and bottom-up.
Apply top-down estimation using Matchware MindViewĪndy Makar walks you through how to apply top-down estimation using a sample work breakdown structure developed in the Matchware MindView mind mapping tool.
0 kommentar(er)
