Transcription of APM – ACostE Estimating Guide
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APM – ACostE Estimating Guide
APM ACostE Estimating GuideFor Project, Programme and Portfolio ManagersAPM ACostE Estimating GuideCMYKCMYKCMYKCMYKTel. (UK) 0845 458 1944 Tel. (Int.) +44 1844 271 640 Email for Project Management Ibis House, Regent ParkSummerleys RoadPrinces RisboroughBuckinghamshire HP27 9LE CMYKiiiContentsTable of Figures vForeword viAcknowledgements viiPurpose and reason for this Guide viiiEstimating framework x1 Developing the Estimating plan Stakeholder engagement and mobilisation Stakeholder commitment Responsibility assignment matrix (RAM) Interpretation of stakeholder objectives and targets Understanding the estimate scope Scoping the estimate Understanding the estimate maturity requirements Manage the information requirements Identifying the information requirements Storing information Reviewing the maturity of the information available Revising the ADORE in line with information maturity risk Data normalisation Prepare the Estimating plan Agreeing the Estimating approach(es)
3.1 Assessing uncertainty in the baseline activities 23 3.2 Link to the risk management process 24 3.3 Link to schedule risk analysis 26 3.4 Holistic review of risk, opportunity and uncertainty 27 3.4.1 Top-down approach 27 3.4.2 Bottom-up approach – Monte Carlo simulation 29 3.4.3 Dealing with inherent optimism bias in risk and
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