Approaches to Estimating Project Duration

Approaches to
estimating the
duration of a
project

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
CONCLUSION ...............................................................................................................................4
REFERENCE...................................................................................................................................5

INTRODUCTION
A project is explained as sequence of task and activities which is require to be complete
on time. This is important for each person to understand the particular project and put their
efforts to complete it timely. If a project is not properly managed then it will be considered as
completion of objectives (Bilal and et.al., 2019). Every person should have strategic plan which
can be used to accomplish the goals effectively. The report is based on estimating the duration of
project and the profitability that will finish by particular date. This involves PMBoK APMBoK
and Prince methodology to estimate the duration of project.
MAIN BODY
Managing project duration is consider as part of the process of developing and following
a project management plan. By planning the project duration and using time management
technique, and strategies which can help to complete the project timely. The management are
using project time tracking software which is effective tool to know the time period and monitor
the time that can help to complete project (Moradi and Shadrokh, 2019). The approaches which
are used to estimating the duration of project is explained below:
PMBoK – This can be defined as project management body of knowledge, and it is the
entire collection of processes, terminologies, best practices, and guidelines that are accepted as
standard in the project management industry. This methodology is mainly used to estimate the
time period of specific project and complete it. This considered as valuable for companies as it
helps them standardize practice between different department. In other words, an instruction
book that included supports to estimate the timing period of particular project and manage it.
This involves following steps:
Project Initiating: This means starting of project wherein goals are decided at broad
level. In this stage, project management create the project charter and manage the task (Antoine,
Alleman and Molenaar, 2019).
Planning: This phase mainly used in beginning with goals where management is
responsible to set the SMART Goals and formulate the effective planning that can help to
complete the project timely. This planning encourage employees to work together (Stages of
PMBoK approach. 2021).
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