Project Management Institute Project Management Institute - Practice Standard for Project Estimating

Library of Congress Cataloging-in-Publication Data

Names: Project Management Institute, issuing body.

Title: Practice standard for project estimating / Project Management Institute.

Description: Second edition. | Newtown Square, Pennslyvania : Project Management Institute, Inc., [2019] | Includes bibliographical references and index. | Summary: Developed within the framework of A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition and other PMI standards, the Practice Standard for Project Estimating - Second Edition focuses on providing models for the project management profession in both plan-driven and change-driven adaptive (agile) life cycles. This practice standard describes the aspects of project estimating that are recognized as good practice on most projects most of the time and that are widely recognized and consistently applied--Provided by publisher.

Identifiers: LCCN 2019050072 (print) | LCCN 2019050073 (ebook) | ISBN 9781628256420 (paperback) | ISBN 9781628256437 (epub) | ISBN 9781628256444 (kindle edition) | ISBN 9781628256451 (adobe pdf)

Subjects: LCSH: Project management--Estimates. | Project management--Standards. | Cost control.

Classification: LCC HD69.P75 P652 2019 (print) | LCC HD69.P75 (ebook) | DDC 658.15/54--dc22

LC record available at https://lccn.loc.gov/2019050072

LC ebook record available at https://lccn.loc.gov/2019050073

ISBN: 978-1-62825-642-0

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NOTICE

The Project Management Institute, Inc. (PMI) standards and guideline publications, of which the document contained herein is one, are developed through a voluntary consensus standards development process. This process brings together volunteers and/or seeks out the views of persons who have an interest in the topic covered by this publication. While PMI administers the process and establishes rules to promote fairness in the development of consensus, it does not write the document and it does not independently test, evaluate, or verify the accuracy or completeness of any information or the soundness of any judgments contained in its standards and guideline publications.

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LIST OF FIGURES AND TABLES

INTRODUCTION

In alignment with other PMI standards and practice guides, the Practice Standard for Project Estimating Second Edition provides information on the activity of project estimating. This practice standard focuses on managing the estimating process and providing practical guidance geared toward project leaders, team members, and other stakeholders.

The audience for this practice standard includes, but is not limited to:

Portfolio/program/project managers;

Program and project team members;

Functional managers/operational managers,

Members of a program/project management office;

Program and project sponsors and stakeholders;

Educators and trainers of program and project management;

Analysts;

Scrum teams, scrum masters, and product owners;

Senior management and/or any decision maker responsible for approving the estimate; and