The Estimation Service makes it easy to create project schedule, effort/cost, and quality estimates, compare alternative plans, assess project risk, and apply contingency to guard against scope creep or other factors that can derail even the best execution plan. Whether you need an early, rough order of magnitude (ROM) feasibility assessment or a more detailed estimate performed once requirements and design work is underway, the Estimation Service offers a rich feature set to help you:
•Create early feasibility assessments using just a few high-level assumptions.
•Fine tune early (ROM) size estimates using detailed and configurable sizing techniques.
•Validate productivity, schedule, or resources assumptions against industry or your team’s past performance data and trends.
•Explore how tradeoffs between schedule, staffing, and effort impact your management goals.
•Log and compare alternative scenarios.
•View detailed staffing and cost projections by role.
•Check out or export projects to SLIM-Estimate (round trip data exchange) to leverage advanced features available in the desktop tools.
•Apply and evaluate one or more contingency (management reserve) profiles to mitigate risk and negotiate achievable plans with a high probability of success.
•Compare one or more estimates against relevant completed projects and industry or internal trends (Trend charts only).
Once your estimation team has created one or more solutions, they can be compared, evaluated against relevant benchmark data, and shared with team members and project stakeholders.