Software projects present their own unique set of characteristics and concerns, including development costs, speed of completion, quality and reliability. Mastering best practices estimation and risk management techniques is critical if one expects to deliver projects on time and within budget. This workshop not only helps students become more proficient at estimating the parameters of a project’s time, cost and performance, but demonstrates the most effective methods of identifying and quantifying risks as well. PDUs = 16.
Audience:
Those who are involved in project estimating and risk management.
Course duration:
2 days
Course outline:
Definitions and Concepts
- Estimating
- Reasons for Estimating a Project
- Accuracy in Estimating
- Obstacles to Good Estimating
- Enabling Good Estimating
- Approaches to Estimating
- Metrics Used in Estimating
- Techniques Used in Estimating
Project Sizing
- Project Sizing
- Direct Comparison
- Models
- Rayleigh Model
- Life Cycle Resource Distribution
- Function Point and Delphi Technique
Estimating Costs
Estimating Effort
- Estimating Effort
- Parametric Models
- Function Point Estimating
- Function Point Estimating Process Steps
- What Do You Count in Function Point Estimating
- Function Point Estimating Information
- General System Characteristics
- Task Based Estimating
- Estimating Task Effort
- Resource Profiling
Estimating Duration
- Estimating Duration
- Effort Conversion
- Statistical Analysis of Project Length
- Weighted Average Results
- Beta and Normal Distributions
- Normal Distribution and Standard Deviation
- Calculating Expected Time for the Project
- Using a Z Table to Calculate Probability Answer
- How Long Should the Project Be
- When Should You Use this Technique
Risk Management
- Dealing with Risk
- Risk Measurement
- Risk Impact
- Risk During Project Life Cycle
- Psychology of Risk
- Project Risk Management Processes
- Risk Management Planning Definition
- Risk Management Plan
Risk Identification
- Risk Identification Definition
- Effect on Project Success Factors
- Project Success Factor Chart
- Structuring by Project Management Knowledge Areas
- Structuring by Category
- Risk Influencing Factors
- Documentation Review
- Historical Information
- Other Information Gathering Techniques
Qualitative Risk Analysis
- Definition
- Example Table from the PMBOK
- Outputs
Quantitative Risk Analysis
- Definition
- Techniques
- Outputs
Risk Response Planning
- Risk Definition
- Techniques
- Outputs
Risk Monitoring and Control
- Definition
- Assessing Success
- Tools and Techniques
- Recognizing New Risks
- Outputs
- Success Factors
Infrastructure
- To Improve Estimating Success
Summary and Conclusion
- To Develop Good Estimates
- To Effectively Manage Risks
