On page 133 of Project Management: The Managerial Process, there is a “Snapshot from Practice” about reducing estimating errors. Review the information contained there. Six strategies are described to minimize errors:
Identify all stakeholders
Involve the stakeholders when creating the estimates
Aggregate the estimate by comparing several models
Manage the project against the estimates
Track projects closely
Track actual costs and times at a granular level
Imagine you are the project manager of the project described in the Medical Informatics case study (provided for your final project). Choose one of the strategies described above, and discuss how you would employ this strategy as the project manager. How would using this strategy increase the chances of a successful outcome in this particular case?
In responding to two of your peers, describe whether you agree or disagree with their strategy and predicted outcome, and offer one piece of constructive feedback.
To complete this assignment, review the Discussion Rubric document.
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