Creating a New Estimating Model

This page describes the process for defining an estimating model and then applying it to a process.

  1. Use the File menu in the main tool bar to select New and then Estimating Model.

  2. The New Estimating Model wizard will appear. Enter a Name: for the new estimating model and a Brief description:.

  3. Enter the default estimating factors that will be used in the estimating model.

    • Name: The label used to identify this factor.
    • Count: the number of occurrences of the estimating factor to be used in an estimate
    • Low estimate: a low estimate for the number of hours effort for one occurrence of the estimating factor
    • High estimate: a high estimate for the number of hours effort for one occurrence of the estimating factor
    • Most likely estimate: the most likely number of hours effort for one occurrence of the estimating factor

    These default values can be over-ridden everywhere the estimating factor is applied. They provide a starting value or can be used unchanged if appropriate.