Creating estimates for aprojectis a tricky job. The estimator has to be very skilled and must consider all aspects of the project while creating a project estimate. Creating the right estimate is very important, as faulty estimates may lead to additional budget and also crossing theproject deadline, ultimately these factors lead to aproject failure.
An efficient project estimator outlines all the aspects of the project before creating a final estimate. Project estimators focus on schedules, budgets, and resources. They may also consider other project aspects which purely depend upon the requirements and complexities of the project. In this infographic, we will focus on different types of project estimation methodologies.