Estimation Process Deployment

Level 4 assists with the optimization of all estimation processes, including functional estimation as part of demand management; technical estimates to support resource scheduling and resource constrained scheduling; and on-going change request sizing during the project life.  Our ExcelerPlan product supports single project estimates at all stages of the project life; while our ExcelerStat governance product supports demand management, integrated planning and resource forecasting, and resource scheduling.

A project budget is built up from the estimate (most likely scenario) plus risk related funds (contingency funds, mitigation funds, and management reserve).  Our ExcelerRisk product helps to quantify these risk funds and related risk exposure across a portfolio of products.

A typical estimation process deployment will involve configuring (or developing) several organization specific cost estimation models, using a combination of normalized company historic data and industry benchmark data.