The Accuracy of Initial Estimating Efforts in Network Managed Air Force Projects.
Abstract
Project managers often use network methods to divide a project into basic activities, estimate the time required for each activity, and then construct a network to show the interrelated sequencing of the activities. The initial estimated activity times provided the basis for financial planning, resource requirements determinations, and the scheduling of resources. The accuracy of the initial estimates is critical to achieving targeted project objectives since these estimates frequently determine resources authorized and committed to the project. Because of the importance of the initial estimates, further research was required to determine how accurate the initial estimates are. This research effort demonstrated that there is a difference between the initial estimates and the actual activity time in Air Force network-managed projects which resulted in optimistic estimates.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 1975
- Accession Number
- ADA006333
Entities
People
- John F. West Iii
- Paul E. Tyler
Organizations
- Air Force Institute of Technology