What are the best practices for parametric estimating?
An example of an AI chatbot conversation about best practices for parametric estimating.
What are the best practices for parametric estimating?
Best practices for parametric estimating include using historical data, ensuring data accuracy, and involving experts.
Can you explain how to gather historical data effectively?
To gather historical data effectively, identify relevant past projects, ensure data consistency, and validate the data.
What tools can I use for parametric estimating?
Tools like Monte Carlo simulations, Excel, and specialized project management software can be very helpful.
How do I ensure the accuracy of my estimates?
To ensure accuracy, regularly update your data, review estimates with stakeholders, and adjust for project specifics.
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