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List and Describe the Resource Estimation Techniques Presented in the PMBOK

question 39

Essay

List and describe the resource estimation techniques presented in the PMBOK. Also, describe how benchmarking, mind mapping, and brainstorming are used in activity resource estimation. Give examples for each technique.


Definitions:

Financing Statement

A document filed by a creditor to indicate a security interest in the property of a debtor, used in securing loan agreements.

Perfection

In legal and finance contexts, the act of securing a priority interest in collateral to protect a secured loan or transaction.

Certificate of Deposit

A savings certificate entitling the bearer to receive interest, which has a fixed maturity date, and typically restricts withdrawal of funds before that date.

Breached the Peace

Breaching the peace refers to causing a disturbance or acting in a manner that disrupts public order or tranquility, often leading to legal penalties.

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