Question: Estimating practices involve several Project Management knowledge areas. It involves scope management, schedule, cost, quality, HR, communications, risk, procurement, and stakeholder management. Advancement in technology
Estimating practices involve several Project Management knowledge areas. It involves scope management, schedule, cost, quality, HR, communications, risk, procurement, and stakeholder management. Advancement in technology and the emergence of Industry 4.0 and the digital transformation will help project managers to be able to leverage advanced techniques and tools to gain more accurate and timely project estimating. Based on your reading for this week materials and any other external scholarly and accredited resources you care to utilize, discuss the following questions:
- What are some of the advanced digital tools and techniques available for Project Managers to gain transparency and accuracy in project estimating?
- How can project managers leverage these emerging technology to perform project estimating throughout the estimating life-cycle more efficiently?
- Please provide practical examples, what and how? from your organization if the technology is applied or other organizations' best practices.
- How would you apply digitalization in your project for this course?
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