The article $"$Go Parametric to Reduce the 'Hectic'" from the Project Management Institute $($PMI$)$ website underscores the benefits of parametric estimating in mitigating project management challenges. Parametric estimating, a technique grounded in historical data and mathematical models, offers a systematic approach to project estimation.

By leveraging past project data and predefined parameters, parametric estimating enables project managers to generate estimates efficiently and accurately. This method enhances decision$-$making by providing insights into cost, time, and resource requirements based on project characteristics.

Furthermore, parametric estimating contributes to reducing the chaotic nature often associated with project management. By offering structured and data$-$driven estimates, it helps project teams navigate uncertainties and complexities more effectively.

Ultimately, embracing parametric estimating empowers project managers to enhance project planning, execution, and control processes, leading to improved project outcomes and reduced stress levels.