The Problem: Estimating a Complex Project Duration

Schedule/Cost Risk, politics, competition for capital dollars are all factors affecting our project decisions and choices. Not understanding the key elements of a project that will contribute to schedule and cost risk will invariably result in overruns that can quickly absorb the returns expected from the investment. This paper attempts to provide the project team with a model that considers some risk factor elements to assist with the selection of project alternatives and more intelligent schedule/cost estimating.