Project estimating system and method
US8484060B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | May 28, 2003 |
| Grant date | Jul 9, 2013 |
| Priority date | — |
| Expiry date | Aug 4, 2030 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q10/0635
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system and method for calculating task times for a project. A project estimating system is disclosed that allocates time to a list of tasks, comprising: a system for determining a total project time to complete a project; and a time allocation system that generates a task time for each task based on the total project time and an estimating factor associated with each task, wherein the time allocation system includes an iterative algorithm that iteratively calculates an adjustment factor to be applied to each task. Finally, the calculated adjustment factor can be compared against preset levels and provide an indication of project risk and the likelihood that the project will complete on time.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.