Within the realm of venture administration, the time period “Finest and Flanagan” holds vital significance. It refers to a well known approach for estimating venture prices, developed by engineers Edward Finest and Robert Flanagan within the Nineteen Seventies.
The Finest and Flanagan methodology includes gathering knowledge on related tasks, analyzing their prices, and making use of statistical methods to forecast the prices of a brand new venture with related traits. This methodology is especially helpful when historic knowledge is accessible and the venture scope is well-defined.
