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The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
 
 
 
 
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

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Home » Task Estimation » 80/20 Estimation Method: Using Baseline Duration
80/20 Estimation Method: Using Baseline Duration  

80/20 Estimation Method: Using Baseline Duration



 
 

80/20 Principle (aka "Pareto Rule") is a popular distribution assessment method that can be used to estimate duration of activities and tasks. The method is applicable to simple and routine tasks that do not require decomposition into smaller pieces.

The following action plan briefly explains how to use 80/20 Principle in estimating task duration:

  • Set baseline duration for simple tasks. Baseline duration is a time period required to perform a routine task physically. For example: "send an email" is a simple routine task that physically consumes the time required for typing, formatting and sending a letter by email.
  • Consider experience and skills of the assignee. It means baseline duration needs to be scaled to the amount of novelty of the task for the assignee. A more experienced employee will do a typical task quicker than a less experienced one. A more difficult task requires a more skilled assignee.
  • Use 80/20 Principle to adjust scaling of baseline duration. Considering Pareto Rule, baseline duration needs to be adjusted to the following statement: 80% of a task’s outputs will be produced in 20% of the task’s duration.

CentriQS Task Estimation Solution

Task estimation is "must-have" of effective time tracking solution. CentriQS offers an easy way to estimate task duration. Users can either enter time required for task execution (if task has no sub-tasks) or break tasks down into subtasks, and then estimated duration of parent task will be automatically calculated as total of subtasks estimates.

 
 
 
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