Patent ID: 8260651
Filing Date: 2012-09-04
Classification: G06Q

Abstract:
1. A method for operating a data processor to estimate one or more resource factors associated with a steady state execution of a project by a second set of resources, the method comprising: a. receiving a required effort through an I/O interface coupled to the data processor, wherein the required effort is estimated for a first set of resources executing the project; b. calculating using the data processor, a primary effort estimate, wherein the primary effort estimate being calculated based on the required effort and a pre-determined efficiency, the primary effort estimate being calculated for the project, wherein the pre-determined efficiency is based on the performance of the second set of resources in comparison to the performance of the first set of resources; c. assigning in a memory a first weight to each of one or more first pre-defined parameters, wherein the one or more first pre-defined parameters are associated with engagement characteristics of the project, the first weight being assigned based on one or more requirements of the project; d. assigning in the memory a second weight to each one of one or more second pre-defined parameters, wherein the one or more second pre-defined parameters are associated with portfolio characteristics of the project, the second weight being assigned based on one or more requirements of the project; and e. generating using the data processor a value corresponding to each of the one or more resource factors based on at least one of the primary effort estimate, available time with the second set of resources and at least one of the weighed one or more first pre-defined parameters and the weighted one or more second pre-defined parameters, wherein the available time is calculated based on the number of working hours in a pre-defined period of time.