Six strategies to minimize estimating errors:

i. Identify all stakeholders

ii. Involve the stakeholders when creating the estimates

iii. Aggregate the estimate by comparing several models

iv. Manage the project against the estimates

v. Track projects closely

vi. Track actual costs and times at a granular level

Imagine you are the project manager of an ongoing project. Choose one of the strategies described above, and discuss how you would employ this strategy as the project manager. How would using this strategy increase the chances of a successful outcome in this particular case?