Category: Cost Estimating
Simple Guide to Quickly Sizing/Costing a Project Up Front By Neil Killick Identify high level requirements (epics and stories) and size them XS, S, M, L or XL (T-shirt sizes) so that each story...
Estimating the Unknown: Dates or Budgets – Part 1 By Johanna Rothman Almost every manager I know wants to know when a project will be done. Some managers decree when a project will be...
Project Schedule and Cost Estimating – Part 1 By Martin Webster There can’t be a crisis next week. My schedule is full. – Henry Kissinger Project schedule and cost estimating are very important activities....
Project Estimation: Two Conflicting Trends By Jed Simms In a number of organizations I have noticed two conflicting trends: Organizations want business cases produced earlier (to prevent wastage of funds) Organizations want increased estimation...
Project Management Foundations – Creating a Meaningful Project Budget By Steve Hart As a person who had both project and cost center budgeting responsibilities for many years, I must admit this was an effort...
Using Risk Management to Improve Project Budget Estimation By Abdulla Alkuwaiti Producing a good estimate for your project budget is not an easy task. Chances are you spent a great deal of time identifying...
Analogous Estimating / Top Down Estimating – A PMP Definition By Sivaraj Dhanasekaran Analogous Estimating, is one form of expert judgment and it also known as Top-down Estimating. This technique is used to determine...
How to Make an Accurate IT Project Budget By James Standen Below are five tips for creating an Accurate IT Project Budget: Establish scope clearly before you establish budget This sounds obvious but its...
Project Cost Estimating Process Interactions By John Filicetti Referring to the Cost Estimating Process Flowchart below, the individual processes are linked by their inputs and outputs. This Flowchart also indicates the key points at...
Bid Estimates in Construction Project Management (#16 in the Hut Project Management for Construction) By Chris Hendrickson The contractor’s bid estimates often reflect the desire of the contractor to secure the job as well...