Estimating Lessons Learned in Project Management – Traditional (#2 in the series Estimating Lessons Learned in Project Management) By Thomas Cutting Estimating is probably the hardest part of any project. My wife will attest...
Utilizing Earned Value Management During Economic Downturn By Kevin L. Smith, MBA, PMP The current economic turmoil that is impacting the globe is forcing corporations to creatively identify opportunities to cut cost. CFOs are...
Common Tools for Cost Estimating in Project Management By John Filicetti Some of the tools the project manager can employ for cost estimating are: Resource rates – The individual or group preparing the estimates...
Just Think of all the Money That We’ve Saved! By Susan Peterson Organizations continue to enforce relentless cost reduction efforts in the face of global competition. Given the emphasis on minimizing costs, virtually every...
Project Cost Control – Best Practices By Michele Berrie, Queensland University of Technology Comparing the actual project cost against the original planned cost is a customary method of determining whether a project has been...
Cost Estimating in Project Management – A Definition By John Filicetti Estimating is a critical component of a Project Management Process or methodology. Estimates are used for budgeting, planning, forecasting, resource planning, and staffing....
Cutting Project Costs & Exceeding Expectations – A Simple Seven Step Solution By ExecutiveBrief Staff Think it’s impossible to strike a balance between cutting costs and exceeding expectations on a software development project? It’s...
Earned Value Management (EVM) Example – Predicting Cost/Finish Date By Umesh Dwivedi The best way to understand an EVM example is to solve it. Problem A project is budgeted for $10M and scheduled for...
Estimating Resource Requirements – Non-Person Resources (#9 in the Hut A Quick Guide to Project Management) By Manjeet Singh You may also need to factor in the availability of nonperson resources such as supplies,...
Use Project Estimation Tools (#16 in the series 21 Project Management Success Tips) By Karl E. Wiegers Many commercial tools are available to help you estimate entire projects. Based on large databases of actual...
