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Rough Order of Magnitude (ROM): Understanding ROM Estimates

ProjectManager.com

No one needs to tell you that projects cost money. But how much they’ll cost is an open question. The closer you can come to an accurate forecast of project costs, the more likely you’ll deliver a successful project. Rough order of magnitude (ROM) can help you better estimate project costs.

Estimate 351
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Runn Software Review

Rebel’s Guide to PM

Resource management is one of the biggest challenges for project professionals. And if you can’t simply lean over the desk to ask Fred if he’s free next week to do something new, it’s hard. Summary review of Runn: If you find managing resources a headache because you never know who is free when, then check out what Runn can do.

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125 Project Management Buzzwords

The IIL Blog

Benchmarking Identifying a project performance indicator or practice, then assessing it against industry standards or best practices. Bottom-up Estimating A project estimation technique that leverages tactical-level team members/subject matter experts (SMEs) to break down tasks into smaller components to create a more accurate estimate.

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Software Estimating Resources

Herding Cats

This blog page is dedicated to the resources used to estimate software-intensive systems using traditional and agile development methods. Cost Modeling Agile Software Development,” Maarit Laanti and Petri Kettunen, International Transactions on Systems and Applications, Volume 1 Number 2, pp. Performance Evaluation of non?Markovian

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Estimating is a Learned Skill

Herding Cats

Estimating is a learned skill, used for any purpose from every-day life to management of projects. When I left for the airport this morning to catch my flight to a customer site I estimated, given the conditions, how much time I need to get to my favorite parking spot at DIA. Google will find these when there is no URL provided.

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Monte Carlo Risk Analysis in Project Management

Project Pulse Journal

This is particularly useful in a process that cannot easily be predicted due to the intervention of random variables. It supports a detailed risk analysis, offering a range of probable outcomes instead of a single estimate. The costs being analyzed are Engineering, Marketing, and Information Technology (IT) Equipment.

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Different Project Management Terms Beginners Should Know

ProProfs Project Management

Any situation or event that can cause problems in project execution. . It refers to any prediction or estimation made on a project’s status, including how it will unfold in the future. Any discussion between teams to resolve difference on opinions or any other issues that negatively affect project execution.