article thumbnail

Project Budgeting: An Interview with Sol Benady

Rebel’s Guide to PM

I talked to him in the Project Management Club on Clubhouse about project financial management and handling budgets. 5 Tips for Managing a Project Budget. We know that keeping on top of your budget is key when it comes to managing projects. So we asked Sol his top tips for budgeting: 1. Use a budget template.

Budget 361
article thumbnail

What Is a Burn Up Chart In Agile Project Management?

ProjectManager.com

But if you’re working in an agile environment, the Gantt chart isn’t the right tool for your iterative approach to project management. A burn up chart is a tool used in agile project management to measure progress. This also allows them to estimate the time left in the sprint or project. What you need is a burn up chart.

Agile 346
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is Level of Effort (LOE)? Plus, 5 Tips for Effort Estimation

ProjectManager.com

One common example is a budget report. To create an accurate budget report, you must keep up with supporting activities like submitting receipts and expenses, communicating with stakeholders, recording cost changes, etc. What Is Effort Estimation? These estimations are the foundation of sound project planning.

Estimate 411
article thumbnail

Kanban vs. Scrum: What’s the Difference?

ProjectManager.com

Kanban and scrum are agile project management methodologies that can be used for similar purposes, but each has its unique pros and cons. Assign work to your team members, manage resources, estimate costs, automate workflows and much more. So, which is the best project management method if we compare kanban vs. scrum? What Is Scrum?

SCRUM 412
article thumbnail

Estimating Agile Projects.Or Not

Leading Answers

Project managers generally like plans and estimates so we can forecast when things should be done and how much they may cost. " So, when project managers hear about ideas such as "let's stop estimating," it can trigger a knee-jerk reaction. It sounds lazy and avoiding the hard work of having to estimate.

Estimate 131
article thumbnail

All About T-Shirt Sizing Agile Estimation Technique

Agilemania

Companies who use Agile like the fact that it is not inflexible. If firms who use Agile grasp the spirit of it, they can readily adjust it to meet their own needs and assure optimal production. Agile estimation is one of the greatest instances of this. Let us just talk about t-shirt size estimation in Agile in this post.

article thumbnail

Roadmapping and Budgeting with Rapid Estimation

Leading Agile

Importantly, we have to be able to do that without redirecting the whole org to create an estimate. We have to get good at taking ambiguous requirements and translating them into chunks that we can meaningfully size, even though we have very little info — rapid estimation. The unit of delivery is the Agile team.”.

Estimate 110