Scrum.org

SEPTEMBER 20, 2021

TL; DR: Estimates Are Useful, Just Ditch the Numbers. Many people dislike estimating work items as estimates supposedly open the path to the misuse of velocity by the managers, reintroducing Taylorism, micro-management, and excessive reporting through the backdoor. Shall I notify you about articles like this one?

Estimate 228

Estimate SCRUM 2022 Agile 228

Kiron Bondale

OCTOBER 24, 2021

Estimates are guesses. I had also received similar estimates from two different technicians and both seemed very experienced. Remember the upper end of the original estimate range was an hour and a half. Given this, my expectations were set that I would make it home by noon to enjoy lunch at my usual time.

Estimate 194

Estimate Leadership Risk Process 194

Rebel’s Guide to PM

APRIL 10, 2023

Estimating for success Maybe best of all, Moore talks about range-based estimates – a topic I’m very interested in. Moore explains that estimates are biased towards the initial values because people don’t adjust their estimates again after making that initial decision. He recommends being pragmatic with monitoring.

PMO 428

PMO 2016 Estimate Initiating 428

Leading Answers

AUGUST 25, 2020

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

Estimate Software Review Underperforming Technical Team Agile 131

Rebel’s Guide to PM

APRIL 8, 2022

Give us more data. Projects generate huge amounts of data. Searching historical project data and surfacing relevant information is tough. Big data and artificial intelligence features should be making it easier. For example, imagine reviewing estimates from the project team. Yes, I would.

2022 445

2022 Artificial Inteligence Technical Review Software Review 445

Productivity Land

MARCH 26, 2024

In the era of big data, businesses are inundated with vast amounts of information. Yet, simply having data isn’t enough. This is where data visualization plays a pivotal role. In this article, we will explore how businesses harness the power of visualization to transform raw data into actionable intelligence.

Innovation 83

Innovation Logistics 2024 Initiating 83

ProjectManager.com

JUNE 20, 2024

More than organizing the work of a project and assigning tasks to teams, they can help managers estimate labor costs for each project task based on the number of workers and their hourly rate. Facilitates the Allocation of Direct Labor Costs The better direct labor costs are estimated, the better managers can allocate those production costs.

Manufacturing 296

Manufacturing Construction Estimate Monitoring 296

Teamweek

DECEMBER 22, 2023

Parametric estimation is a crucial estimation technique in project management. That’s because parametric estimations are highly accurate and take some guesswork from your estimation process. What is parametric estimating? The more granular the parameter, the more accurate the estimate.

Estimate 52

Estimate Software Review Project Cost Risk Management 52

Teamweek

NOVEMBER 3, 2023

Top-down estimating is a form of estimation where existing knowledge of similar projects is used in the estimation process to produce a ballpark figure for the total cost. Like other methods to estimate a new project’s cost , top-down estimation has advantages and disadvantages. What is top-down estimating?

Estimate 52

Estimate Budget Influencer Initiating 52

Rebel’s Guide to PM

MARCH 29, 2024

Granted, if the budget you build in the proposal phase is carefully put together and everything goes according to plan, you will end up using that directly as your project budget, but for the purposes of this article, let’s just stick to the proposal phase. For more on how to create a project budget, this article has all the info you need.)

Budget 329

Budget Planning Estimate Consulting 329

MPUG

APRIL 2, 2020

can become an accurate estimating tool for top-down (Analogous) and bottom-up (Parametric) estimating. Unfortunately, the large majority of project managers estimate tasks with durations and update tasks by entering %-complete as reported by team members. Using a Schedule Template for Estimating. It’s not hard to do.

Estimate 106

Estimate 2016 2019 Risk Management 106

MPUG

JANUARY 8, 2024

By definition, there can be no data on exactly how long this unique effort will take. The solution, of course, is estimating. There is a whole science to estimation, and it would be possible to go very deeply into this. But before we start, let’s tackle the Estimation Elephant in the Room….

Estimate 52

Estimate Technical Review Risk Management Agile 52

Rebel’s Guide to PM

MARCH 18, 2021

In this article we’ll look at the types of artifacts in project management, typical documents for each type. Artifacts are categorized in the PMBOK® Guide – 7 th edition into 9 different types and that’s what this article is going to look at. The article will be updated in due course. Visual data and information.

Artificial Inteligence 511

Artificial Inteligence Logistics PMI Performance Measurement 511

Teamweek

AUGUST 1, 2022

Project cost estimation can be challenging, especially when the project is complicated and has many moving parts. In this guide, you’ll learn: What a project cost estimate is Why most project cost estimates are terrible How to create an accurate project estimate What to do after creating your project cost estimate.

Estimate 52

Estimate Project Cost Web Development Software Review 52

ProjectManager.com

JULY 16, 2024

Real-time project and portfolio dashboards give a high-level overview to analyze project data and share it with subcontractors. Users will appreciate the benefits of pre-planning design, estimating and scheduling features. Those who have used the software complain about the estimating features. 5 Capterra review: 4.4/5

Construction 348

Construction Software Review Software Estimate 348

MPUG

JUNE 1, 2020

Excel is also a great tool for analyzing any type of data. The advantage of Excel is that it is more commonly used and can analyze any type of data. In fact, these Visual Reports use Excel’s data analysis features to analyze MSP schedule data. MS Project Data and Excel Pivot tables. Refer to Figure I below.

2010 112

2010 2013 Estimate Planning 112

Rebel’s Guide to PM

APRIL 22, 2024

Resource management is difficult because work is unpredictable and people aren’t very good at estimating! But you’re going to have to do them if you want to make data-driven decisions. Managers don’t have visibility Resource managers don’t know what their team members are working on as there is no visibility on resource data.

Technical Review 290

Technical Review PMO Risk Management Software Review 290

Rebel’s Guide to PM

MARCH 11, 2021

AI has turned up in the project management trends articles over the past few years and it’s now most definitely here to stay. AI can automate many of the repetitive tasks involved in managing projects, like data collection, reporting and status tracking. Lloyd Skinner. Where is artificial intelligence taking project management?

Artificial Inteligence 514

Artificial Inteligence 2030 Technical Review Underperforming Technical Team 514

Teamweek

JULY 29, 2022

“ I’ve done this a million times–let’s skip estimating just this once.”. You rush through the beginning estimates only to miss deadlines, blow budgets, and draw raised eyebrows from clients. In this guide we’ll cover: What are project estimation techniques? What are project estimation techniques? Cost estimations.

Estimate 52

Estimate Software Review Risk Management Budget 52

Rebel’s Guide to PM

AUGUST 12, 2024

In this article we’ll look at tips for risk management, the role of the risk log, how risks relate to issues and share some project risk examples. Airline, hotel and insurance industries take a scientific approach to risk management because they’ve got the data to support that. What is project risk management?

Risk Management 334

Risk Management Risk Underperforming Technical Team Governance 334

Epicflow Blog

MARCH 2, 2020

Four Storytelling Techniques to Bring Your Data to Life. The paper published by Nancy Duarte reveals the necessity for leaders of dealing with people closer as data is produced by people working for your company. The next move is to get in contact with the people engaged in data generation. Assist in making group decisions.

Leadership 95

Leadership Estimate Consulting Risk Management 95

Rebel’s Guide to PM

JUNE 29, 2022

Consider the following attributes of a modern transaction processing system, whether located on a server in the corporate data center or delivered as Software-as-a-Service in the Cloud. Part of auditability comes from system documentation, and part comes from visibility of all integrity-related modifications to the system and to data records.

2014 356

2014 Information Technology Controlling Budget 356

LiquidPlanner

AUGUST 28, 2018

Over on the eLynxx Solutions blog, the article Top 4 Reasons Why Spreadsheets are the Wrong Tool for Managing Projects brings up the biggest limitation of spreadsheets for project management: they aren’t designed to store files, annotations, conversations, and related information that are essential parts of project communication and collaboration.

Underperforming Technical Team 772

Underperforming Technical Team Software Developers Software Development Agile 772

Rebel’s Guide to PM

APRIL 2, 2023

Data about how far off the original estimates were is needed to make accurate forecasts. This includes validating all the estimates and checking how people arrived at them because it helps you produce an accurate forecast for program completion. This article first appeared at Rebel's Guide to Project Management

Underperforming Technical Team 421

Underperforming Technical Team Technical Review Sustainability Estimate 421

Rebel’s Guide to PM

JULY 20, 2023

In this article we’ll look at the types of artifacts in project management, typical documents for each type. Artifacts in the PMBOK Guide – Seventh Edition Artifacts are categorized in the PMBOK® Guide – Seventh edition into 9 different types and that’s what this article is going to look at. What is an artifact?

Logistics 263

Logistics Artificial Inteligence PMI Performance Measurement 263

ProjectManager.com

MARCH 20, 2024

To help you once you break ground on your construction project, we’ll throw in some free construction project management templates on estimating, scheduling and budgeting. Construction Budget Confirm the construction budget and cost estimations so that all parties are clear on the allotted costs for materials, labor, overhead, etc.

Construction 336

Construction Software Review Estimate Underperforming Technical Team 336

Productivity Land

MARCH 21, 2023

As technology advances, the demand for skilled data scientists is growing exponentially. Companies in the United States and worldwide are hungry for professionals who can interpret vast quantities of data, perform complex analytical operations, and make meaningful insights from it that can help inform business decisions.

Artificial Inteligence 72

Artificial Inteligence 2027 2019 Certification 72

Rebel’s Guide to PM

JULY 13, 2022

Have you noticed these are all framed in terminology used for project estimating ? Use stories to report data. Put your data points in context by also talking about how you got there and what you are going to do differently now. “We This gives them the data to trust you in a format they can easily understand. Next steps.

2015 464

2015 PMI Estimate Planning 464

ProjectManager.com

FEBRUARY 27, 2024

Using project planning templates can help you schedule tasks, estimate budgets and allocate resources. Being able to accurately estimate those costs and make a realistic project budget can make the difference between a healthy profit margin and losing money on the project. Without a plan, projects are in trouble.

Planning 369

Planning Software Review Risk Management Budget 369

Project Bliss

APRIL 18, 2017

For full disclosure, this article contains affiliate links. But what about all that data in the old system? Gordon has you covered with his book The Data Conversion Cycle: A guide to migrating transactions and other records, for system implementation teams. For more information, see my disclosure page. It’s Complicated.

Software Review 202

Software Review 2013 Risk Management Risk 202

Epicflow Blog

JULY 5, 2022

Estimation of project cost is one of the core practices of the project initiation stage, which becomes the basis for the approved project budget. Therefore, a proper cost estimation is about finding a fine line in this complex process. What helps make cost estimation simple and efficient? How to estimate project cost .

Project Cost 52

Project Cost Estimate Process Budget 52

Teamweek

JULY 29, 2022

Inaccurate time estimation is the cause of 25% of failed projects. Learning how to estimate time for a project is tricky, but critical to its success. In this guide we’ll go over: What is time estimating in project management? Why is estimating time for tasks important? What is time estimating in project management?

Estimate 52

Estimate Technical Review Underperforming Technical Team Software Review 52

Rebel’s Guide to PM

OCTOBER 7, 2023

Learn more We earn a commission if you click this link and make a purchase, at no additional cost to you #ad Applying Project Management in the Real World capstone: overview The premise of the capstone is that you work through a realistic project scenario, responding to data as it unfolds. Next, fill in the time estimates for project tasks.

Certification 321

Certification Software Review Estimate Risk Management 321

Rebel’s Guide to PM

NOVEMBER 26, 2019

Give us more data. Projects generate huge amounts of data. Searching historical project data and surfacing relevant information is tough. Big data and artificial intelligence features should be making it easier. For example, imagine reviewing estimates from the project team. Yes, I would.

2020 285

2020 Artificial Inteligence Technical Review Software Review 285

Wrike

OCTOBER 4, 2023

Accurate construction cost estimates are crucial for successful project planning and execution. Understanding the Basics of Construction Budgeting Accurate cost estimation is the cornerstone of construction budgeting. Moreover, accurate cost estimates play a crucial role in financial planning and control.

Construction 36

Construction Estimate Budget Technical Review 36

Rebel’s Guide to PM

FEBRUARY 5, 2024

In this article we’ll look at how to segment costs, how to find out the cost of things, and then how to structure your budget. If you are planning a budget for a project proposal i.e. pitching to someone else for them to secure your services to deliver a piece of work, then read this article about preparing a budget for a proposal.

Budget 320

Budget Project Cost Estimate Finance 320

Rebel’s Guide to PM

FEBRUARY 12, 2024

They might not be a popular choice but once you have made the switch you’ll find the data incredibly useful. Finally, make sure that when you are scheduling you are doing so with all the data – correct and accurate data. Boost your skills: Timesheets will help you track time more effectively. Need a mentor?

Finance 333

Finance Risk Management Budget Risk 333