estimation-of-project-cost-overview-of-the-process-main-challenges-and-recommendations Blog Related Topics 
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. At the same time, the forecasted cost should not be too overestimated or underestimated. What helps make cost estimation simple and efficient?
Epicflow Blog
OCTOBER 1, 2022
No project is immune to factors that may result in cost overrun – from a mistake made by a team member that will extend a project’s timeline to force-majeure events like pandemic or war. . However, most of the causes for cost overrun can be explained by poor project and resource management.
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nTask
MARCH 10, 2022
Planning is the core principle of a project. So, are you confused about what a project plan is in business? As tempting as it might sound to be overly spontaneous and impromptu with your project execution, going ahead without a plan can lead to various dangers. What is a Project Plan in Business? True, right?
Epicflow Blog
MAY 4, 2023
If we needed to choose one word that best describes R&D projects, it would be “uncertainty” – they have so many changing elements and their outcomes are often hard to predict. Nevertheless, this doesn’t mean that these projects cannot be successfully managed.
Epicflow Blog
DECEMBER 1, 2022
Project management involves creating lots of documentation. If you look into project management standards, you will find at least a dozen of various plans, multiple types of reports, and numerous other documents. A Business Case: Presenting the Idea of a Project . If a business case is approved, a company can start a project. .
Resource Guru
APRIL 10, 2023
Project closure often gets overshadowed by the execution phase , and to be fair, there can be some confusion and overlap between the two. But this is exactly why the project closure phase exists: to make sure that there’s a clear finish line, that projects are fully signed, sealed, and delivered as agreed on.
Teamweek
JULY 22, 2022
Is project management necessary for marketing and advertising agencies? You may wonder if you and your clients really need to budget for people and time to manage a project. After all, it doesn’t add anything to your project’s deliverables. What are the best project management methods for marketing agencies?
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