Remove Budget Remove Change Management Remove Estimate Remove Exercises
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Ask a PM: How to Get Proper Estimates

LiquidPlanner

How do you deal with a team that refuses to estimate how long tasks will take? Estimating can be done in several solid ways, and frankly, it sounds as if your colleagues don’t know how to estimate properly or are scared to give you the timescales that pop into their heads. It is difficult to estimate when the task is too big.

Estimate 602
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Top 10 Reasons for Project Failure

ProjectManager.com

Project failure can be delivering a project after its deadline, over its budget or not meeting its quality expectations. Fostering collaboration through project management tools , team-building exercises and other tools and techniques will drive productivity. What Is Project Failure?

Estimate 282
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10 Knowledge Areas of project management (PPT & PDF included!)

Rebel’s Guide to PM

In this KA, you cover everything to do with defining the work required to deliver the scope, putting those tasks in the right order, estimating how long they will take to do and building the project schedule. Cost Management Cost management is basically managing funding for project activities.

PMI 207
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Impacts of traditional project funding models on agile delivery

Kiron Bondale

Traditional project funding models are anchored to periodic (annual, semi-annual or quarterly) portfolio re-planning exercises which ingest updated forecasts for active investments and funding requests for new ones. This is true, but how do we know how much to budget up-front to be confident in meeting business needs?

Agile 179
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What Is Cost Overrun? How to Prevent It

Wrike

With about 28% of projects failing due to imprecise cost estimates, it’s clear that your project plan deserves time and attention. Inaccurate forecasts about costs, resources, benefits, and estimated durations can bring project risks that could impact your organization’s profitability and growth opportunities. Scope creep.

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Review Practical product management for product owners

Henny Portman

Influencers get things done without exercising formal authority over a person or team. Product goals are SMART (specific, measurable, achievable, realistic, timely) or INVEST (independent, negotiable, valuable, estimable, small, trestable), are market or customer driven, should be ambitious, yet achievable, are measurable (e.g.

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Avoiding Root Causes of Troubled Projects

MPUG

Encourage the customer to budget for changes upfront, so they will have the flexibility to address changing requirements during the project without seeking additional funding. Inaccurate Estimates. Use the most appropriate estimating tools available. Failure to Implement/Exercise Proper Change Management Process.