article thumbnail

Why You Should Use Ranged Estimation for Your Projects

LiquidPlanner

The definition of a project includes having a defined end. I my first 15 years, I used single-point estimation to build project schedules. The next ten years I used ranged estimations with traditional Gantt chart project scheduling software tools – this was better but cumbersome. What Can Ranged Estimation Address? .

Estimate 156
article thumbnail

Epicflow Glossary: Names of Features and Terms Used in the System

Epicflow Blog

Be aware that to be able to use Epicflow, you should have an idea of every term and its definition. In this section, you’ll find all Epicflow features and functionalities with their definitions. . Read more: Bubble Graph: Critical Chain Fever Chart Re-Imagined. Critical Chain . Bubble Graph. Budget View .

Insiders

Sign Up for our Newsletter

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

article thumbnail

Waterfall Should Have Never Existed: Part 1

MPUG

After all, project management, by its definition, is ‘ managing a temporary endeavor that creates a unique product, service, or result’ (PMBOK ® Guide, any edition). In my estimation, Agile will be applied in at most 50% of our world’s projects and, in a few years, less than that as I see in my crystal ball.

article thumbnail

How to Beat Parkinson’s Law and Deliver Projects in Half the Time

Epicflow Blog

Usually, time estimates are exaggerated in order to cover Murphy’s Law (If something can go wrong it will go wrong). When your team is working on a project and every member has their individual tasks with estimated durations, your project due dates are dependent on these people’s efficiency. Albert Ponsteen.

article thumbnail

5 Signs of Bad Resource Allocation and How to Improve It with a Resource Management Solution

Epicflow Blog

Read further to estimate the level of your resource allocation and take measures to advance it. . when task priorities are unclear or absent; in case of improper task estimations. . That is why the amount of work should be estimated, not the time it will take to complete the task. Sign 5: Failed projects and unsatisfied clients.

article thumbnail

Overview of the PMBOK® Guide Seventh Edition – Lesson 3 Transcription

MPUG

In addition to that, as well as the PMI standards plus to lead the way for the immediate processes, the techniques when it comes to things like estimating or requirements management and things along those lines. Jeff: Definitely getting into that, because that gives you a broader overview of the performance domain. Where is that?

PMI 59
article thumbnail

Tips and Tricks for Smart Project Planning

Wrike

Thus, the formal critical path for small projects is often obvious enough for project managers and for project management software. Project management tools are helpful in the visualization of the schedule, and in quick calculation of an approximate end date when there are estimates in place. Involve your team in the planning process.