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Why You Should Use Ranged Estimation for Your Projects

LiquidPlanner

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. Ranged estimation has been around since the introduction of PERT and the three-point estimation method.

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Bubble Graph: Critical Chain Fever Chart Re-Imagined

Epicflow Blog

Every project manager using traditional tools to run their projects looks for ways to deliver them faster and make this process more efficient. Let’s examine the way Epicflow’s team has made a classical critical chain (CC) tool called “Fever chart” more powerful with Bubble Graph. . References: Goldratt, E.M.

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What Is Resource Leveling in Project Management?

Teamweek

With this data at your fingertips, you can create more realistic schedules and make more accurate project time estimates. Increased complexity : Adjusting schedules and reallocating resources adds layers of complexity to the project management process. The post What Is Resource Leveling in Project Management?

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

Epicflow Blog

Read more: Bubble Graph: Critical Chain Fever Chart Re-Imagined. A process of gathering resources into groups based on their characteristics and skills and further administering them in terms of resource allocation. The reference levels against which a project, programme or portfolio is monitored and controlled.

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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). Parkinson’s Law may refer not only to time issues but also budget limits. On the other hand, it also can be referred to as psychology: the more money we have the more we spend.

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Waterfall Should Have Never Existed: Part 1

MPUG

In the process of this development, Agilists hijacked a few techniques and presented them as their own. 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. Critical Path, Resource Critical Path, Critical Chain, Earned Value, Earned Work, etc.)

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The Complete Glossary of 614 Project Management Terms

Workamajig

Bookmark this project management glossary and refer to it whenever you come across any project management jargon. Acceptance Test: A process through which a project's end users run through the project to identify any potential issues before it can be formally accepted. Actual dates are different from planned or estimated dates.