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Project Documentation: 10 Essential Project Documents

ProjectManager.com

Project managers know the importance of having project documentation. Project documents must be accurate and constantly updated to keep current with the project. Creating and managing project documentation throughout the project life cycle is critical for project success, but where to start? What Is Project Documentation?

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What Is Project Risk? 7 Project Risks to Track

ProjectManager.com

Controlling risk is one of the most important areas of project management. Project managers need to know how to identify, track and mitigate project risk. Let’s learn what is project risk, some common examples and how can you manage it. What Is Project Risk? Get started for free today.

Risk 399
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How to Create a Project Initiation Document (Template Included)

ProjectManager.com

That’s why a project initiation document (PID) is so important. To understand why, let’s define the term and compare it to other project documentation. We’ll explore its importance and how to create a project initiation document, including all its many components. What Is a Project Initiation Document (PID)?

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Rough Order of Magnitude (ROM): Understanding ROM Estimates

ProjectManager.com

Rough order of magnitude (ROM) can help you better estimate project costs. But what is ROM and how can you calculate ROM estimates? We’ll explain the process, define the term and detail the steps for making a rough order of magnitude estimate. As noted, the rough order of magnitude is a technique to estimate project costs.

Estimate 352
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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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3 Ways to Improve Cost Estimates with Your Teams

Project Risk Coach

Do you ever feel like the Lone Ranger when working on cost estimates? Let's explore how to engage your team members and subject matter experts to improve your cost estimates. So, let's look at three techniques to use with your teams: Brainstorming Delphi Technique Nominal Group Technique 3 Team Techniques to Improve Cost Estimates 1.

Estimate 370
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Cost Estimation for Projects: How to Estimate Accurately

ProjectManager.com

Good cost estimation is essential for keeping a project under budget. Many costs can appear over the life cycle of a project, and an accurate estimation method can be the difference between a successful plan and a failed one. Estimation, however, is easier said than done. Projects bring risks, and risks bring unexpected costs.

Estimate 315