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The secret weapon to precise project planning: Parametric estimating (with examples!)

Rebel’s Guide to PM

What is parametric estimation? Parametric estimating is a form of project estimation that works for time, resource and cost estimates. It uses parameters (characteristics) to create estimates based on what you already know, so in that respect it’s useful for a project manager because it’s reliable.

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Analogous Estimating in Project Management: A Quick Guide

ProjectManager.com

For those who prefer a more erudite term, theres analogous estimating. What is analogous estimating in project management? What Is Analogous Estimating? Its a form of top-down estimation that relies on historical data and expert judgment rather than detailed analysis.

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8 Construction Cost Estimator Software

ProjectManager.com

Without a construction cost estimator to accurately forecast the project’s financial commitment, the budget can get out of control. What Is a Construction Cost Estimator? A construction cost estimator is a software tool designed to help predict and manage a construction project’s total expenses.

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7 Free Estimate Templates for Excel

ProjectManager.com

Better estimates lead to better projects. This is where an estimate template can help set a project up for success. Download these free estimate templates to deliver projects on time, within budget, and according to stakeholders’ expected quality standards. For that, download this free job estimate template for Excel.

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Drive Better Results for Your Professional Services Firm Part 2: Deliver Profitable Projects

Speaker: Patrick Connally and Andy Yeomans

Inaccurate or unrealistic project estimates, ineffective resource management, and lack of visibility into project burn rates and progress can all negatively impact the overall performance and profitability of a project. Many factors can impact the ultimate profitability of professional services projects.

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Work in Progress (WIP) Report in Construction (Template Included)

ProjectManager.com

Estimated Project Cost: The total amount for all the costs that the contractor will cover as the construction project is built. Estimated Profit: The difference between the contract value and the estimated project costs, or in other words, the profit that the contractor will make.

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Free Google Sheets To-Do List Template: Create Plans Online

ProjectManager.com

This free Google Sheets to-do list template helps team leaders such as project managers or business managers assign tasks to their team members and track their percentage of completion, priority level, estimated cost and notes. Estimate those costs and compare them against the actual cost of tasks to keep track of budgets.

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