article thumbnail

Project Estimating: The Only Guide You Need

Rebel’s Guide to PM

Frankly it’s too hot, but it has made me realize one thing: I am no good at estimating. In fact, I’ve always known that I’m not good at estimating. The only thing I can estimate is time. In this article I’ll share estimating techniques for schedules and budgets: the kind of things we need to know to get projects done.

Estimate 388
article thumbnail

Project Budgets: Tips for Estimating & Cost Tracking – Clarizen

Planview

Tracking costs involves estimating budgets, establishing controls, measuring results, updating forecasts and continuous communication. The following are tips for estimating and tracking costs, but note, there is a specific order to execute precise cost tracking:   Pre-Planning. Estimate Budgets. Estimate Budgets.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Fix 5 Project Management Skills Gaps

Rebel’s Guide to PM

Below are 5 of the areas where I know people struggle with skills, and a couple of tips about how you can improve in those areas. Again, lean on the team to put together estimates that are reliable: working with the correct numbers makes everything easier and helps you avoid common scheduling mistakes !

Finance 319
article thumbnail

How to create a project budget

Rebel’s Guide to PM

Don’t routinely put these costs in your project budget – if you have any doubts or you think they (or some of them) should go in, check with your finance team. Step 2: Populate the template Then, populate your numbers with your cost estimates. Accurate estimates give you an accurate budget. Let’s look at those next.

Budget 307
article thumbnail

20 Things For Your Project Management Plan [With 3 Free Templates]

Rebel’s Guide to PM

Tip: Mention learnings from previous projects in here. Tip: The roles and responsibilities section can help you identify resource requirements. Tip: Putting risks in categories can help you identify more of them, so list your categories in the risk management plan. Estimating assumptions and methods. Reporting schedule.

Planning 322
article thumbnail

Lessons Learned in Project Management

Rebel’s Guide to PM

Lessons learned are key nuggets of information, tips and tricks, good practices and things to avoid that you pick up through delivering a project. Here are some examples of lessons learned on my projects: We should engage Finance earlier so leasing arrangements can be made in a timely fashion. What are lessons learned?

PMO 322
article thumbnail

4 Tips to Keep Your Project Costs in Check

LiquidPlanner

If it seems like you’re always dealing with unexpected project costs, we’ve got four tips to help you forecast your project costs more accurately upfront, and keep them in check as your project moves along. . Well, consider the benefits of having a peer review the project costs estimates you’ve outlined in your scope of work.