article thumbnail

Which estimation methods are favored for adaptive delivery?

Kiron Bondale

If you ever find yourself wanting to inject some energy into a cross-functional gathering of delivery staff and stakeholders, ask for their opinion on estimates. Relative sizing – this covered such techniques as story pointing, T-shirt sizing, affinity estimating and others. The low volume for #NoEstimates is not surprising.

Estimate 345
article thumbnail

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. An Overview of Cost Estimation.

Estimate 314
Insiders

Sign Up for our Newsletter

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

article thumbnail

Project Governance: Establishing an Effective Steering Committee

Strategy Execution | PMO Perspectives

Within the project management community, the concept of governance is seen as a fundamental project control, which is easy to grasp in principle. Getting the governance piece right requires insight and at times a few honest conversations about roles and responsibilities. Creating a smooth escalation and governance process.

article thumbnail

What Is Lean Portfolio Management? A Quick Guide

ProjectManager.com

Lean portfolio management is a process by which strategy is aligned with execution using a lean approach and agile portfolio operations and governance. Here you’ll plan from the top down your budget, estimating what funding you’ll need with cost-management planning. This requires accurate estimates of resources. Manage Demand.

Lean 329
article thumbnail

Understand Digital Debt, Form a Team, Set Goals, and Plan Roadmap for Transformation

Develop a roadmap for transformation with defined projects, cost estimates, and governance. Define future digital vision with measurable goals. Refine hypotheses and conduct market analysis. Strategic planning ensures successful outcomes.

article thumbnail

Most Common Project Management Roadblocks to Avoid for Better Outcomes

Project Bliss

Accurately estimating project costs for bidding is important for landing the project and making it profitable. A poorly estimated bid can lead to losing the project to a competitor, or even worse, winning the bid and losing money due to unexpected costs and unaccounted overheads. Poor Governance. Project Bidding Issues.

article thumbnail

Governance and Estimating

Herding Cats

If your business is not subject to any external governance process, you’re free to spend your money as you please. Governance includes: Responsibility for a specific duty, task, or decision. Governance includes: Responsibility for a specific duty, task, or decision. The governing of IT systems has two distinct components.