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Episode 195 – Estimate This: Managing Project Estimation

Velociteach

We are taking a fresh look at project estimation. Topics include the estimation obstacles project managers commonly face, key factors essential for accurate projections, the impact of organizational culture, implementing cost management strategies, and navigating the risks of underestimating or overestimating project estimates.

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How to Build and Implement a Project Strategy

ProjectManager.com

Some examples of operational projects are routine maintenance, training programs and upgrades to the IT infrastructure. Who’s Responsible for Creating the Organization’s Project Strategy? The creation process for an organization’s project strategy is in the hands of leadership and management.

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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. What Can Ranged Estimation Address? . Variability and Ranged Estimation.

Estimate 156
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How to Manage Project Cash Flow

ProjectManager.com

Projects cost money. Those funds have a life cycle of their own and project managers must understand how those costs come in and out of the project and organization. That process is called project cash flow. We’ll look at project cash flow, what it is and how to calculate and manage it.

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Top-Down Estimating: A Comprehensive Guide

Teamweek

Top-down estimating is a form of estimation where existing knowledge of similar projects is used in the estimation process to produce a ballpark figure for the total cost. Like other methods to estimate a new project’s cost , top-down estimation has advantages and disadvantages.

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Top 10 Project Management Qualifications

ProjectManager.com

Project Budgeting The project budget is what the project will cost to complete. It includes all project resources, from people to equipment and materials, which are needed to execute the project. Project budgets are estimated by project managers and then approved by the project client or stakeholders.

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15 Project Management Challenges & How to Overcome Them

ProjectManager.com

This way you can provide them with that information to keep them from interrupting work and also prepare them for delays or other things that might impact the project. Estimating Costs Accurately to Create a Project Budget Projects cost money. Project management is nothing if not great leadership.

Estimate 317