Estimating is a Learned Skill

Herding Cats

Estimating is a learned skill, used for any purpose from every-day life to management of projects. When I left for the airport this morning to catch my flight to a customer site I estimated, given the conditions, how much time I need to get to my favorite parking spot at DIA. The same process for estimating is applied to multi-billion dollar projects we work. Here's some materials that provide the tools and processes needed to learn how to estimate.

2013 23

Project Management Tool Is Not an Employee Monitoring Software

ActiveCollab

Explain to your employees that none of the features are made with the aim to monitor them. They don’t feel comfortable knowing that someone is monitoring their performance every step of the way.

Trending Sources

Risk Management in Five Easy Pieces, with Apologies to Jack

Herding Cats

Outcomes are categorized as favorable or unfavorable, and risk management is the art and science of planning, assessing, handling, and monitoring future events to ensure favorable outcomes. The answers to each of these questions require making estimates in the presence of uncertainty.

Risk 39

Managing Uncertainty, Risk, Threat, and Opportunity

Herding Cats

Monitor the environment and current operations within the orgainzaiton. Monitor and review performance . What to monitor, how of term to monitor, when to take further actions. Withoitn these estimates thetre is no Risk Management.

Top 13 Project Management Methodologies and Styles

Azendoo

Because it simply assesses the various tasks required for a project, and provides a process to oversee and monitor the completion of those tasks , traditional project management works well. Getting your team organized around a project is often easier said than done.

2016 134

Resource and Time Management

Arras People

To monitor and plan the effort, we need to measure it. The project manager estimates the needs for a project. He or she uses past projects and current tasks to make the estimation. The goal isn’t increased monitoring but better estimation, and improved task distribution.

2016 66

Project Manager Roles and Responsibilities: What does a PM Really Do?

Project Bliss

Identifying activities, dependencies, sequencing, and time estimates. Monitoring and Controlling the project plan. Monitor project progress by frequently communicating with the team and those doing the work.

3 Project Manager Headaches and How to Cure Them

Wrike

It is up to the project manager to monitor all the activities of the team, update the project status, and act as the link between the team and any stakeholders, including upper management. Headache #3: Project Duration Estimates.

Strategic Project Portfolio Management [Book Review]

Girl's Guide to PM

Estimating For Success. Maybe best of all, Moore talks about range-based estimates – a topic I’m very interested in. Moore explains that estimates are biased towards the initial values because people don’t adjust their estimates again after making that initial decision.

How to manage tasks at work

Binfire

From mundane chores at home to tasks at work, most of our days are spent planning, working, monitoring and completing tasks. Keep doing this until all tasks in your list are small and well understood such that it is easy to estimate how long it takes to finish them.

Scrum Master vs Project Manager: What’s the Difference?

Project Bliss

Identify activities, dependencies, sequencing, and time estimates. Monitor and control the project plan. Are you considering a career move? . Perhaps you’re considering Project Management because it uses many skills you already have. But wait.

SCRUM 36

5 Common Scheduling Mistakes (And What To Do Instead)

Girl's Guide to PM

Milestones are predominantly a tool for schedule control and monitoring. But it can help for lessons learned sessions and general monitoring and control purposes. I’m glad to be partnering with Resource Guru to bring you this article.

A very practical guide to start managing your projects

Paymo App

After you came to an agreement (which usually happens after a few meetings – for example you need to evaluate first all the tasks in order to make an accurate budget estimation), sign the document and (don’t forget to) attach it to the project. The more detailed the list, the higher the chances to come up with a better time/cost estimate. That’s not necessarily a big deal, but it’s important to keep it in mind when you’re estimating time and cost.

5 Ways AI and Automation Will Change Project Management

LiquidPlanner

We are already making progress in automating things like tracking time, updating estimates, and reporting schedule progress. While this is the result of a relatively straightforward process of monitoring and then predicting your behavior and routines, the impact is downright amazing.

2002 35

You Can Unlock the Power of Integration Management

Project Risk Coach

After completing the WBS, she facilitated an exercise to identify significant risks and estimated contingency reserves for her “Known Unknown” risks. Monitor and Control Project Work. Monitoring and controlling process group. Monitoring and controlling process group.

What is Project Portfolio Management : The Basics

Project-Management.pm

The purpose of establishing data that contains accurate information, as well as reliable content that includes forecasted or estimated cost, project name, timeframe, and expected returned value. Monitored costs and benefits. They help estimate, monitor, and analyze performance, tasks, and even schedules for the purpose of convenience, cost estimation, and time conservation. What is Portfolio Management?

Construction Disputes: What You Need To Know

Geniebelt

In that way, s/he can constantly monitor the progress of the project and provide valuable feedback in order to make sure that everything goes as planned. In this case, a judge is asked to make an estimation of the outcome of the trial if the dispute reaches to the court.

25 mistakes project managers make

Binfire

It is the job of the project manager to foresee risks, create an impact estimation and define how to respond to the issues which will arise throughout project life cycle. A good project management tool should have good resources for managing and monitoring tasks.

Take Control of Your Project Plan Calendar

Wrike

To get around that problem, leaders should do their own homework and be sure they have an accurate estimate for how much time each task will require. In project management , timing is half the battle.

The Real Story Behind Why Your Organization Wants You to Track Time

LiquidPlanner

Think about it: Time tracking yields data that is critical for monitoring business and employee performance. Creates a historical record, enabling you to estimate future projects with greater accuracy.

4 Essential Project Management Phases – The Complete Guide

Paymo App

Develop a schedule to estimate the time needed to complete each activity and the entire project. Project execution and monitoring phase. Monitoring and controlling tasks, risks, changes, updates, revisions, and adjustments. Monitor and control the entire process.

Your Guide to Project Management Best Practices

Wrike

A project sponsor’s job is to monitor progress, help resolve issues, and champion the project to other executives — as well as understand the big picture of how the project fits into larger business goals.

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

Girl's Guide to PM

Monitor and Control Methods. Estimating Assumptions and Methods. Record how you are going to create your estimates for the project (time and money) and note any assumptions. If you have company-approved estimating techniques, note which ones you are going to use.

An In-Depth Look at the Top 8 Modern Project Management Tools

Paymo App

Accounting: Generate invoices based on the amount of time spent on a task or project, track your expenses and create accurate estimates for clients. As an individual user, you have views on tabs that allow you to monitor your tasks, inbox and dashboard.

2004 31

5 Reasons Engineers Need to Develop Project Management Skills

LiquidPlanner

While I did have an engineering economics course, I recall that it was more about net present value calculations and internal rate of review, than it was about cost estimating, earned value management and how to develop effective cost controls for a construction project.

What’s the Most Important Job of a Project Manager?

LiquidPlanner

And then from here, the team just implements the plan and the project manager monitors the work to make sure the team is on schedule. The PM then works with the team to create a work breakdown structure and initial time estimates for the tasks.

Gantt Chart is the right tool for tracking all projects even Agile

Binfire

It shows critical path which is a great tool for understanding project’s estimated end date. The graphic nature of Gantt makes it easy to set and monitor dependencies. There are many project management methodologies in use today.

Agile Team Transitions Are Not Always Textbook

LiquidPlanner

Manages the project management processes to successfully deliver the project – initiation, planning, execution, monitor, control and close. During a product backlog grooming session, one of my teams was hesitant to provide individual story point estimates.

SCRUM 22

Understanding Project Portfolio Management

Project-Management.pm

From this, projects can be easily monitored, controlled, and processed for implementation. Project management: Monitoring, controlling, analyzing, and reviewing projects and making sure that they meet the entire portfolio objectives. Such tools measure and estimate whether the budgets are overspent or not. Through portfolio project management, managers are able to monitor tasks easily and higher ups can identify which team are competent enough to tackle the next project.

Project Planning- A complete tutorial

Binfire

You can track and monitor the last plan easily and if you fall behind one-day, you will notice it right away and have contingency plan to take action to correct it. Set monthly milestone that could be monitored and measured.

PERT Network Chart Method

ActiveCollab

The Program Evaluation Review Technique, commonly known as PERT, is a visual tool in project planning that helps organizations analyze and represent the activity, and evaluate and estimate the time required to complete the project within deadlines.

Project Management Life Cycle

ActiveCollab

In order to be able to identify any pitfalls and plan changes, you need to monitor and measure all the relevant activities. Compare the data against the plan (like task completion, budget, and time estimates).

Trust But Verify

Herding Cats

The functional alternatives include monitoring, curiosity, skepticism, and the “questioning attitude.”. So saying it again for clarity - you can't make a decsion in the presence of uncertaty without estimating the outcome of that decision. Why Guessing is not Estimating and Estimating is not Guessing. Estimating and Making Decisions in Presence of Uncertainty. Are Estimates Really The Smell of Dysfunction? Estimates.

Project Management in Manufacturing: Solving the Resource Management Issue

LiquidPlanner

Tasks take longer than estimated; customers submit change requests; team members get pulled off projects; budgets change ; corporate priorities shift; and so on. Monitor progress. Before long, your schedule estimates and project plans will likely improve.

Fallacy of the Day

Herding Cats

Project Controls are Management Actions, either preplanned to achieve the desired result, or taken as a corrective measure prompted by the monitoring process. Recommended Solution – start with a baseline estimate of the cost, schedule, and technical performance.

Quote of the Day

Herding Cats

While the paint is being mixed, the red pigment is monitored, measured and controlled automatically. Since all projects operate in the presence of reducible and irreducible uncertainties, both creatng risk - it is folly to proceed with spending other people's money without estimating the outcomes of any decision made during the project. Why Guessing is not Estimating and Estimating is not Guessing.

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

Girl's Guide to PM

Monitor and Control Methods. Estimating Assumptions and Methods. Record how you are going to create your estimates for the project (time and money) and note any assumptions. If you have company-approved estimating techniques, note which ones you are going to use.

Risk Management: PMP Study Guide (PMBOK 6th Edition)

ExamsPM

Monitor and control the various aspects of the project. Cost and time estimation. Control Risk is the process of implementing the risk response plans, tracking identified risks, monitoring residual risks, and evaluating the risk processes’ effectiveness.

The 20 Education Venues for Online Master of Project Management

Project-Management.pm

Project Control and Monitoring. The following classes include: Project Estimation and Risk Management. An online master of project management is one of the best investments one has in order to advance his or her certification levels or acquire one. Online education has been around for decades, catering to distance learning and for those who do not have access to extra education due to their location and schedule.

We the jury, find the Project Sponsor guilty…………….

Ron Rosenhead

This resulted in an estimated 15 staff weeks being tied up with highly complex issues which should never have arisen. No monitoring and control – and that’s your job. Thank you members of the jury for your time and consideration. It only remains for me to pass sentence.