Software Estimating Resources

Herding Cats

This blog page is dedicated to the resources used to estimate software-intensive systems using traditional and agile development methods. The reason for this resource page is the lack of understanding of how to estimate, the urban myths about software estimating, and the fallacies that estimating is not needed, when developing software, in the presence of uncertainty, when spending other peoples money. Estimating Probable System Cost,” Stephen A.

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.

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Creating a Risk-Adjusted Backlog

Leading Answers

While profit is not their goal, usually an economic impact figure can be estimated for the outcomes they aim to achieve. Visualizing and agreeing on a spatial reference for the risks and opportunities also engages the right hemisphere of the brain and makes us less likely to forget them.

2021 78

New PM: The What?, Why?, and How? of Project Charters

Leading Answers

It may reference a separate business case or return on investment analysis. The most common source of late project completions is not poor estimating or a lack of risk management, it is late starts. They may also have been terrible at estimating and blind to common threats, but late starts are very common. The uncertainty associated with our estimates needs to be reflected (to some degree) in our schedule. Agile Project Management Estimating Planning Risk Management

2019 78

9 Types of Artifacts in Project Management

Girl's Guide to PM

You might also here artifacts referred to as templates, documents, outputs or deliverables, but in all cases they relate to the work of managing the project, not the thing you are creating as the output of the project.

2021 330

6 Practical Ways to Actually Improve Your Cost Management

Project Risk Coach

When John asked the project sponsor how the $100,000 was estimated, but he never got a clear answer. His early estimate — an analogous estimate — was $125,000 with a range of accuracy between -25 percent to +50 percent. John shared the estimate with the sponsor and said that he would provide a more detailed estimate after completing a work breakdown structure (WBS) with the project team. Ask for estimates from the people doing the work.

2017 210

The 10 Project Management Knowledge Areas (PMBOK)

ProjectManager.com

Project management knowledge areas coincide with the process groups, which are project initiation, project planning , project execution, monitoring and controlling, and project closing. With the tasks now sequenced, the resources required for each must be estimated and assigned.

2019 406

Project Brief Template

ProjectManager.com

It’s all part of the initiation phase of a project, but is often referred to throughout the life cycle of the project. This will show the duration of the project by making an accurate estimation of the time it will take between the start and the finish of the project.

2021 243

Project Resource Management: The Ultimate Guide on How to Master It

Girl's Guide to PM

The project manager estimates the resource requirement and creates open positions that get fulfilled by the resource manager. People, processes, and technology, also referred to as the golden triangle, are essential for successful project implementation.

2021 264

WBS Dictionary: A Quick Guide with Examples

ProjectManager.com

All three are essential to measure and monitor the scope of a project. This gives team members who refer to the WBS dictionary a deeper understanding of what’s needed to complete the project successfully. That cost estimation should be included here.

2021 270

Compendium of Works to Increase Probability of Project Success

Herding Cats

Parametric Project Monitoring and Control - Earned Value is an approach to Performance measurement for monitoring and controlling the progress of software development projects. How to Develop Credible Cost & Schedule Estimate , Building credible cost and schedule estimates require discipline, skill, and experience, All 3 can be acquired over time. The starting point is understanding what processes make up the discipline of estimating.

2015 37

Risk Analysis 101: How to Analyze Project Risk

ProjectManager.com

By planning for risks, you begin the process of knowing how to identify, monitor and close out risks when they show up in your project. But it’s important that you also have to understand what is meant by the word analyze in reference to project risk management. Cost estimates.

Risk 326

A Quick Guide to Action Items & Action Item Lists

ProjectManager.com

Date of Creation and Estimated Completion. There are three dates to keep in mind when creating action items: creation date, estimated completion date and eventual completion date. This information can be easily referred back to and even inform future decisions.

2021 260

What’s a Schedule Baseline & How Do I Make One?

ProjectManager.com

Whether you call it a baseline schedule or a schedule baseline, the term refers to the finished and approved schedule. Once you have all your activities lined up, you’ll need to estimate how long they’ll take to complete. Organize tasks, assign resources and monitor it all in real-time.

2020 324

Project Management Process: The Basics

Clarizen

While it is a safe bet that Mr. Deming was not specifically or exclusively referring to the overall project management process, his wise advice – or if you wish, his stark warning – certainly applies. Monitoring & Controlling. Pioneering quality control guru W.

2021 90

Cost Management Basics

ProjectManager.com

In the case of a project, it helps the project manager estimate what the project will cost and set in place controls by which they can reduce the chance of the project going over budget. Cost management is a way of managing project cost, which includes estimating project costs.

2019 311

What’s the Real Value of Project Management?

ProjectManager.com

Here’s a screenshot of the whiteboard for your reference! When it’s a verb, value is to estimate the monetary worth of something. The verb form can be especially helpful for the actual practice of project management, like when a project manager is estimating the value of a process or pain point, but we’ll explore that topic later. Monitors that work and its progress, taking corrective action when necessary.

2018 313

7 Steps for a Successful Project Budget

ProjectManager.com

It’s used to estimate what the costs of the project will be for every phase of the project. Related: Cost Estimation for Projects: How to Estimate Accurately. Reference Lessons Learned. It provides a clear path that leads to more accurate estimates.

Budget 339

Different Project Management Terms Beginners Should Know

ProProfs Project Management

It refers to a set of methodologies utilized to meet the ever-changing client requirements. An assumption in project management refers to assuming about possible factors or situations that may occur in the project planning process that it may actually happen. Cost Estimation.

How to Make a Resource Breakdown Structure (RBS)

ProjectManager.com

A RBS will inform the budget, as a thorough listing of resources will make it easier to estimate what a project will cost. It also provides a quick visual reference on resource allocation and workload, as well as individual resources and assignments.

2020 343

Production Schedule Template

ProjectManager.com

Using the production schedule template will help you estimate an accurate and realistic production plan, one that can be revisited and revised as needed. Variations refers to any differences in the product. Getting goods to customers involves a lot of coordination.

2021 248

The Complete Glossary of 614 Project Management Terms

Workamajig

Bookmark this project management glossary and refer to it whenever you come across any project management jargon. Actual dates are different from planned or estimated dates. Actual Effort: The actual effort spent to complete the activity, as opposed to the planned or estimated effort.

2021 78

Work Order Template

ProjectManager.com

Generally, the work order also includes instructions on what the job is, estimation of how much it will cost, deadline for completion, who is assigned and any other pertinent information.

2021 258

How to Create a Project Brief (Example Included)

ProjectManager.com

Once the vision is clear, project managers can refer back to older projects for historic data that can help guide the direction of this new project. With features that can plan, monitor and report on progress and performance, you’ll only need one software to manage all aspects of your project.

2021 307

How to Write a Business Case

ProjectManager.com

Budget: This is an estimate of everything in your plan and what it will cost to complete the project over the scheduled time allotted. Create a Schedule: Make a timeline for the project by estimating how long it will take to get each task completed.

2019 372

A Quick Guide to Punch Lists: Checklist & Items Included

ProjectManager.com

This is especially important when referring to a construction site. Date Expected to Be Complete: This notes the estimated duration of the task. ProjectManager.com is a cloud-based tool that helps you plan, monitor and report on your work.

2021 271

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

Girl's Guide to PM

Reference the business case and any prior documentation. It’s always easier to reference other documents than try to reproduce them in here. In this part of the document include or at least make reference your product breakdown structure, and Work Breakdown Structure if you have them, key deliverables, or other products. If you have a fully-fledged requirements document then you can always reference that. Monitor and Control Methods.

2017 225

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. This makes the case for range-based estimates, but the book is far more wide ranging than this. He recommends being pragmatic with monitoring. Practical Advice I’ll Refer To Again.

2016 218

Overcoming a Lack of Project Resources

ProjectManager.com

Monitoring Project Resources. In order to avoid a resource shortage, it’s essential that you monitor your project resources throughout the project. View project schedules to monitor task progress. Monitor resource productivity on your project dashboards.

2019 311

Gantt Chart vs. PERT Chart vs. Network Diagram: What Are the Differences?

ProjectManager.com

PERT stands for Program Evaluation Review Technique, and refers to the method of using a graphic to plot the tasks that must be done to complete a project. They are used to help estimate the time it will take to complete tasks in a project.

2020 330

What Is a Work Breakdown Structure (WBS)?

ProjectManager.com

Once you have a WBS for your project, you need to plan, execute and monitor its progress. From there you can begin to know what your cost estimation for the project will be, scheduling and so much more.

2019 369

A Beginner's Guide to Resource Planning in Project Management

Workamajig

You’re essentially estimating your capacity utilization. Creative work can be tough to estimate. When you break it down, effective resource planning and management is essentially a two-step process: Estimate all work that needs to be done and create a schedule. Estimate Duration.

2020 101

The Close Sibling of Communications and Stakeholder Management: Resource Management

MPUG

The word team referenced here is specifically referring to the project’s team members, not all the stakeholders. Estimate Activity Resources process: This process succeeds Plan Resource Management, and here you estimate the type and quantity of team and physical resources.

Project Cost Management – The Essential Things to Know and Do

Online PM Courses

Your ‘Project Cost Management Plan’ Establishing your costs – the processes of estimating and budgeting. Monitoring and controlling project expenditure. Project Cost Management is a process that has two principle components: Estimating costs and creating a project budget from them. Monitoring and controlling project expenditure to adhere to your budget. Estimate Costs – which we’ll look at together with… Determine Budget.

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

Girl's Guide to PM

Reference the business case and any prior documentation. It’s always easier to reference other documents than try to reproduce them in here. In this part of the document include or at least make reference your product breakdown structure, and Work Breakdown Structure if you have them, key deliverables, or other products. If you have a fully-fledged requirements document then you can always reference that. Monitor and Control Methods.

2017 157

Business Project Manager Responsibilities: You Need To Know About

Proofhub

Simply put, a project manager is a person who is responsible for presiding over a project at every stage with authority and responsibility; from its initiation, planning, implementation, monitoring, controlling to its completion, and closure. Project files are archived for future reference.

Procurement Management - 7 Steps To Developing A Procurement Management Plan

Techno-PM

The bid document becomes one of the documents to be retained and will be referred to in order to determine whether a provider is adhering to their promises regarding materials, schedules, and budget.

How to Create a Successful Procurement Management Plan

MPUG

Create a timeline and use this to monitor the procuring process and track progress. Thoroughly identify and estimate the costs involved with all procurements. Any changes to the statement of work during the project should be budgeted for and estimated, as needed.

2020 92

Project Integration Management 101: Ways to Project Success

ProProfs Project Management

Monitor and Control Project Work. You can also deploy project management software like ProProfs Project to stick to your estimated schedule. Such knowledge gets curated to use it as a reference for future projects. . Monitor and Control Project Work.

Work Breakdown Structure (WBS) in Traditional and Agile Life Cycles with MS Project

MPUG

Work breakdown structure (WBS) is a key element for management planning, monitoring, and control of a project or a program scope. A WBS is important to further estimation—cost, duration, or resources, planning for resources, risk identification, schedule development, among others.

2020 88