Rebel’s Guide to PM

MARCH 29, 2024

This is key to doing a presentation to management. The contents of a budget proposal are: A solid project schedule (normally a Gantt chart) Estimated costs per work package/person that summarize into overall labor costs Other resource costs for subcontractors and expenses Any other costs you need to deliver the proposed work.

Budget 317

Budget Planning Estimate Consulting 317

Teamweek

NOVEMBER 3, 2023

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. What is top-down estimating?

Estimate 52

Estimate Budget Influencer Initiating 52

nTask

FEBRUARY 18, 2021

After drafting an impeccable project plan, the next step is to present it to your clients. This is the turning point, as PMs have to deal with the age-old ‘ How to present a project plan efficaciously ?’ Presenting a project plan requires more than just PowerPoint slides. How to Present A Project Plan In an Agile Environment?

Planning 113

Planning Technical Review Software Review Estimate 113

Teamweek

AUGUST 1, 2022

Project cost estimation can be challenging, especially when the project is complicated and has many moving parts. In this guide, you’ll learn: What a project cost estimate is Why most project cost estimates are terrible How to create an accurate project estimate What to do after creating your project cost estimate.

Estimate 52

Estimate Project Cost Web Development Software Review 52

ProjectManager.com

MARCH 20, 2024

To help you once you break ground on your construction project, we’ll throw in some free construction project management templates on estimating, scheduling and budgeting. There will be many people present, most of whom haven’t met one another, such as subcontractors just brought on to do specific jobs.

Construction 332

Construction Software Review Underperforming Technical Team Estimate 332

Rebel’s Guide to PM

APRIL 8, 2022

For example, imagine reviewing estimates from the project team. As you enter their estimated effort for tasks, the software prompts you: Claire’s estimates were 20% under on her last five projects. Would you like to add 20% to this estimate? Big data and artificial intelligence features should be making it easier.

2022 435

2022 Artificial Inteligence Technical Review Software Review 435

Teamweek

JULY 29, 2022

“ I’ve done this a million times–let’s skip estimating just this once.”. You rush through the beginning estimates only to miss deadlines, blow budgets, and draw raised eyebrows from clients. In this guide we’ll cover: What are project estimation techniques? What are project estimation techniques? Cost estimations.

Estimate 52

Estimate Software Review Risk Management Budget 52

Rebel’s Guide to PM

JULY 25, 2022

Delineate the topics or issues to address in your notebook or/and the presentation. It’s important to think about what could impact the meeting or your presentation and be ready to go in a different direction if necessary. Check for the presentation twice (share it with someone else to see if it’s clear and easy to follow).

Estimate 434

Estimate Defining Planning 434

ProjectManager.com

NOVEMBER 1, 2023

However, PowerPoint isn’t project management software and therefore PowerPoint Gantt charts serve only one purpose, which is to provide a visual representation of your project for a presentation. Select “Blank” Layout Let’s get started by opening PowerPoint and creating a blank presentation. To do so, follow these steps: a.

Software Review 347

Software Review Estimate Manufacturing Construction 347

ProjectManager.com

NOVEMBER 2, 2023

Construction Estimator As the name implies, a construction estimator is the professional responsible for forecasting the cost of a construction project. They do their best to accurately estimate the cost of every aspect of the construction project, but they can also be used to focus on the cost of only one part of the project.

Construction 314

Construction Estimate Logistics Engineering 314

ProjectManager.com

AUGUST 22, 2023

Estimate Your Project Duration The project duration is the total amount of time needed to complete the project. Estimate Your Project Costs Project costs refer to the financial investment for delivering the project. Each of these costs must be accurately estimated and added together to determine the project’s budget.

Estimate 271

Estimate Budget Defining Risk Management 271

ProjectManager.com

FEBRUARY 27, 2024

Using project planning templates can help you schedule tasks, estimate budgets and allocate resources. It’s presented to the project sponsor in a neat, organized and easy-to-digest fashion. Then you could estimate the labor, materials and other costs , such as travel, equipment, food and more.

Planning 364

Planning Software Review Risk Management Budget 364

ProjectManager.com

JULY 5, 2023

It begins with the planning and design and goes hand-in-hand with estimating and even on-site specialty contractors, change orders and the finished product. Property owners prefer to work with general contractors who are proactive, efficient and accurate with cost estimation and keeping to their budget.

Construction 306

Construction Estimate Monitoring Budget 306

Rebel’s Guide to PM

FEBRUARY 5, 2024

Step 2: Populate the template Then, populate your numbers with your cost estimates. Accurate estimates give you an accurate budget. Check that tax is included in your detailed estimates. This is the number that you need to present to your sponsor, along with any notes and assumptions. Then total the whole budget up again.

Budget 307

Budget Project Cost Estimate Finance 307

Wrike

OCTOBER 4, 2023

Accurate construction cost estimates are crucial for successful project planning and execution. Understanding the Basics of Construction Budgeting Accurate cost estimation is the cornerstone of construction budgeting. Moreover, accurate cost estimates play a crucial role in financial planning and control.

Construction 36

Construction Estimate Budget Technical Review 36

MPUG

SEPTEMBER 22, 2019

Infused with a time-phased, metrics-driven engine that delivers visibility to assignments, deliverables, work and cost estimates, and the ability to do enterprise wide resource capacity and forecasting/strategic planning, there is no question that Agile is a game changer to large and small organizations alike.

Agile 76

Agile Engineering Estimate Process 76

Epicflow Blog

JULY 5, 2022

Estimation of project cost is one of the core practices of the project initiation stage, which becomes the basis for the approved project budget. Therefore, a proper cost estimation is about finding a fine line in this complex process. What helps make cost estimation simple and efficient? How to estimate project cost .

Project Cost 52

Project Cost Estimate Process Budget 52

ProjectManager.com

MAY 30, 2023

We’ll go further, explaining how to estimate general condition costs and how general conditions compare to construction specifications and general requirements. The general conditions estimate the cost of the infrastructure. When trying to accurately estimate general condition costs, you’ll first want to look at historical data.

Construction 260

Construction Infrastructure Estimate Defining 260

iZenBridge

NOVEMBER 26, 2019

As a Project Manager, doing project ESTIMATION is a key responsibility but how often are we able to deliver the project under budgeted cost and time? What will help in this scenario would be the right understanding of estimation tools and techniques. To start with, let’s understand Analogous Estimation, what exactly does it mean?

Estimate 40

Estimate Certification Initiating Risk Management 40

ProjectManager.com

NOVEMBER 23, 2023

The process of capital budgeting helps managers create a budget for the project’s costs, estimate a timeline for the project’s return on investment and decide if the potential value of that project is worth the capital investment. This is done by dividing the net present value of all cash inflows by the net present value of all the outflows.

Budget 346

Budget Technical Review Software Review Executing 346

ProjectManager.com

AUGUST 11, 2022

This process can be broken down into five phases: information, creative, evaluation, development and presentation. The team should present their ideas and describe the advantages and disadvantages of each. It’s likely that you’ll need to sketch out these possibilities, create cost estimates and use other technical analyses.

Engineering 323

Engineering Construction Manufacturing Software Review 323

ProjectManager.com

OCTOBER 11, 2023

Site Engineer Responsibilities Inspect facilities and analyze operational data Maintain compliance with safety and regulatory requirements Compile estimates for technical and material requirements for project development Determine and present estimates of operating costs Evaluate operations and processes Suggest process and technical design changes (..)

Engineering 339

Engineering Construction Sustainability Technical Support 339

MPUG

APRIL 29, 2020

Please find below a transcription of the audio portion of Oliver Gildersleeve’s Analogous and Parametric Estimating Schedule Template webinar being provided by MPUG for the convenience of our members. This webinar is an update of Oliver’s MPUG presentation and schedule template provided on October 2013. Kyle: More on Oliver.

Estimate 52

Estimate Software Review Risk Management Risk 52

Rebel’s Guide to PM

DECEMBER 18, 2022

The framing effect is a cognitive bias that can lead us to make different decisions based on how information is presented to us. Framing occurs when people identify the key issues in a situation and then present them in a way that will influence the decision that is made. The way you present a statement shapes how people respond to it.

Influencer 368

Influencer Defining Estimate Risk Management 368

ProjectManager.com

FEBRUARY 3, 2022

Present a Business Case. Include the estimated costs for the tasks you’ve defined, but be aware that new project requirements and tasks will require adjustment of this budget. This is how you’ll know what you need before you need it, and you’ll be able to estimate your budget more accurately.

Risk Management 510

Risk Management Budget Defining Software Review 510

Herding Cats

JANUARY 2, 2018

Here are the presentations from last years November Conference. Why Guessing is not Estimating and Estimating is not Guessing. EVM World is coming up in May of 2018. This is one of two conferences held during the year focused on Integrated Program Performance Management. What are the Five Immutable Principles of Project Success?

2018 0

2018 Manufacturing Estimate Risk Management 0

ProjectManager.com

SEPTEMBER 21, 2022

Project profit analysis should be estimated and tracked throughout the life cycle of the project as it’ll help make the project more profitable. The project profitability index is equal to the present value of future cash flows and initial project investments. It helps you determine the potential profitability of a project.

Initiating 314

Initiating Project Cost Estimate Software 314

ProjectManager.com

DECEMBER 14, 2023

Another aspect of the construction superintendent’s job is to make estimates on how much the work will cost. All of the reports can be filtered to just show the data you want for your presentation. This will inform the construction project’s budget. There are status reports, reports on variance, timesheets, workload and more.

Construction 372

Construction Monitoring Certification Engineering 372

ProjectManager.com

JUNE 4, 2021

Using our construction proposal template ensures all the necessary information is included and presented in a way that makes the most sense. Construction Estimate Template. This process hinges on estimating expenses. Creating an accurate construction project budget is an essential part of the planning phase.

Construction 410

Construction Risk Management Estimate Software Review 410

ProjectManager.com

JANUARY 25, 2024

Estimate All Project Costs and Cash Outflows Project costs and cash outflows in projects are the money that’s leaving the project. Establish the Profitability of the Project The profitability of the project is important to project cash flow because it presents the value of future cash flows and initial project investments.

Construction 356

Construction Project Cost Budget Monitoring 356

Rebel’s Guide to PM

MAY 10, 2022

He needed a new plan, and quickly – he was due to present the schedule to the Sponsor that afternoon. Given all their experience, they should be able to come up with some realistic estimates for time frames for all the tasks on the plan. Finally, it’s time to present your new schedule to your Sponsor.

Estimate 251

Estimate Finance Defining Planning 251

Rebel’s Guide to PM

MARCH 13, 2020

In order to estimate costs well, you first need to estimate the amount of work you need to put into each activity you have planned. Not only that: you need to estimate who will do the work. Step 3: Estimate Labour Costs. Follow these steps to get started: Once that is taken care of, it is time to estimate the hourly rate.

Budget 288

Budget Planning Estimate 2020 288

ProjectManager.com

APRIL 13, 2022

Cost-benefit analysis is used to estimate the costs and benefits associated with a particular project. Net Present Value. Net present value is the difference between the current value of cash inflow and the current value of cash outflow in the project. Cost-Benefit Analysis. Constrained Optimization Methods.

Software Review 299

Software Review Project Life Cycle Manufacturing Executing 299

ProjectManager.com

JANUARY 27, 2022

When it comes to budgeting, hard costs are easier to estimate. As you can imagine, these intangible costs will prove far more difficult for you to estimate as you build a budget for your project. It doesn’t mean these soft costs are impossible to estimate and track—but they are definitely moving targets.

Construction 315

Construction Certification Software Review Project Life Cycle 315

Rebel’s Guide to PM

JULY 31, 2020

He needed a new plan, and quickly – he was due to present the schedule to the Sponsor that afternoon. Given all their experience, they should be able to come up with some realistic estimates for time frames for all the tasks on the plan. Finally, it’s time to present your new schedule to your Sponsor.

Estimate 336

Estimate Finance Defining Planning 336

ProjectManager.com

MARCH 2, 2020

Cost estimates. It is in the estimation of costs and duration of the project where controls are essential. Therefore, it’s key for making accurate estimates. Cost estimates are developed into budgets and time estimates become project schedules. In fact, it works throughout the entire life cycle of a project.

Controlling 413

Controlling Underperforming Technical Team Estimate Risk Management 413

Rebel’s Guide to PM

NOVEMBER 26, 2019

For example, imagine reviewing estimates from the project team. enter their estimated effort for tasks, the software prompts you: Claire’s estimates were 20% under on her last five projects. Would you like to add 20% to this estimate? Big data and artificial intelligence features should be making it easier.

2020 277

2020 Artificial Inteligence Technical Review Software Review 277