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Rough Order of Magnitude (ROM): Understanding ROM Estimates

ProjectManager.com

Rough order of magnitude (ROM) can help you better estimate project costs. But what is ROM and how can you calculate ROM estimates? We’ll explain the process, define the term and detail the steps for making a rough order of magnitude estimate. As noted, the rough order of magnitude is a technique to estimate project costs.

Estimate 345
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Fundamentals of Project Planning and Management: UVA Darden Course Review

Rebel’s Guide to PM

I’ve put together this Fundamentals of Project Planning and Management course review to answer all your questions so you can save time deciding whether it is right for you. In the review, I’ll share: Why I think this is such a popular course for project managers Who it’s most suited for How to get the most out of the course.

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14 Common Project Risks (+ more)

Rebel’s Guide to PM

Risks matter. That’s the point of risk management: thinking about what might go wrong before it does, so you can put a plan together to deal with it if it does. However, at the beginning of your project when your risk log is empty, it can be a bit of a challenge to think of all the stuff that might need to go on there.

Risk 317
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Software Development Estimation: A Quick Guide

ProjectManager.com

Software development estimation is an essential part of many projects. Despite its importance, software development estimation is often overlooked. Maybe that’s because it’s difficult to estimate properly. Let’s explore how software development estimation works and its techniques and tools. Learn more.

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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. Projects bring risks, and risks bring unexpected costs.

Estimate 310
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Project Risk Management: Strategies for Identifying, Assessing, and Managing Risks

LiquidPlanner

That’s why effective project management should go beyond theory, and expand to include risk factors – both internal and external. A practical project risk management strategy accounts for team member miscommunications and mistakes, scope creep and shifting client expectations, and any technical difficulties along the way.

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The Partnership of Technology and People in Project Management

LiquidPlanner

Why the partnership of technology and people bring more than one benefit. Technology isn’t just a tool anymore. It is no longer a case of ignoring the ‘tech’ component of your team. As technology continues to evolve so rapidly, it is no longer an ‘add-on’ but instead has now become a true team member of value.