article thumbnail

Project Cost Estimating: How to Nail Your Estimates

Teamweek

The project is spiraling out of control, scope creep is closing in, and you’re losing sleep because of all the stress. Unfortunately, this scenario is all too common for project managers. . Project cost estimation can be challenging, especially when the project is complicated and has many moving parts.

article thumbnail

The Ultimate Guide To Project Management For Marketing & Ad Agencies

Teamweek

Second, creative projects often have to deal with uncertain timelines. Unlike physical tasks, it’s hard to time knowledge-based tasks. The time spent on a knowledge-based task varies widely depending on who’s working on it. In general, there are 4 phases of a project life cycle : Step Description 1.