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Slide Notes

Project estimation is a skill and often done wrong. Follow these tried and tested approaches to project estimation and your projects will be some much closer to success.

For a more detailed explanation and understanding of these techniques and a free estimating template, head over to http://strikingprojectmanagement.com/project-estimation/

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Project Estimation

Published on Nov 21, 2015

tips for improving project management estimation

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1.

Project Estimation

how to do it properly and get it right!
Project estimation is a skill and often done wrong. Follow these tried and tested approaches to project estimation and your projects will be some much closer to success.

For a more detailed explanation and understanding of these techniques and a free estimating template, head over to http://strikingprojectmanagement.com/project-estimation/

Photo by andreas.rodler
2.

Understand the Scope

to determine size & complexity
Photo by |rocket surgery|
3.

Understand Time

to determine resources required
Photo by Aaron Geller
4.

understand quality

to price quality accordingly
Photo by Ed Callow [ torquespeak ]
5.

define accuracy

to allow for unknowns during early estimating
Photo by geishaboy500
6.

techniques

to improve estimating results
Photo by Stuck in Customs
7.

ask experts

expert judgement 
Photo by Pete Prodoehl
8.

Analogus

can we ball park it from past projects?
Photo by Amir Kuckovic
9.

Parametric

benchmark against average costs ($/m2)
Photo by blprnt_van
10.

Detailed

bottom up and highly detailed
Photo by Breakfast for Dinner
11.

three point average

best case, most likely case, worst case (bc+mlc+wc/6)
Photo by jasohill
12.

Vendor bid

have vendors do it for you :)
Photo by Rev. Xanatos Satanicos Bombasticos (ClintJCL)
13.

Contingency

when in doubt, add fat
Photo by the justified sinner
14.

combination

combine some or all of these techniques for best results
Photo by Bernhardt Soccer
15.

Learn more

http://strikingprojectmanagement.com/project-estimation
Photo by eriwst

Chris O'Halloran

Haiku Deck Pro User
http://strikingprojectmanagement.com