Join Bonnie Biafore for an in-depth discussion in this video Estimating time and cost, part of Project Management Foundations: Small Projects.
Accurate estimates are important no matter what size a project is.…Low estimates, too few hours, too low of a price or both make it almost impossible…to meet people's expectations.…And that leads to stressed-out team members and unhappy customers.…If the schedule and cost start to increase, it's best to flag the issue early.…Identify possible solutions and try to negotiate a new course.…
At the other end of the spectrum, a high estimate can scuttle a project's…chance for approval.…The high estimate makes a good project look like it's too expensive or too long.…High estimates on approved projects are problematic because people seem to use…all the time and money they get.…So let's talk about how to get an accurate estimate.…You start with estimating time, that is the hours or days it will take to perform work.…That's because work hours affect both the schedule and the price tag.…
The work hours affect the schedule because it's built around how many people…work on tasks and when they are available as you'll see later.…
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- Defining the life cycle and scope of small projects
- Identifying the project customer and other stakeholders
- Determining the right level of management
- Scheduling work
- Managing risk
- Keeping things moving
- Evaluating the project
- Getting sign-off and tying up loose ends<br><br>
- The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.
Skill Level Beginner
1. Getting Started with Small Projects
Defining small projects2m 19s
2. Starting the Project
3. Organizing the Work
4. Getting Things Done
5. Tracking Progress
6. Wrapping Up
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