Time Estimating Crash Course
Here's common sense about time estimating all distilled into a Powerpoint presentation. Make time to read it.
Here's common sense about time estimating all distilled into a Powerpoint presentation. Make time to read it.
Construction projects are notoriously complicated. Estimating construction costs is even more complicated. Before you turn to the deck of tarot cards or start reading tea leaves to put together your next cost estimate, check out this cost estimating procedure form to base your estimates solidly in reality.
Use actual accounting data on the performance of your last project to compare how accurate your estimates were versus the real thing. The Actual ROI tool is a quick way to show you how your project performed against the plan and identify areas for improving your estimating skills.
This sample template performs a PERT based estimation for a project when you provide quality estimates. The tool performs all the required calculations (including graphical display of the destribution and probability functions).
Even if you have the estimating gift, there are still lurking issues that can render it highly inaccurate. Some you have control over, but for many you don't. Here are some common estimating issues that can often negatively impact your project:

Improved deliverable! Is it worth it to implement a particular application package? This assessment will help you estimate the complexity of implementing that package in your business and technical environment.
Agile projects incorporate a number of techniques that are not easily transferable to traditional waterfall projects. One technique is the estimation of the size of user stories with abstract story points, and the use of story points to determine how much work can be completed in an iteration.
How much will your project cost? Management will want to know before they commit to it. Use this spreadsheet to estimate your costs, broken down by project phase and classified according to the cost categories that will be most meaningful to the decision makers.
Estimating resources on a project, be it people, equipment or materials, can often be a difficult challenge for a project manager. The purpose of this template is to allow the project manager to identify, document and estimate the specific resource needs of the project along with detailing how those resources will be managed.
What does a finished plan for building an intranet look like? Here's a sample Work Breakdown Structure in MS Project Plan format.
What does a finished plan for building an intranet look like? Here's a sample Work Breakdown Structure in PPC Project Engineer format.
Your client will want a good ballpark estimate of how much it will cost to construct his project. This form gives you a quick way to get those costs down on paper.
This list was created to help you estimate how much effort is required to implement and test a change request.
Use this worksheet in conjunction with the "Get Your Project Team Funded" article, which shows a powerful way to quickly estimate the cost of your project team.
You're leading the team to deliver...what more do they want?! This article highlights a few, simple best practices that--if introduced at the beginning of your project--might help you easily control costs along the way.
The statement of work (SOW) encompasses the goals, scope, deliverables, cost and schedule estimates, stakeholder roles, chain of command and communication guidelines for a project. Learn how to put a quality SOW together by studying its components.
On an agile project, the workload is determined at the beginning of each iteration. The Product Owner evaluates and prioritizes the work that needs to be done, while the team determines the amount of work they can complete. The iteration planning meeting sets the stage and should be run as a collaborative dialogue.
This is a detailed Project Charter template for projects of any size. It is full of hints and tips to guide you through the chartering process.
An estimate worksheet is useful not just for you in-house, but for your clients, too. This particular example covers design, engineering, make, assembly, materials, software and additional costs. There is also room for adding in prorated cost adjustment factors.
While this deliverable is aimed primarily at project management offices, it is also useful for stand-alone project managers, too. Use it to estimate how much your project might cost, then build a realistic budget with your estimations.
This standard word processor table can be used to build a simple and powerful project database. As the project progresses, the form evolves from a cost estimate to a final equipment list.
Estimating cost is not an art based on voodoo. It's a project management skill that must be learned. This crash course gives the budding project manager or novice project team member an idea of what cost estimating is all about.
Your sponsor comes to you and asks how long your project will take and how many people you will need. You quickly grab your papers and your calculator, pull your basic numbers together, add some on-the-fly padding and voila!, your project schedule is built. This Project HEADWAY webinar will examine the different types of estimating, the key factors to consider when developing effort estimates, and some different tools & techniques you can use to ensure your estimates are more than pure fantasy.
This file requires the WebEx Player. It is 4.8Mb.
At the beginning of a project, plans are all about approximations. So what aspect of reality is it that creeps into projects and seems to shatter those estimates? Here are seven traps to watch out for...
Stakeholders don’t like suprises, especially when it comes to project costs. It’s worth taking the time to carefully estimate the business analysis phase of the project. Here are five tips.
Function points are a measure of the size of a software system. To convert function points into levels of effort, the productivity of the enterprise's development teams must be known or estimated. This three-for-one zipped deliverable includes a document explaining function point analysis, instructions on how to apply a function point analysis and a worksheet set up for an Albrecht function point analysis.
Use this Excel spreadsheet to plan and keep track of your project's human resources (i.e., your project and development teams) across the life of a project. Compare resource-level estimates that you make throughout the project to better understand where you were "off" and how to make better predictions going forward.
The project proposal converts an idea or policy into the details of a potential project, including the outcomes, outputs, major risks, costs, stakeholders and an estimate of the resourcing and time required.
This template will allow you to create multiple scenarios with quick budget estimates for the purposes or discussion and high-level decision-making.
How can Earned Value Management help you predict the future? Here we look at how EVM can help you forecast where your project will be at completion, as well as assisting in decisions around extra resources that may be required.
Use this task sheet to help you identify, research, collect and analyze all required client information and data pertinent to the project.
Agile and earned value are inherently different approaches to managing projects, but they can complement each other in support of flexibility and bottom-line value. Here are three practical tips to help you bridge the gap between an agile approach and the earned value reports and measurements many organizations require.
What projects do you need to conduct to fully implement the application package you've selected? Might be a big job -- better assess what and when.
Organize all of your Intranet content, user groups, risks, action items and responsible parties with this comprehensive chart.
Small construction projects are just filled with little details that you need to track. This handy form will help you do just that.
When construction is over, you need to put in some ground cover, greenery and plants so the site doesn't look like a war zone. Use this checklist so your budget won't, either.
Download this worksheet when it comes time to determine your project's costs.
Keep track of vital changes and estimates using this form.
Outline your project's business case for high-level viewing by corporate brass.
Use this form to record project schedule information on small or simple projects.
Use this template to create a cumulative cost curve if you have a good idea of how your costs will be broken out over the life of your project.
IT changes affect a lot of things and people. It's best to keep track of what will happen and when.
Before that brilliant idea can become a proposal for a kick-butt project, it has to go down on paper first. Here's how to do it.
Time-tracking solutions can help you uncover hidden opportunities to maximize your project’s value, from more efficient resource allocation to more accurate estimating and bidding. Here’s a closer look at how better time management produces more successful projects.
Managing uncertainty is one of the most important challenges facing project managers, but many have no consistent process for dealing with risks, large or small. One helpful step is to take a page from Agile practices and pay more attention to the size of team tasks and the quality of our conversations about them.
There's a lot more to a software development project than just developing software. Are you measuring how efficiently your project is proceeding? How well you actually planned and estimated your project's needs and results? Do you feed that information back into your processes to improve future estimates? Use this checklist to improve the often-overlooked metric collection processes that can make a world of difference for the next time.
If you don’t have any good metrics on which to base your estimates, what do you do? Reading tea leaves or dissecting the entrails of dead chickens won't cut it. This presentation will explain sound estimating techniques that really work.
This will be the first in a series of articles that will look to provide the background of issues involved with managing an agile software development project under a traditionally linear and sequential project procurement process. Software development has been deliberately chosen for the example industry since that’s the domain for which agile is most typically used, but for those using agile in other industry domains, the general issues and proposed solution should work equally well within your industry.
Earned Value Management can only help if you understand the limitations of the data you're using to calculate the numbers. Here we look at the specific planning and tracking requirements for EVM--and the aspects that a project manager has to consider in preparing and managing their project for it.
This webinar provides an overview of key principles and practices for effective Agile project estimating and planning that have helped many Construx customers greatly increase the accuracy of their project forecasts, enabling them to make better go/no-go decisions, increase the predictability of their projects, and deliver their projects successfully... on time, within budget constraints, and with the desired functionality.