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  • Process > Estimating

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    Time Estimating Crash Course

    Here's common sense about time estimating all distilled into a Powerpoint presentation. Make time to read it.

    Cost Estimating Procedure Form

    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.

    Actual ROI Worksheet

    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.

    PERT Effort Estimating Chart

    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).

    Common Estimating Mistakes

    - by Brad Egeland

    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:

    PMXPO 2012
    gantthead is once again excited to be bringing you our annual virtual conference and exhibition on Thursday, May 17, 2012. It's your opportunity to learn, network, earn PDUs and gain valuable knowledge all from the comfort of your home, office-or home office. Registration is FREE, so take a minute now and make sure you don't miss out on what promises to be one of the highest-value conference experiences in project management this year.



    Complexity Assessment

    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 101: Story Point Estimating

    - by Tom Mochal

    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.

    Estimated Project Costs Worksheet

    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.

    Project HEADWAY Resource Management Plan

    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.

    Sample Intranet Project Plan

    What does a finished plan for building an intranet look like? Here's a sample Work Breakdown Structure in MS Project Plan format.

    Construction Branch Quotation Form

    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.

    Resource Budgeting Spreadsheet

    - by Tom Barnett, PMP

    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.

    Have You Forgotten About Cost Management?

    - by Ken Whitaker

    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.

    Components of a Statement of Work (SOW)

    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.

    Agile 101: Iteration Planning

    - by Tom Mochal

    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.

    Detailed Project Charter

    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.

    Construction Estimate Worksheet

    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.

    Project Estimating Worksheet

    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.

    Equipment List and Cost Estimate Form

    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.

    Cost Estimating Crash Course

    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.

    Project HEADWAY: Effectively Estimating Effort

    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.

    Project Planning: The Flaw Factor

    - by Tom L. Barnett, PMP

    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...

    Better Estimates

    - by Elizabeth Larson

    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.

    Application of Function Point Analysis

    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.

    Project Management Resource Planning Sheet

    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.

    Project Proposal Template and Guide

    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.

    Quick Project Budget Estimate

    This template will allow you to create multiple scenarios with quick budget estimates for the purposes or discussion and high-level decision-making.

    The EVM Crystal Ball

    - by Andy Jordan

    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.

    Project Analysis Task Sheet

    Use this task sheet to help you identify, research, collect and analyze all required client information and data pertinent to the project.

    Agile + Earned Value

    - by Katia Sullivan

    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.

    Development Projects List

    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.

    Intranet Content Analysis Matrix

    Organize all of your Intranet content, user groups, risks, action items and responsible parties with this comprehensive chart.

    Landscape Cost Estimating Checklist

    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.

    How to Calculate Cumulative Cost Curves

    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 Change Control Worksheet

    IT changes affect a lot of things and people. It's best to keep track of what will happen and when.

    Project Proposal Template

    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.

    Better than Good Enough

    - by Curt Finch

    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.

    All Risks Great & Small

    - by Garry Booker

    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.

    Software Development Project Metrics Checklist

    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.

    Using Special Situation Estimating Techniques

    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.

    Procurement Management Done Agile (Part 1)

    - by Don Kim

    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.

    EVM: Garbage In, Garbage Out

    - by Andy Jordan

    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.

    Agile Estimation: Key Principles and Practices for Successful Agile Projects (slides)

    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.

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    Requirements Management Plan Toolkit
    This toolkit includes a template and white papers to help with your requirements management planning. Download it now.