Project Management

5 Tips for Better Project Estimates [Infographic]

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A blog that looks at all aspects of project and program finances from budgets, estimating and accounting to getting a pay rise and managing contracts. Written by Elizabeth Harrin from RebelsGuideToPM.com.

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Categories: Estimating


When estimating feels like nothing more than a best (even educated) guess, how can you improve your project results? Great – or at least effective – estimating is something that can vastly improve your stakeholders’ confidence levels, help your team plan their work better and give you more chance of hitting your budget or time targets. So why does it feel so hard?

In this infographic I share 5 tips for making estimating that little bit easier. What other advice do you have for improving the estimating process with your team? Let us know in the comments!

You can read more about some of the ideas on this infographic in this article.


Posted on: July 18, 2018 08:59 AM | Permalink

Comments (20)

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Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates New Westminster, British Columbia, Canada
Great post and points Elizabeth. Cheers !

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Mayte Mata Sivera PMO Leader | Speaker | Author Ut, United States
Elizabeth, thank you for this infographi! It's clear and easy to remember the 5 tips.

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JUAN PABLO PAZ GRAU Project Manager Sr| Globant Bogotá, Cundinamarca, Colombia
Great Infographic Elizabeth, you have summarized very well the tips you presented in your previous article. Basically, for a good estimation, we need to be honest to stakeholders, project team and ourselves.

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Eduin Fernando Valdes Alvarado Project Manager| F y F Fabricamos Futuro Villavicencio, Meta, Colombia
Thanks for sharing

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Tamer Zeyad Sadiq Assistant Cost Manager| Turner & Townsend Riyadh, Ar Riyad, Saudi Arabia
Great sharing!! As cost management plan, estimate cost and determine budget!!

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Muzammil Baig, MS(PM), PMP, PMI-RMP Lead Planner| Bechtel Jubail, Saudi Arabia
Very informative. Thanks

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Girija Ramakrishnan Chennai, Tamilnadu, India
Elizabeth, very good infographic with the tips. Thanks for sharing.

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Sante Delle-Vergini, PhD Senior Project Manager| Infosys Melbourne, Victoria, Australia
Good points Elizabeth.

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ABBAS HUSSEIN ALI STATE COMPANY FOR OIL PROJECTS Karkuk, Iraq
Thanks for sharing

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Henry Hattenrath Project Consultant| Tectonic Engineering MSA LLC New York, Ny, United States
Elizabeth

Your five points is a great starter for discussing, creating and measuring the quality of estimates. Although implied within the five points, the estimating process and the deliverables should consider: A) industry standards. B) regional cost data. C) historical data for similar scope, duration and requirements. D) tailoring to the preparer's organization and the client's organization.

Henry

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Atul Gaur Pune, Maharashtra, India
Thanks for sharing

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Shane Drumm Digital Product Person| Journey One Perth, Australia
Great info-graphic Elizabeth

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RAJESH K L Project Manager, PMP| Bharat Electronics, Bengaluru, India Bengaluru, Karnataka, India
Thanks for sharing

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Cibin Thomas Reston, Va, United States
Thanks for sharing Elizabeth!!

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Elizabeth Harrin Director| RebelsGuideToPM.com London, England, United Kingdom
Thanks for all your comments!

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Damian Perera Monitoring & Evaluation Specialist| Chrysalis Mellawagedara, Western Province, Sri Lanka
Very useful tips for estimating with captivating infographics easier to understand.

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James Lovell Project Manager| Mercy Technology Services Ballwin, Mo, United States
Great things to remember and the graphical depiction is helpful too.

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Guilherme Caloba Production Engineer| PETROBRAS Rio De Janeiro, Rio De Janeiro, Brazil
An excellent checklist. And a very beautiful one, too! Congrats!

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Vincent Guerard Coach - Trainer - Speaker - Advisor| Freelance Mont-Royal, Quebec, Canada
An excellent infographic.
Thanks for posting

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Pier Luigi Calabria Project Manager| INFORM Institut für Operations Research und Management GmbH, Aachen, Germany Aachen, Germany
#3 is actually very true!!!!

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