Bottom-up estimates are detailed estimates done at the work package level. Detailed information on the work package and other direct/indirect costs are used to determine the most accurate estimate possible. Use this worksheet to help you keep track.
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The Bottom-Up Cost Estimation Template is to estimate the cost of any portfolio, program or project by using the Bottom-Up Cost Estimation Technique. This template can be used in any type of industry. With the Bottom-Up Cost Estimation Technique, the overall cost of the project is estimated by breaking down the project into activities to the lowest level possible (similar to the Work Breakdown Structure). After considering the cost of each activity, the overall project cost is estimated.
A crucial phase of the problem solving process is the brainstorming session. Use this worksheet to track and evaluate all ideas.
This brief, one-page project charter provides a quick snapshot of vital project information, including areas for sponsor, proposed end date, client, cost and more--including a brief goals/objectives section.
Once the work breakdown structure and the schedule are defined, this document can be used to plan and monitor the costs for each individual activity or work package. This template lets you subdivide an activity or work package into smaller parts (cost items). For each of these cost items, you can plan the corresponding costs in detail.
The Budget Template Workbook includes: a cost estimate sheet to document your initial cost assumptions, a planning template to help you take a detailed look at planning costs, and a tracking template to track actual costs against budget and document reasons for variances. It's a great planning and communication tool to help you stay on top of project finances.
Use this tracking sheet in conjunction with the Budget Tracking-Actuals project plan to stay on top of your budget.
Many organizations collect mountains of data that produce negligible benefits. But a well-run measurement program can provide huge ROI, from more accurate cost and schedule estimates, to streamlined processes, to better insights and decision-making. Here are seven guidelines for building and maintaining a metrics program that delivers value to your organization.
Flexible work approaches allow teams to use the methodologies that best suit their needs. Agile and Waterfall methods can be used within the same program or portfolio of projects, but like any successful marriage, it takes compromise and adjustment. Here are six guidelines to make it work and make your organization more Agile.
By bridging strategy with project and portfolio management, integrated roadmaps help organizations make decisions that align with long-term goals and deliver more significant innovation, from NPD to IT efforts. This five-step guide to building a roadmap covers needs and drivers, products and capabilities, delivery gaps, and resource opportunities.