Project managers are asked to provide effort, duration, and cost estimates as a primary part of our jobs. You know then, that the estimation process is partly an art and partly a science. However, ...

One of the first tasks when managing a project is the cost estimate. A cost estimate must be accurate, transparent and reliable. These factors are particularly important for a small business because ...

Predicting project costs accurately is essential for contractors and construction companies, and it can be made possible using the right estimating software for commercial construction. Such software ...

The purpose of the estimate is two-fold. First, it allows the contractor to enter into a contractual agreement with confidence. Second, it provides an organized, detailed plan to execute the project ...

The aim of effective project management is to bring the project to completion on time and on schedule. Estimating project duration is a key function of scheduling. Individual activities make up the ...

Value stream management involves people in the organization to examine workflows and other processes to ensure they are deriving the maximum value from their efforts while eliminating waste — of ...

Any project manager knows that no project is completed in perfect circumstances. So you should use the following process and techniques if you want to make your schedule estimate as realistic as ...

The word “assume” means “to take for granted; suppose.” Most estimating departments are fast-paced environments, which requires the estimator to read many specifications in a short period of time. You ...

You sit there, irritation bubbling deep within as minute forty-five of the meeting ticks past on the clock in the corner of the office. Fight or flight is in a contest with your attention span as you ...