Top Tips for Realistic Project Estimations

Poor estimation is a major cause of project failure. According to the PMI, inaccurate cost estimates is a contributing factor in 28% of projects that fail. Many project professionals have first-hand experience in how devastating it can be to underestimate a project. Perhaps you have too. When an estimate has been delivered, clients and executives will often see it as binding and will expect the project to track to it. ...

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A Beginners Guide to Scheduling and Cost Control in Projects

Project Managers the world over are tasked with delivering “to time, cost and scope”. The basic skills to achieve the relationship of the Golden (Iron or Triple Constraint) triangle are easy to grasp. There are two basic approaches. Either: fix the team and delivery date so making the scope variable. This is the agile approach. Or: fix the scope so making the resourcing and or schedule variable. This is the ...

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Work Breakdown Structure Problems And How To Overcome Them

The Work Breakdown Structure (WBS) is a key tool for project managers. It’s the first time that you really map out in detail what you are going to be doing. It lists all the task involved in the project and gives you a very visual understanding of the scale of the work ahead. It’s also an easy tool to use and not beyond team members starting out in projects for ...

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5 Things You’ve Forgotten From Your Project Scope

Project scope is one of the first things that you specify as a project manager. It’s important to get clear boundaries between what’s in scope and what isn’t. But more things can go into project scope than you first imagined. Here are 5 unusual things that you should consider for your project scope. #1: Training The first question to ask is can you actually deliver your project scope with the ...

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A Long Project Definition Phase is Essential to Project Success

Studies show that one of the most significant characteristics of highly successful projects is that they begin with a long period of project definition that is dedicated to outlining a powerful vision and a clear need for the project. In their research, Dov Dvir and Aaron J. Shenhar write that this extended definition period is required to select the best execution approach and to obtain buy-in from all stakeholders. Taking ...

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Collaborative Planning – 7 Steps to Creating a Project Plan with your Team

If you’re a project manager you know first-hand that the success of your project is heavily dependent on how well you plan and initiate your project. “Failing to plan is planning to fail” as time management author Alan Lakein said. But the purpose of planning isn’t to create a detailed map that can’t be changed. The purpose is to think through all the project’s critical elements before the team makes ...

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