Overview
A project’s success is often measured by the team’s ability to deliver a defined set of outcomes on time, on budget, and on specification. More importantly, however, is the team’s ability to successfully manage the expectations of the groups and individuals who have a vested interest in the outcome of the project. In simpler terms, this means that the project team must effectively align the project delivery with expectations of key stakeholders.
Estimating Projects s a one-day training session designed to provide project team members and participants with better ways to successfully define, deliver, and control the schedule and cost factors of a project with more precision.
Audience
Project team members and participants
Length
8 hours
Outline
Introduction to Project Estimating
• Overview of Project Scope, Time, and Cost Management
• Triple Constraints Model
• Ranges of Estimates
Establishing Expectations
• Scope Definition and Decomposition
• Activity Definition
• Activity Resource Estimating
Project Performance Baseline
• Types of Cost Estimates
• Estimating Techniques
• Cost Accounts
• Accuracy and Precision
• Cost Estimating Risks and Cost Reserves
Monitoring and Controlling Performance Baseline (EVM)