Estimating Projects

Estimating Projects is a one-day training session designed to provide project team members and participants with better ways to successfully define, deliver, and control the cost factors of a project with more precision.

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 is a one-day training session designed to provide project team members and participants with better ways to successfully define, deliver, and control the cost factors of a project with more precision.

Audience

Project team members and participants

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)