Project Estimating Time and Cost

Project Estimating: Determining Realistic Time and Cost Estimates

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.

Project Estimating: Determining Realistic Time and Cost Estimates is a Web’n Learn session designed to provide project team members and participants with better ways to successfully define and estimate the schedule and cost factors of a project with more precision.

Participants will learn how to:

• Better identify and articulate elements of a project that represent components of project estimates
• Effectively estimate project timelines and costs with greater precision and accuracy using proven schedule, and budget estimating techniques
• Account for uncertain (“known unknowns” and “unknown unknowns”) when formulating a project schedule and budget

Session Number:  PLS-WNL052018

Duration:  1.5 Hours

Professional Development Units (PDUs)/Project Management Education Contact Hours:  1.5

Recommended Prerequisites:  None

This session will be facilitated by Chris Wright, CPLP^®, MPM, PMP^®.  To learn more about Chris, check out his bio  here.

All Project Leadership Series^SM instructors are certified Project Management Professionals (PMP)^® with many years of hands-on project leadership experience in a multitude of industries.

This session is powered by Tanden LLC, a Global Registered Education Provider (R.E.P) of the Project Management Institute

PMP and PMI are registered marks of The Project Management Institute, Inc.