Project Cost Estimation During the Project Cost Management Process
“Our sales people conducted project cost estimation and we got the contract. Unfortunately, the cost estimation was unrealistic and now the …
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Project Planning for PMs
Showing guides and explainers filed under Project Planning for PMs.
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Examples of Estimating Costs in Project Management
Projects need to be delivered on-time and on–budget. Accurate cost estimation is crucial for the latter. Otherwise, well let’s just say you won’t be …
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Project Initiation Document Template & Tips for Project Managers
Even if you have a project initiation checklist, you still need to create a project initiation document. In fact, the checklist should be created …
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What is Value Engineering in Continuous Improvement?
We’ve all heard about win-win situations, but they don’t always exist. By practicing value engineering, win-win situations will never be a far …
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Project Cost Estimating Techniques
In the Estimate Costs process of the Project Cost Management knowledge area, there are some tools and techniques recommended by the Project Management …
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Examples of Life-Cycle Costing (LCC) in Project Management
It took us a year to develop and install our own servers. Leadership applauded our efforts. Unfortunately, the cost of maintenance surpassed …
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Types of Project Costs - Examples of the Different Variables in Project Cost Management
“So far, we’ve lost over a million dollars. No point in turning back now. Let’s see if we can recover our sunk costs." But…can sunk …
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Recognizing and Responding to the Needs of Project Stakeholders and Clients
Sometimes, there’s quite a big gap between what a stakeholder asks for and what the stakeholder needs. Other than learning how to read minds, …
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Cost Estimation Methods in Project Management
When it comes to estimating how much a project is going to cost, accuracy is key in allocating the proper amount of time and funds for a project. A …
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Overview of Charts Used in Project Management
This article lists and describes some of the common charts used in project management. Learn about what charts can help you to plan your projects by …
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