One of the first tasks when managing a project is the cost estimate. A cost estimate must be accurate, transparent and reliable. These factors are particularly important for a small business because ...

Two key features of a project are on-time and on-budget delivery. The project manager can only fulfill these objectives if the estimates leading to the project schedule and budget are accurate.

Project managers are asked to provide effort, duration, and cost estimates as a primary part of our jobs. You know then, that the estimation process is partly an art and partly a science. However, ...

Value stream management involves people in the organization to examine workflows and other processes to ensure they are deriving the maximum value from their efforts while eliminating waste — of ...

The purpose of the estimate is two-fold. First, it allows the contractor to enter into a contractual agreement with confidence. Second, it provides an organized, detailed plan to execute the project ...

Last week I received a question about project estimation. If you’re part of a next-generation IT group, project estimation is a critically important capability. If, on the other hand, you’re part of a ...

Everyone knows that if you plan work early, you will be more productive and profitable on a project. It’s also a well-known fact that it’s difficult to plan and run a construction job because of ...

As school districts nationwide plan for long-term maintenance and construction costs, they share a number of common concerns. Districts ask: • How much is a typical monthly maintenance bill, and what ...

When well matched to a company's needs, estimating software may save time, increase accuracy, and increase the level of professionalism a bid conveys. Here are some popular options from a few of the ...