Category: Cost Management

Validate Work Estimates with Team

Estimating, Cost Management 1 feedback »
Source: TenStep Tom Mochal One of the primary responsibilities of a project manager is to build a project schedule and assign activities from the schedule to team members for execution. After you assign work to team members you should hold them accou… more »

Respond When Project Estimates Are Ignored

Cost Management, Change Management Send feedback »
Source: TenStep Tom Mochal Many people work in competitive bidding environments, where your company generates revenue by winning contracts to complete projects and deliver products to other companies. If you had your preference, you would estimate th… more »

Avert the Common Estimating Errors

Estimating, Cost Management Send feedback »
Source: TenStep Tom Mochal The estimation process is an art and a science. However, once you learn good estimating processes and techniques, you will hopefully be able to move more toward the “science” side of estimating and rely less on the “art” si… more »

Build a Work Breakdown Structure

Estimating, Cost Management Send feedback »
Source: TenStep Tom Mochal Break Summary Activities into Two or More Detailed Activities Since you chose to break a summary activity into smaller activities, it does not make sense to only have one detailed activity under a summary one. If you do,… more »

Get back on Budget

Estimating, Cost Management, Change Management Send feedback »
Source: TenStep Tom Mochal Do you need a technique to get your project budget back on track? Implement "Zero Tolerance" Scope Change Management This technique can be applied to help remedy a project that is either over deadline or over budget.… more »

Set up Cost Accounts

Project Management, Estimating, Cost Management Send feedback »
Source: TenStep Tom Mochal Many projects have one overall budget that includes all of the project labour costs, hardware/software costs, materials costs, etc. This is fine for smaller and medium-sized projects. However, as a project gets larger it he… more »
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