Accredited project management training provider

Project Estimating Training Course - Accredited Provider

Course Overview

This training course will demonstrate in a highly practical way how to improve project estimating and teach delegates how to improve the accuracy of estimates throughout the project lifecycle, especially in the early stages.  It is based on real-world examples where we have helped organisations make a measurable improvement with this task.

We also have a version of this course for estimating for Agile projects  – Email us for full details.

Delivery Methods

This course can be taken through any of the following:

Duration

1 day

Intended For

Anyone involved in delivering or planning and managing projects

Course Objectives

  • To teach core estimating skills and processes to make a measurable improvement of estimates
  • To demonstrate why and how we often get estimates wrong, and how to reverse this
  • To demonstrate how to structure projects budgets more effectively to improve visibility of performance through delivery

Course Agenda

Session: Item:
Overview
  • Why estimates are often so far out
  • What are ‘better’ estimates and poor estimates
  • The keys to improving
Estimating principles
  • Stages
  • Different types of estimates
  • The estimating ‘funnel’
  • Estimating and funnel
  • Difference between estimating tolerance and risk
  • Communicating estimates effectively
Methods
  • Parametric
  • Factorial
  • Task based
  • Software Development Methods
  • Three stages of estimating
  • Developing ‘control’ estimates
How to develop better estimates
  • Improving project definition
  • Quantifying risk and estimating uncertainty
  • How to capture and present estimates
  • How to make the most of the data you have
  • How to take into account the data you don’t have
How to improve early estimates
  • Moving away from simplistic deterministic estimates
  • Productive use of three point estimates
  • Delphi – simple but powerful early stage technique
  • Developing realistic competitive single point estimates
How to structure estimates and project budgets
  • Dealing with estimating uncertainty and risk
  • Reviewing and preparing estimates at the whole project level
  • Developing and structuring budgets including financial reserves
  • Improving the visibility of performance against budgets going forward
Following this course: you will be able to develop realistic estimates and project budgets

Email for further details on this course.

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