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Understand These Three Estimating Concepts

Posted from method123.com

Estimate in Phases

One of the most difficult aspects of planning projects is the estimating process. It can be hard to know exactly what work will be needed in the distant future. It can be difficult to define and estimate work that will be done three months from now. It’s harder to estimate six months in the future. Nine months is even harder. There is more and more estimating uncertainty associated with work that is farther and farther out in the future.

A good approach for larger projects is to break the work into a series of smaller projects, each of which can be planned, estimated and managed separately with a much higher likelihood of success. From an estimating perspective, the closest project can be estimated more precisely, with the subsequent projects estimated with a higher level of uncertainty. When one project completes, the next project can be estimated with a higher degree of confidence, with estimates refined for the remaining projects. This technique also provides checkpoints at the end of each project so that the entire initiative can be revalidated based on current estimates to ensure that it is still viable and worth continuing.

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5 Main Responsibilities of a Project Manager

Dinner at a fine restaurant is always an assortment of dishes. Small portions of appetizers, soups and salads whet the palate and subdue the appetite so that a diner enjoys the real star of the show, the main course. Dessert completes the experience. Likewise, while project management entails many small activities, there are a handful of main responsibilities that successful project managers serve up.

The following are the:

5 Main Responsibilities of a Project Manager

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Manage Communication – Eight Steps to Manage Virtual Teams

Most everyone works in a team environment. Generally, the most effective teams are those located together. On the other hand, globalization is driving team staffing in the other direction.  The Internet, faster and more reliable communication, and collaborative tools are allowing people to come together on teams that are no longer co-located. Globalization is pushing work all over the globe, with independent people and teams working anywhere and everywhere. Individual and team training can be done easily through e-classes. These groups are referred to as “virtual” teams. They are real teams but they are referred to as “virtual” because they do not communicate and interact in a traditional face-to-face manner.

Manage Communication
Eight Steps to Manage Virtual Teams

There are some special techniques that can be used to manage these virtual teams.

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6 Steps to Delegate Tasks Effectively

Do you have trouble delegating tasks to people on your team? You shouldn’t. The following is a real-life example of what happens when someone can’t let go of tasks and delegate. I share a few practical reasons why people find it hard, and what you can do to have the confidence you need to delegate. Soon, you will be delegating tasks every chance you get!

“Forget it, I’ll just do it myself…” said Lisa, the technical director of the company where I worked.

Her reaction was always the same. Every time I asked Lisa for clarification about how she wanted something done, she would unpleasantly cut the conversation short and leave me with that response.

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