The aim of effective project management is to bring the project to completion on time and on schedule. Estimating project duration is a key function of scheduling. Individual activities make up the ...

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 ...

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, ...

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 ...

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 ...

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 ...

Project work estimation has three components: the initial first cut, commonly known as a SWAG (scientific wild-ass guess), tracking the estimate against the actual numbers, and using the schedule to ...

This latest release of Corecon’s web-based estimating and project management software offers users several new tools to help manage construction projects. Corecon V7 web-based estimating and project ...

While cloud computing and the abundant project data it provides have transformed everything from construction management to conceptual design, preconstruction estimating remains stubbornly unchanged, ...

In my September column, I outlined what not to do when trying to set up a commercial HVAC/plumbing estimating department. Using the worst remembered anecdotes and emotional souvenirs, I reviewed the ...