Going through the Risk Management planning process is fantastic for figuring out pessimistic, optimistic and most likely scenarios. We did a little bit of work with this earlier as we estimated how much things will cost. We can use the same technique to figure out how much time things take. Even if you are using […]
Cost Estimations for Your Plans
I talked a little bit in a previous post about Calculating Opportunity Costs. If you are asked to put together more numbers, there are a few techniques available out of the Project Management Body of Knowledge (fondly known as the PMBOK) that you may find useful. Analogous Estimating Using the cost of similar projects to […]
