Projects typically involve many dynamic aspects, yet they’re often constrained by finite conditions. These contradictory forces make it very difficult to determine with pinpoint accuracy the time and effort required. By using a set of proactive estimating techniques to scope, plan, and constrain your project conditions, you can dramatically improve your estimating practices, reduce and mitigate risks, and increase your project success rate.
We do your excel at predicting the time, funding, and resources your projects will require?
Whether your company aims to develop a new product or service, update an existing system, or launch a new project, these undertakings will require people, schedules, funding, resources, requirements, testing, revising, implementation, evaluation, and many other elements.
You may have seen this phenomenon already: projects are risk magnets. Why is that?
The possible reasons include the fact that projects typically involve many dynamic aspects, yet they’re often constrained by finite conditions. These opposing forces make it very challenging to identify with great accuracy the time and effort required, and can result in many budget and schedule “collisions” during the life of the project.
When my clients or colleagues invariably ask,
How long do you think this effort might take? I usually experience a knee-jerk reaction. Instinctively, a part of my brain that once excelled at solving math problems on timed quizzes goes into overdrive. “I know the answer!” it screams.
Yet, unless that project or task is something I’ve performed many times before – under very similar conditions each time, and with good records of my actual hours spent – providing an accurate estimate can be quite elusive. As I strive to imagine all of the stages and steps of a process, as well as fathom the unknown variables or things that could go awry, it’s no wonder that I hardly ever guess 100% correctly, particularly for new endeavours.