This article is the third part in a miniseries on building a project cost duration graph. The first part can be found here and the second part here. If you have already read them please ignore this paragraph. If not I would encourage you to read them first as they will provide you with a…
Tag: Planning
How to Easily Construct a Project Cost Duration Graph
This is the second part of a short series on how to construct a project cost duration graph. You can find the previous part here. There are three major steps required to start building a project cost duration graph: Find total direct costs for selected project durations. Find total indirect costs for selected project durations.…
Influencing time, resources and cost estimates quality
A typical statement in the field is the desire to “have a 95 percent probability of meeting time and cost estimates.” Past experience is a good starting point for developing time and cost estimates. But past experience estimates must almost always be refined by other considerations to reach the 95 percent probability level. Factors affecting…
Three planning pitfalls (and how to avoid them)
Planning can make the difference between a project that gets done right and on time, and a project that goes down in flames while you wonder what went wrong. The problem is that, because of the way our brains work and the way we communicate now, we’re just not set up for planning success. But…