Check Out Our Updated Website

We have just completed an overhaul of our website
www.theproject
group.biz
Besides the new look we
have
added a search engine that will search not only the
website site, but also our Newsletter Archives.
The Nuts & Bolts of Project
Management
We specialize in assisting corporate and government
clients in learning to improve their productivity while
planning and executing projects.
Our three-phase approach yields faster more efficient
project initiation, planning and execution results.
We also offer a one-day class on Microsoft Project
2002TM for users wanting to improve
their productivity in using the software.
We offer this monthly newsletter free to all who are
interested. To subscribe, click on the link below.
Click Here To Subscribe
|
|
Greetings,
Each month our newsletter will delve into a specific
step
in the phases of Initiation, Planning and Execution of
projects. Our methodology is applicable to any project
in any industry. Our systematic approach to Project
Management is designed to help your company's
projects gain traction quickly, communicate clearly to
all parties and keep them on track to reach a
successful
conclusion.
This newsletter focuses on Process 5: Estimating Task
Duration within
the Planning phase.
|
|
|
|
The Three Estimating Paradoxes | | An estimate is a guess... you are required to
commit to as fact.Work is not compressible... yet somehow, work
gets compressed.
Estimating can be done only
when you clearly understand the work to be
done... but you must make estimates before
you fully understand the work. | |
Effort, Duration, and Calendar Time Are Not The Same | | Effort Time it takes to complete a task
assuming the work is without
breaks
Duration Effort plus
gaps of non-work
Calendar
Time Duration plus statutory non-work
periods (nights, week-ends, holidays)Effort
"Pure effort" is only possible on
short tasksIs hard to ascertain because work is
prone to interruptionIs usually measured in
hours
Duration Is usually the
response to "How long will it take?"May be hard to
ascertain amidst all other job responsibilitiesIs
usually measured in days
Calendar
Time Needs to be verified for particular
project environment: "Will we work week-ends?"Is
aided by scheduling software
 | |
Estimating Types | | As you begin estimating your tasks, we suggest
you charaterize them as either Strategic,
Planning
or Tactical.
Strategic
EstimatesAre used to give a 'go/no go'
decision on investigation of a projectAccuracy is
plus or minus 100%Answers the question, Is this
task a mouse or an elephant?
Planning
EstimatesAre given to task owners to
refineAccuracy is plus or minus 25%Tactical Estimates Are what task owners
can commit toAccuracy is plus or minus 5% | |
Task Duration Is Affected By Resources | | Resource-Driven TasksDuration decreases as more
resources are addedOften "blue collar" or
clerical tasksMight increase in duration with
multiple resources "Fixed" Duration Tasks Duration is not dependent
on
resources"Information Work" is usually in this
categoryCan be affected by hidden waits and
delays
Beware! Popular project
management software often defaults to the Resource-
Driven task type. This mathematically shortens a task
duration as resources are added. | |
Estimating Secrets | | Make sure you know what the task
involvesUse some
methodology that justifies the estimateCut your
estimating time in half by doing Planning
Level estimating now and refine your estimates
later when you know which tasks could delay your
project (Critical Path). | |
Final Estimating Thoughts | | An estimate should contain data to determine what will
happen, not what we would like to
happen.
 Click Here To View Previous Newsletters | |
|