A project work package is the smallest unit of work in a work breakdown structure (WBS). The output of the scope definition process is the…
RetiredPM
First, let’s define stakeholder. A stakeholder may be an individual, department, or organization who are involved in, may have influence over, or may be affected…
Have 2 experts make independent estimates (or one expert estimate it twice). Sadly, this seems to be the estimating technique on many projects. Fortunately, we…
Archiving project files and data is an important closing activity. The specific information that is archived for a project will vary between projects and organizations.…
Every project manager should be concerned with two questions during the Execution and Control phase of their project: The project manager works with the project…
In my experience, project success starts at the very beginning. Pay attention to the fundamentals of project management and make sure you start with a…
Parametric Estimating is a technique that calculates estimates by leveraging statistical relationships between variables. In essence, it applies a mathematical model to predict costs, durations,…
Three Point Estimates can improve the accuracy of an estimate by considering uncertainty and risk. PERT uses 3 estimates to define a range for an…
Analogous estimating is a project management technique that uses information from similar projects to estimate the cost, duration, and resources required for a new project.…