Studies show that projects commonly exceed their original budget estimates. There are many reasons for why this is so; however, the fact remains that estimating and budgeting are weak areas for most project managers and project-driven organizations.
In this half-day session, participants will learn different ways of estimating that are suited to the different risk profiles of projects, different types of contingencies and how to use them effectively to manage risk, how project budget estimates fit into organizational fiscal budgeting and project governance frameworks, and how to use project performance metrics to more accurately forecast project expenditures until project completion on both traditional (waterfall) and agile projects.
At the end of this course, participants will be able to:
This course is ideal for project managers, project engineers, functional managers, and senior team members responsible for providing estimates as part of a project or departmental budgeting process.
There are no prerequisites for this course.
Participants receive a workbook with copies of all of the course slides and case study materials.