Project Estimating Training Course

This estimating training course will demonstrate the fundamentals of improved estimating and teach delegates how to improve the accuracy of estimates throughout the project lifecycle, especially in the early stages.

Course Duration / Cost:

1 day  - Cost: £349 per delegate plus VAT

Anyone involved in delivering or planning and managing projects

• To teach core estimating skills and processes
• To enable delegates to prepare more accurate estimates
• To demonstrate how to structure projects budgets more effectively to improve visibility of performance through delivery

• What are ‘better' estimates
• What are poor estimates
• Why estimates are often so far out
• The key to improving estimating

• Estimating stages
• Different types of estimates
• The estimating ‘funnel'
• Preparing estimating
• Estimating tolerance – difference between estimating tolerance and risk
• Capturing and communicating estimates effectively

• Parametric
• Factorial
• Task based
• Function Point Analysis
• Three stages of estimating
• Developing ‘control' estimates

• Capture of Estimating Assumptions
• How to capture and present estimates
• How to make the most of the data you have
• How to take into account the data you don't have

• Moving away from simplistic deterministic estimates
• Productive use of three point estimates
• Delphi – simple but powerful early stage estimating technique
• Developing realistic competitive single point estimates

• Dealing with estimating uncertainty and risk
• Reviewing and preparing estimates at the whole project level
• Developing and structuring budgets including financial reserves
• Improving the visibility of performance against budgets going forward