Project Estimating Training: Public Dates / On Site

Course Description:

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:

1 day  - Cost: £349 per delegate plus VAT

Intended for (who)

Anyone involved in delivering or planning and managing projects

Course objectives:

•  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

Course Session:

Session aim/ objectives / purpose / benefits

Overview of Estimating

•  What are ‘better' estimates

•  What are poor estimates

•  Why estimates are often so far out

•  The key to improving estimating

Estimating principles

•  Estimating stages

•  Different types of estimates

•  The estimating ‘funnel'

•  Preparing estimating

•  Estimating tolerance – difference between estimating tolerance and risk

•  Capturing and communicating estimates effectively

Estimating methods

•  Parametric

•  Factorial

•  Task based

•  Function Point Analysis

•  Three stages of estimating

•  Developing ‘control' estimates

How to develop sound 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

How to improve early estimates

•  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

How to structure estimates and project budgets

•  Dealing with estimating uncertainty and risk

•  Reviewing & determining estimates at the whole project level

•  Developing and structuring budgets and reserves

•  Improving the visibility of performance against budgets going forward

After this course students will

•  be able to develop sound estimates and project budgets