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Planning: time and cost
Guide to Project Management – Paul Roberts
Michael Hasslacher
Stefan Hasslacher
Planning: time and cost
know what tasks will be necessaryto deliver each product
The process can be summarised as
● develop draft product● review product● amend product● approve product
Estimating techniques
without reference to any stored data or prior experience:
● top down and bottom up● delphi technique● analogy
Top-down
source: guide to project management
Top-down and bottom-up
source: guide to project management
Delphi technique
experts support estimation
Analogy
comparing the project, or aspects of it, with something similar
Estimating techniques
require estimation data from previous projects:
● work distribution● standard project/product
Work distribution
depends on the reliability of data from previous projects similar to the actual project
Standard project/product
source: guide to project management
Productivity
● people will not be 100% productive● productivity does not always increase when
more people are allocated to a task● people have different productivity rates● Productivity increases are usually temporary
Productivity
● let people estimate their own work● make planning assumption clear● agree product descriptions● look at metric from previous work● negotiate penalty/reward clauses
Planning timescale and budget
source: guide to project management
Planning timescale and budget
source: guide to project management
Planning timescale and budget
source: guide to project management
Planning timescale and budget
source: guide to project management
Planning timescale and budget
source: guide to project management
Planning timescale and budget
source: guide to project management
Planning timescale and budget
source: guide to project management
Sources
● Guide to Project Management – Paul RobertsThe Economist