Time Estimation Mistakes – Video

Dick Billows, PMP
Dick Billows, PMP
CEO 4pm.com
Dick’s Books on Amazon

Project managers must make time estimates at the beginning of every project because the sponsor needs to know when the project will be done. The sponsor wants to be sure the project manager will meet their due date expectation. “When are you going to be done?” is probably the the question that’s asked most often in project management.  Time estimation includes the amount of work and the amount of time (duration) required for the team members’ assignments. They are probably the most important estimates and they have to be accurate. There is a tremendous advantage if the team members participate in the time estimation process. When the team members participate in making the estimate and they think the estimate is fair, they have a commitment to finishing their work within that time. Adding all the estimates from the individual team member assignments up to the final deliverable is called “Bottom up”  time estimation. The accuracy of the time estimates is a major determinant of a project manager’s credibility with upper management, stakeholders and the project team.

Time Estimation Mistakes Video

The video shows a technique for time estimation that 60% of project managers use. But it is the wrong way. It creates time estimates that no one believes so no one is committed to them. After you watch the project manager work with the team, you’ll go behind-the-scenes and hear what the team members say about their time estimation session. You’ll also hear from the project sponsor about the completion date he set. Then I will give you my assessment of what happened, the impact on the team members, the level of commitment they have to their dates and how the project manager should have done things. I hope you enjoy it.

Bad Estimating Process

You can learn to use several time estimation techniques in our online project management courses. You’ll work privately and individually with a expert project manager. You control the schedule and pace and have as many phone calls and live video conferences as you wish.  Take a look at the course in your specialty.

 

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Author: Dick Billows, PMP

Dick has more than 25 years of project and program management experience throughout the US and overseas. Dick was a partner in the 4th largest professional firm and a VP in a Fortune 200 company. He trained and developed 100's of project managers using his methodology. Dick is the author of 14 books, over 300 articles and director/producer of 60 short project management videos. He and a team of 25 project managers work with client companies & students across the US and in Europe, South America, Asia and the Middle East. They have assisted over 300 organizations in improving their project performance. Books by Dick Billows are on Amazon.com