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