The question that we address today is how to develop good cost estimates? We will present our views via four videos on cost estimating, that would address topics like, what are the components of a good estimate, what is the difference between estimating techniques and estimate classifications, and how to estimate contingency reserve. In addition, we will also highlight the relationship between scope definition, uncertainty, contingency, and estimate accuracy. One more statement/question here, do you realize that if the project manager is developing the cost estimate, that could be a conflict of interest?
You can probably claim 2 PDU for this article if you watch all of the videos. Assuming, you need PDUs.
Over the years, SUKAD has been promoting that organizations should build their organizational project management system, including project management methodological approach. We also know that when it comes to PMP Certification; we are not only going against the popular trends and swimming against the PM Main Stream, we are moving against strong undercurrents; if not trying to break walls. In other words, one can only imagine the challenge. Yet, we believe that although the PMP still has value, PMOs, projects development, human resources, and organizational developments executives should consider investing into building tailored project management methodological approach rather than PMP certification. Our view is not limited to the PMP but to all generic certifications, although we focus on the PMP because it is the most popular and cause a craze. Continue reading →
This post is an audio presentation of what is the CAMMP™ Model. Further, the focus is on why organizations should consider and adopt a project management method, like the CAMMP™ Model. Continue reading →
Well, it has been roughly two weeks since the new PMBOK Guide, Sixth Edition is out and the online community is flooded with posts on this topic. Some posts go through extensive details even comparing page count on a chapter by chapter basis.
As someone who has been using the PMBOK Guide, since the first consolidated edition in 1996, and who have learned project management pre-PMBOK Guide, we have a few posts on the subject as well.
Today’s post, the 5th in the series, is about tailoring. What does tailoring refer to in the new guide? Read on: Continue reading →