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How to Manage Fixed Date Projects

Rebel’s Guide to PM

Work out the end date ignoring the fixed delivery date, even if you do have to crash your analysis time into a shorter period and use estimates with a greater degree of uncertainty than normal. Backing in is when you start at the end of the project and work your way backwards calculating task estimates until you reach today.

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Resource Management in Projects: The Ultimate Guide

Rebel’s Guide to PM

You might want to take this even further and document exactly how you are going to estimate how much time resources will be required for, how you are going to ‘win’ scarce resources, and what risks you might face around securing the resources. Step 2: Estimate Resource Requirements. Resource estimation is always tricky.

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Project Forecasting 101

Rebel’s Guide to PM

A prediction is a single-value, deterministic estimate of a future uncertainty. A forecast is a probabilistic estimate about the possibilities, both probable and improbable, of a future uncertainty. But when it comes to estimating the chance for rain tomorrow, meteorologists forecast the chance of rain. I don’t get it!

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Agile Project Management: What is it and Why is it so Important?

Online PM Courses

In the world of PRINCE2, we have PRINCE2 Agile. It uses estimating, budgeting, planning, and controls to predict costs and schedules, and to work to maintain them. You can’t make accurate cost and schedule estimates. We now have a methodology-agnostic 7th edition. So what would you do? Give up and do nothing?

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Project Manager Job Description (with free copy+paste examples!)

ProjectManager.com

There are two major certifying bodies, PRINCE2 and the Project Management Institute (PMI). While communication is key to address changes and make sure everyone is doing what they need to do, the project manager must also define, schedule and accurately estimate the task duration to develop and maintain a realistic project schedule.

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How to Create a Project Initiation Document (Template Included)

ProjectManager.com

It’s used primarily in PRINCE2 methodology, which is an acronym that stands for PRojects IN Controlled Environments. Project Budget Here’s where you’ll make the most accurate estimation of project costs possible. What Is a Project Initiation Document (PID)? It’s similar to a project charter but more in-depth.

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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

Baseline A baseline is an estimate of the project’s scope, schedule and costs that is created during the planning stage. Cost overrun This is the actual cost that exceeds the estimated cost in the budget, also known as a cost increase or budget overrun. Learn more in our Ultimate Guide to Project Planning.