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Resource Forecasting Guide for Project Managers

Rebel’s Guide to PM

Managing resources in professional services firms is crucial for maintaining sustainability and achieving anticipated employee performance goals. But unfortunately, many resource managers have to rely on approximation and guesswork because they don’t have the right tools and techniques. Let us begin with the basics.

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6 Project Estimation Techniques for More Accurate Project Planning

Scoro

Analogy-based estimation Analogy-based estimation involves analyzing completed projects that are similar to your current one. This project cost estimation approach works especially well for bigger companies with lots of historical project data. This decreases the risk of planning unrealistic deadlines or budgets.

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Project Cost Estimating: How to Nail Your Estimates

Teamweek

The project is spiraling out of control, scope creep is closing in, and you’re losing sleep because of all the stress. Unfortunately, this scenario is all too common for project managers. . Project cost estimation can be challenging, especially when the project is complicated and has many moving parts.

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Resource Breakdown Structures: A Simple Guide for Professional Services

Scoro

A resource breakdown structure (RBS) is a project management tool that visually categorizes the people, tools, hours, and budget required to complete a project. Created during project planning , it provides a clear, systematic approach to managing resources. This helps prevent project delays and unexpected costs.

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Agency capacity planning: 11 steps to better margins

Resource Guru

When resources are allocated optimally, projects can progress smoothly, reducing delays and rework. Improved profitability Efficient capacity planning can improve profitability by reducing resource waste and cost overruns. Plus, it’ll help you better estimate project costs and allocate resources effectively to maximize margins.

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The Best 53 Project Management Blogs You Should Be Reading

Paymo App

People are gradually becoming more interested in project management as an independent topic and as a possible career. Project management blogs and resources can be a primary source of knowledge, especially if project management (PM) experts contribute to them. Project Management Software Developers.

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Bottom-Up Estimating: A Comprehensive Guide

Teamweek

Bottom-up estimating is a project management technique for estimating a project’s overall cost, timeline, and resources. The bottom-up approach breaks down a project into smaller, more manageable tasks. Bottom-up estimating means breaking down a project into smaller work packages.