Welcome to PCO Blogs

This is a place for Registered Users to share their technical view and opinions in form of blogs which they think might be useful to the greater PCO community. We invite prolific writers to share their insights and witticisms, but remind all contributors to be mindful of any copyright rules. ProjectControlsOnline will not be held responsible for any breach in rights and responsible users will be held accounted for the same.

Please note that you may NOT get badges, stars etc. by posting blogs here as they are pretty meaningless as they do NOT make you wealthier, fitter or more attractive to the opposite sex! The best you will get from contributing here is the satisfaction/self-respect from knowing you have helped others.  So, please continue to make positive contribution to this community portal and extend whatever help you can to your fellow colleagues.  Thanks!

 

Please read this help page before creating a blog

spacer
Latest blog entries

Improving the Estimation Process

Aug 31

Written by:
31/08/2011 15:16  RssIcon

Estimating is defined as an informed assessment of an uncertain event. For project managers, accurate estimates are the foundation for effective project planning and execution. There are many processes that have been developed to assist in the estimation process. Without proper estimating of project duration, cost, resources, risks, and other parameters, it is impossible to implement proper alternatives to ultimately make timely and sound decisions.

There are five (5) main steps of practice that an effective project management program



engages to maximize their success of projects, which include: project planning; project baseline; reporting; change control; and project closure. Each of these steps is individually built upon accurate estimating and control to ensure positive project results.

So what are some typical events that may impact the validity of your estimates?

  1. Poorly defined scope of work-this includes misinterpreted work elements,



    or tasks that are not granular enough for where you are in the project life cycle (PLC).
  2. Lack of knowledge for internal project cost.
  3. Inflated optimism the proverbial rose-colored glasses way of guessing project problems or events.
  4. Failure on risk management-ignoring risks and uncertainty will skew



    the estimates and become unrealistic.
  5. Time pressure or unrealistic targets-this is a miscalculation of the time a project task will take and failure to communicate what is reasonably achievable.
  6. Adoption of inappropriate estimation methodologies.
  7. Failure to utilizing historical data.

So with so many factors that could possibly cause estimate imprecision, what can be done



to help make you more accurate?

  1. Educate your project team and organization on estimating and require the appropriate project team members to prepare the estimate for their scope of the project.
  2. Reach out to a subject matter expert (SME) with experience for scenarios.
  3. Incorporate peer reviews and estimate validation processes into your PLC.
  4. Incorporate Risk Management and contingency developed throughout the PLC.
  5. Encourage estimating and re-estimating after each phase of the PLC.
  6. Have accurate and timely documentation of change requests.
  7. Research historical data on the project effort, schedule, cost, risk, and resources for lessons learned, and make appropriate adjustments. Statistical baselines



    should be created and revised periodically.
  8. Use mock ups, trial runs, field studies, or other simulations as a guide.
  9. Define work scope accurately and accurately track time against each task.
  10. Basis of Estimate Document.

Project Estimation should include validation of project performance based against the plan, and should use metrics based on project estimates and actuals when making decisions. A sound risk management program should also be implemented and to capture risk occurrence for future reference. Risk management will reduce the uncertainties



and will enable better estimates.

Finally, estimation methodologies should be put in place to determine project health and make informed decisions on contingencies.

In conclusion, there is an unrealistic pressure to complete projects faster, cheaper, and more efficiently. Developing and implementing these control points into the estimating process, you increase the accuracy of your estimate and the probability of delivering projects accurately and timely.







About Integrated Consulting

Founded in 2005, Integrated Consulting is among Houston’s premier project management and controls organization that helps significantly enhance project success by providing unbiased project consulting and implementation, providing data for informed decision making and accurate forecasting and helping attain strategic goals. Involved with groups such as PMI, AACEi and Houston Pipeliners Association, Integrated Consulting trains and supports its clients on reducing risk, cost trending, monitoring schedules, project management, and implementing new systems and standards.







For more information on Integrated Consulting and our services, please visit www.icpcs.com, email info@icpcs.com or call 713-542-9084.

Copyright ©2011 Integrated Consulting

12 comment(s) so far...


what is chkdsk utility

Professional chkdsk repair windows 7 is effective Chkdsk Utility Fixer which is capable of fixing this error in a short time. This tool provides people an clear interface which is suitable for both computer novices and advanced computer users.
# Chkdsk Utility software

By TrackBack on   22/01/2015 13:35

memory card recovery software

SDHC card recovery software pro has powerful and various functions. This attracts so many people to restore important files via recovering sdhc card files pro. recovering sdhc card files pro is easy to use. Just a few steps you will restore your lost of SDHC. Using how to recover data from sdhc card pro is safe and risk-free. SDHC card recovery software pro runs read- only operations on your memory card. It does not move, delete, or modify the data on the card to avoid causing further damage or overwriting the source.
# sd card file recovery

By TrackBack on   22/01/2015 13:35

memory card data recovery

recover corrupted photos Pro is a simple, great data recovery software. corrupted photo recovery Pro recovers files emptied from the Recycle Bin, lost due to hard drive crash, formatted hard drive, virus infection and other unknown reasons. How to recover corrupted photo files from sd card Pro supports all of the major datas. It can easily, quickly and absolutely reliably rebuild the lost datas. Using the software is like child play. How to recover corrupted photo files from sd card Pro runs on Win 8, Win 7, NT 4.0, XP and Windows 2000 systems. how to restore corrupted photos Pro can restore all kinds of missing data with no risks. You can preview the datas you wish to recover before you recover.
# how to recover deleted pictures from sd card on phone

By TrackBack on   22/01/2015 13:36

dell webcam driver download

Dell driver update time when reinstalling Windows, both on recent PCs and older computers for which the original CDs containing the drivers have been lost. You no longer have to track down old driver installation CDs, insert one installation CD after another or spend hours searching for drivers on the Internet. dell driver update utility Utility is able to display a detailed report about all installed drivers (versions,release dates) and supply you with Windows Experience Index rating information before you buy new hardware. Dell driver update Utility is a simple tool that uses cloud-based scans to identify, download, and enable you install driver updates for your system. It works out a personal profile that remembers your drivers and downloads the right ones automatically when you scan your system. dell drivers downloads Utility is easy, colorful interface advised us to begin by scanning our system, so we did. The process involves two steps, scanning for updates and reviewing the findings. [url=UrlSpin]TitleSpin[/url] Utility found two updates, which does not sound like much, but we keep our test system up-to-date. We selected the first update for downloading and chose to ignore the other for the time being. Dell Drivers downloadUtiltiy supports the following Dell devices:Dell Desktops & Workstations, Dell Notebooks & Tablet PCs, Dell Printing & Multifunction, Dell Digital Entertainment And Audio, Dell Digital Photography, Dell Handheld And Calculators, Dell Monitors and Dell Networking. how to update Dell drivers Utility not only downloaded the update but also unzipped and started it. Better still, it worked out a restore point and backup so that we could easily roll back any changes it made.
# dell touchpad driver windows 8

By TrackBack on   22/01/2015 13:36

recover deleted files from sd card

recovering sdhc card files pro has powerful and various functions. This attracts so many people to restore important files via SDHC card recovery software pro. recover sdhc card pro is easy to operate. Just a few steps you will restore your lost of SDHC. Using SDHC card recovery pro is safe and risk-free. recovering sdhc card files pro performs read- only operations on your SDHC card. It does not move, delete, or modify the data on the card to avoid causing further damage or overwriting the source.
# sd card file recovery

By TrackBack on   24/01/2015 14:02

recover files from sd card

How to recover corrupted photo files from sd card Pro is an easy to use, great data recovery program. How to recover corrupted photos from memory card Pro restores files emptied from the Recycle Bin, lost due to hard drive crash, damaged hard drive, virus infection and other unknown reasons. recover corrupted photos Pro supports all of the major datas. It can easily, quickly and absolutely reliably reconstruct the lost files. Using the software is just like child play. recover corrupted photos Pro runs on Win 8, Win 7, NT 4.0, XP and Windows 2000 systems. corrupted photo recovery Pro can undelete all kinds of missing data without any risk. You can preview the files you want to recover before you undelete.
# recover lost photos android

By TrackBack on   24/01/2015 14:03

excel file data recovery software

Wise how to recover Excel Files is an effecient tool to recover XLS file data, repair file corruption and remove errors. Presenting Wise recovered Excel Files tool for XLS 2003, 2007, 2010 file to detect, repair and recover file from corruption or damages for any possible reasons. Wise recovering Excel Files helps the users to perform the recovery of their corrupted XLS files in a short span of time range that allows the users to save a lot of time that while repairing the entire data. Moreover, the stepwise recovery and the interesting interface provided with the software lets the users fix their Excel spreadsheets without encountering any complications.As is known to all, Wise recovered Excel Files helps users to restore data from corrupted MS Excel files perfectly as this advanced Excel File Recovery tool is one of a kind in the market that provides the option to recover Excel database with the functions, charts, calculations, pivot tables, graphic and macro programming languages. With the help of this Wise restore Excel Files you can attain safe and sound data file recovery from any error causing corruptness.
# how to recover unsaved excel file

By TrackBack on   24/01/2015 14:03

acer bluetooth driver

acer sound card driver download Utility is able to provide a detailed report about all installed drivers (versions, release dates) and offer you with Windows Experience Index rating information before you purchase new hardware. acer drivers for windows 7 Utility is easy to use, colorful interface advised us to begin by scanning our system, so we did. The process involves two steps, scanning for updates and reviewing the findings. Acer drivers download Utility found two updates, which doesn not sound like much, but we maintain our test system up-to-date. We selected the first update for downloading and chose to ignore the other for the time being. Acer drivers download Utility not only downloaded the update but also unzipped and started it. Better still, it created a restore point and backup so that we could simplely roll back any changes it made. To update Acer drivers, we needed to click OK now and then to complete the update process. Scanning again showed that our system was up-to-date with no more updates available. Operating Windows Update found nothing acer drivers for windows 7 Utility had missed. acer driver updates Utility automatically scans for more advanced driver versions and identifies and installs lost drivers for unknown devices in your computer.Download all drivers from one place in just a few easy clicks and keep your PC up to date. Backup drivers and keep all of them in one compressed file, save them at a mouse click within just a few minutes.with this acer driver download utility, you can download acer sound card drivers, video card drivers, printers etc. and it support all windows OS and all acer products, like acer laptops.
# acer laptops drivers download

By TrackBack on   24/01/2015 14:04

uninstaller for windows

Smart Uninstaller Pro provides an easy to use and efficient solution for uninstalling unwanted programs.
# download uninstaller

By TrackBack on   24/01/2015 14:04

how to restore contacts on iphone

how to recover deleted files on samsung tablet Pro is a FREE, fast and safe solution for your lost data recovery from Samsung Tablet. This free how to recover deleted files on samsung tablet software offer you easy and quick data recovery solutions to retrieve missing files from a tablet. samsung galaxy tab recovery Pro supports all brands of computer and cell phones including Samsung, Nokia, HTC and more. Generally, if the missing data on the Samsung Tablet is not corrupted or overwritten, samsung galaxy tab recovery Pro will help you to restore it and get all your important files back. samsung tablet files recovery Pro can retrieve not only tablets but also all memory cards such as Compact Flash card, CF Type I, Type II, MicroDrive, CF card, Memory Stick, Memory Stick Pro, Duo, Pro-HG, XC, Micro (M2), MultiMedia card, MMC card, SmartMedia, flash card, xD Picture card, etc. it can also efficiently and effectively restore lost, deleted, corrupted or formatted photos and video files from all kinds of SD cards. samsung tablet files recovery Pro can restore all daily files, data, but also images, pictures, music, audios and videos with nearly various kinds of formats. That may be others software can not do. The recovery process is safe and no risks. Complete do-it-yourself and risk free, only 3 steps: Connect device and Scan, Select files and recover! So it can satisfy people in different age.
# restore my contacts

By TrackBack on   26/01/2015 10:45

recover deleted photos on samsung galaxy s3

how to restore samsung tablet Pro is a FREE, fast and safe solution for your missing data recovery from Samsung Tablet. This free restoring samsung tablet software provides easy and quick data recovery solutions to retrieve lost files from a tablet. samsung tablet files recovery Pro supports all brands of computer and cell phones including Samsung, Nokia, HTC and more. Generally, if the missing data on the Samsung Tablet is not corrupted or overwritten, samsung galaxy tab recovery Pro will help you to recover it and get all your important files back. samsung tablet files recovery Pro can retrieve not only tablets but also all memory cards for instance Compact Flash card, CF Type I, Type II, MicroDrive, CF card, Memory Stick, Memory Stick Pro, Duo, Pro-HG, XC, Micro (M2), MultiMedia card, MMC card, SmartMedia, flash card, xD Picture card, etc. it can also efficiently and effectively retrieve lost, deleted, corrupted or formatted photos and video files from various SD cards. restoring samsung tablet Pro can recover all daily files, data, but also images, pictures, music, audios and videos with nearly various kinds of formats. That may be others software can not do. The recovery process is safe and risk-free. Complete do-it-yourself and risk free, only 3 clicks: Connect device and Scan, Select files and recover! So it can satisfy people in different age.
# samsung tablet recovery

By TrackBack on   26/01/2015 15:54

how to fix the dns server

Smart how to fix Dns Server Not Responding Pro owns a fresh copy of the Windows registry using information contained in your existing registry. In doing so, Smart fixing Dns Server Not Responding error Pro supercharges your system performance by removing fragmentation, gaps, and deleted registry entries. The result is a cleaner, leaner registry that uses less disk space and consumes fewer memory resources. The DNS, which stands for Domain Name Server, is a crucial part of your computer because it serves as a hierarchical naming system designed to locate a website and its IP address, which is built on a distributed database for computers, or for any resource connected to the Internet. Many people have been experiencing trobule with their computers DNS because their computers can often become confused with the various important DNS settings on your computer. Smart fixing Dns Server Not Responding error Pro should perform whenever a new application is installed or removed from your system, and at least once a month to ensure that your machine is operating at peak performance. Registry problems are the usual cause of Windows crashes, error messages, and degraded performance. Smart how to fix Dns Server Not Responding Pro can clean and repair Windows registry problems with a few simple mouse clicks.
# what is the dns server

By TrackBack on   26/01/2015 15:54

Your name:
Gravatar Preview
Your email:
(Optional) Email used only to show Gravatar.
Your website:
Title:
Comment:
Security Code
CAPTCHA image
Enter the code shown above in the box below
Add Comment   Cancel 
spacer
My Blog
You must be logged in and have permission to create or edit a blog.
spacer
Search Blogs
spacer