The phrase "duration and cost estimates" sends shivers down the spine of most project managers because no matter how carefully you qualify the numbers they are instantly carved into stone. The most difficult estimates are the ones that you're asked for at the beginning of the project. You may be 10 minutes into your first conversation with an executive about a brand new project when you're asked, "how long will this take and what will it cost?"
For some reason executives have convinced themselves that anybody who's a project manager can come up with accurate estimates with little or no data. The gut wrenching part of this is that your project will be view it as a failure, no matter how fantastic the deliverable, if you miss those initial estimates.
Read the article about estimating and then add your comments and ideas to the blog.
The best regards,
Dick
Dick billows, PMP, GCA
President 4PM.com
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