Big Dog, Little Dog: Performance Juxtaposition: Don Clark
Wednesday, July 25, 2012
Estimating Costs and Allocating Resources
There is a certain amount of anxiety on projects (more on larger projects) to be “within budget”, depending on the commitment levels and where you are in the scope definition and price assessment process. The repercussions of being "off", or "over-budget" can range from mildly unpleasant to severe; hence, the anxiety. Estimating costs and allocating resources is a skill that project professionals diligently strive to hone because it is the back bone of a successful project run. Others, like me, that are relatively inexperienced with this skill rely on experience or mentors to share their knowledge. I found some resources that provide perspective and tips on how to professionally and successfully estimate project costs and resources.