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Delivery of Better Project Estimates

Thu, 12 Sept

|

Virtual Event

This workshop will benefit learners who want to manage project estimates effectively within a competitive and rapid environment. It focuses on the leadership, communication, and influencing skills a project manager should have.

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Delivery of Better Project Estimates
Delivery of Better Project Estimates

Time & Location

12 Sept 2024, 10:00 – 12:00

Virtual Event

About the event

Objective: Historical performance data is required to provide some insight into the variability of a project's performance and help understand the risk stakeholders have to bear. By examining estimation scenarios, a project manager can gain insight into the level of risk and the combination of the probability of returns. Learn estimation and planning in this “hands-on” workshop through relevant examples and exercises.

This workshop/session intends to focus on the following problem areas:

  1. Estimation Overview: problems with traditional estimation and planning and why estimation and planning are often conducted poorly
  2. Practical Estimation Approaches: understand the mindset for estimation and why over-confidence can be such an obstacle
  3. Estimation Planning: Using some of the tools and techniques that can help with project estimation and focusing on contingency-based planning
  4. Risk Contingency: - Build the risk and estimates into the project plan.
  5. Presenting Information: The best way of explaining the estimation back to the leadership team is to understand the estimate and the level of risk.

Key Learning Points: The learning for this workshop includes:

  • Understand the challenges that project managers face when dealing with subject matter experts in estimating projects.
  • Identifying the approaches that can be used to deal with estimates and how this can help in project risk management
  • Understand what over-confidence is and how to deal with it.
  • Manage overconfidence and risk in project estimates.
  • Identify eight golden rules to develop a good estimation practice

Workshop Content: The workshop will focus on the following:

Session 1: - Introduction to Estimation & understanding Over-Confidence

Session 2: - Planning for Better Estimation

Session 3: - Contingency Planning

Session 4: - Presenting Estimates to the Business

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