7 Estimating the Work

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In This Chapter

• Understand the importance that estimating plays in the success of a project

• Understand how estimating is used to manage project risk

• Review the common reasons for poor estimates and how to avoid them

• Review the key estimating techniques and methods

• Understand the power of bottom-up estimating

• Learn how to properly ask for an estimate

• Understand how to deal with uncertainty

• Learn the best estimating practices of successful projects

Estimating. Nothing else symbolizes the challenges of project management better. Negotiate with senior management and customers to prevent “ball park” estimates ...

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