How to supercharge your project estimating
In this podcast, Elise Stevens speaks with Chris O’Halloran from the Striking group about how to supercharge your project estimating.
Striking Project Management, founded by Chris, is a project management services and consulting company based in Brisbane and Shanghai, assisting small to medium sized businesses with advice, workshops and products, as well as complete project management services if required.
Chris is also the Head Agile Coach of Agile Sumo. He is a qualified and Certified Practicing Project Director (CPPD) who works with the latest technology and tools to ensure projects are successful. Chris is passionate about designing, planning and delivering project management solutions and realising global business objectives, improvements and organisational strategy. He is also a regular blogger and international speaker on project management.
Points raised in this podcast:
- As project managers we are often asked to estimate the work required for a project from the idea phase, when we don’t know enough about the project.
- This estimate is often expected to be a fixed line in the sand.
- Each project has elements of uncertainty and uniqueness that cannot be known when estimates are made.
- Project managers should be allowed to revise and refine their project estimates.
- Statistics suggest up to 70% of projects fail.
- Project managers should consider whether they are focusing too much on estimates and not enough on value.
- A project may not always be bound by the budget. Knowing where the sensitivities are with the project’s stakeholders is essential when estimating.
- The most dangerous place for a project manager to manage from is behind a desk.
- Remember an estimate is only an estimate; it’s your best guess. Make sure the project stakeholders know your estimate is based on assumptions and may vary significantly.
- Talking to experts can help you supercharge your project estimating.
Watch a free Agile Masterclass on the Striking Project Management website.