PMcrunch

[tag-tec]Task estimating[/tag-tec] is a critical skill for [tag-dir]project managers[/tag-dir] and [tag-dir]project teams[/tag-dir]. We cannot manage what we cannot estimate. However, realistically, it is very difficult to be able to estimate every possible task accurately.

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Critical Chain project management is a great idea, or really a great collection of ideas. It has similarities to the Critical Path Method in that it focuses on the critical path tasks for managing the project. But there are several innovative ideas that distinguish critical chain from critical path, and some unique hurdles to implementation.

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Here are four keys to accurately estimating task duration for projects. The use of these varies from project to project and on each project type but nonetheless these four keys will provide a high degree of confidence that your risk is limited as to duration of tasks.

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The PMBOK specifies that there is a process for Activity and Resource Estimating. There are a variety of nuances to this process and it is very important to a project’s success that project team members have the skills to produce accurate estimates.

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There are some key factors that must be in place in order to put Earned Value Management into practice. These ‘key factors’ are all good project management practices. Indeed, part of the benefit of practicing earned value management is the disciplined process that earned value demands up front! In other words, you cannot implement earned value management without practicing good project management!

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