Microsoft Project can be turned into an estimating tool with continuously improving data. You can copy these features from a schedule template found here, for instance. Making schedules for specific projects from a template provides consistent schedule structure and vocabulary, accumulating lessons learned, and estimating data. The features enable two techniques, 1) analogous estimating, which is scaling parts of a schedule or an entire project estimate, and 2) parametric estimating, which is scaling the number of items a detail tasks produces. The download template also illustrates 1) how to include a risk reserve and estimating uncertainty buffer and 2) how to produce an Excel report with tabs for tasks recently completed, underway, and coming soon (Kanban).
WebnLearn length: 50 minutes with 10 minutes for live audience Q&A.
Project Management Institute (PMI)® Professional Development Units (PDUs):
This Webinar is eligible for 1 PMI® PDUs in the Technical category of the Talent Triangle.
Oliver Gildersleeve, PMP, MCTS
Oliver teaches Microsoft Project for PMI San Francisco and Silicon Valley chapters and for extensions of the University of California Santa Cruz and San Francisco State University. He also does consulting and mentoring. He is a technical editor of Eric Uyttewaal’s recent three books on Microsoft Project scheduling. Formerly, he was a master scheduler for SAIC, vice president of EPM Solutions, and worked for Perot Systems, Franklin Templeton, a J&J’s medical device company, the Electric Power Research Institute, and Philadelphia Electric.