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Estimate times and costs for each task Consider crashing or overlapping critical tasks Calculate resource requirements over time Assess risks, and prepare action plans Monitor progress to the Gantt chart Communicate progress and changes
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3. Estimate times and costs for each task.Based on experience, records of previous projects, and your team Allow for optimists and pessimists in your team – apply your own judgmentConsider the maximum it might take/cost and the minimum Don’t promise the average to your customer – you will have a 50% failure rate!Add up the averages and then add in some contingency Get contingency in time, cost, and perhaps even specificationIt is probably not a good idea to tell the customer about the contingency If necessary spread the contingency in small amounts across all of the tasks so that it is not easily seen or removed |
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The First Book of Management |
Training courses in other subjects |
Time Management training |
Delegate More! Getting rid of monkeys
© 2005 - 2010 Croft Mangement Centre
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