From Apress | Oct 5, 2011
One of the most perplexing bits of feedback a project manager can get on their cost estimates is to “sharpen their pencil” and remove expenses that are necessary to meet the statement of work. It’s not like you put a lot of filler in your estimates to begin with – you sharpened your pencil before you got started.
This book chapter walks through a hypothetical scenario in which a project manager must review a cost estimate that’s come back 60 percent over the swag in the annual budget. Some tactics covered are negotiating a reduction of scope with the business owners, looking for less costly alternatives and, of course, checking your own work for flaws.
This chapter comes from the book “Lessons in Project Management,” by Jeff and Tom Mochal and published by Apress.
Included in this zip file are:
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EstimatingAssumptions.pdf
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Intro Doc.pdf
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Terms and Conditions.pdf
