A Rough Cost Estimate is an initial estimate that uses prior experience (and other non-project data) to estimate the cost of a project. It is also called a Rough Order of Magnitude (ROM) estimate, or a Conceptual Estimate. The Rough Cost Estimate is used for project screening, or deciding which among several projects to proceed with. The project definition is … [Read more...]
11 Types of Estimates
Almost every project requires an estimate. Since a project is, by definition, temporary, somebody must approve a budget for it. Which means they must know how much to approve. The available types of estimates can be categorized into the following groups: Accuracy Source of Data Estimating techniques Accuracy In many industries, project estimates start … [Read more...]
4 Types of Project Offices
In most organizations, if nobody is responsible for maintaining project management practices they will fade away and become just another fad. For this reason, we have seen the rise of the project office. Project offices come in a variety of forms, but can be loosely broken into the categories of duties and authority. Each type of project office provides a different … [Read more...]
10 Famous Project Managers: Leaders Who Shaped Success
Project management is a critical discipline in the modern business world, ensuring that complex projects are completed on time, within budget, and to the required quality standards. Over the years, several project managers have stood out for their exceptional skills, innovative approaches, and significant contributions to their fields. Although some debate will exist … [Read more...]
Guide to Project Document Control
Document control, in project management, is a function that involves the tracking of project documents to ensure confidence in their accuracy and fitness for use. Projects of all sizes use document control to track the important technical documents that the project depends on the accomplish its objectives. Although we focus more on the project's technical documents … [Read more...]
PMI Project Knowledge Areas, Intro
ProjectEngineer.NET is aims to build better project managers each day. That's why we're launching this video series to teach current and future PMP students about the ten knowledge areas of the Project Management Body of Knowledge (PMBOK). … [Read more...]
10 Roles and Responsibilities of a PMO
There is much confusion over what roles a project management office (PMO) plays, and indeed the term is quite broad. But PMO's have undergone significant development in recent years and their roles have become more standardized. So whether you're considering establishing a new PMO or wondering what roles your existing PMO should play, use this comprehensive list to … [Read more...]
PMI Project Knowledge Areas, Video 1: Project Integration
Project Integration is the “mother” to all other project knowledge areas and brings the knowledge and processes together where there is overlap, synergies and flow between other knowledge areas. It has the most processes of any knowledge area at 7 and spans the entire set of process groups. Looking at the Integration knowledge area in more depth, it can be broken down … [Read more...]
What is a Project Management Office?
A Project Management Office, usually abbreviated PMO, is an organizational project support function which assists project managers in the management of projects. There is no single definition of a PMO, and the roles and responsibilities vary quite widely. It depends mostly on the organization's project support needs. Some PMO's perform project management tasks, … [Read more...]
Guide to Project Management Methodologies
In many areas of life there are multiple ways to accomplish a goal, and project management is no different. At its most basic level, project management is the organization of people to accomplish a task. Humans have been successfully performing complex projects, like the ancient pyramids of Egypt, for thousands of years however today the processes and methods are … [Read more...]