You are always estimating on your project

EstimationGovernance

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It is a complete misconception that estimation is a formal activity that is completed a limited amount of times on a project. In reality, estimation happens all the time and most of this estimation is either performed on the spot or within a very small window. In addition, the estimation is rarely the product of more than one person and regularly has no review or sign off process. One way you project will be judged as successful is how well the final amount of work compares to what was originally estimated.

In reality, estimation happens all the time and most of this estimation is either performed on the spot or within a very small time window. In addition, the estimation is rarely the product of more than one person and regularly has no review or sign off process.

One way you project will be judged as successful is how well the final amount of work compares to what was originally estimated. One way a Project Manager is judged as effective is how well they keep their promises to do something on, or before the time they estimated.

It is not realistic or pragmatic to implement a governance process for all types of estimation however it is definitely worth a Project Managers time to consider how they are managing each estimation type to mitigate the risk of those estimates being wrong.

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