In this video tutorial, we’ll show you how to estimate projects in 7 simple steps. See best practices for estimating project budget, duration, and effort, and find out why cost estimation is important in project management. Read more in our free guide: https://teamgan.tt/32tv9pZ
0:00:00 Intro
00:00:59 Step 1: Know your team’s expertise and job responsibilities
00:02:27 Step 2: Understand how your company's project management process works
00:03:32 Step 3: Study project estimation techniques and trends
00:05:26 Step 4: Use historical data to create better project estimates
00:06:20 Step 5: Ask detailed project questions to improve cost estimation
00:07:55 Step 6: Break your project down into smaller parts for estimating accuracy
00:08:31 Step 7: Assign hourly estimates to tasks and people in TeamGantt
Every business has a budget and wants to know if a project is worth the costs before they invest in it.
A project estimate gives you and your stakeholders a general idea of how much time, effort, and money it’ll take to get the job done. That makes it easier to build a feasible project budget and plan so you can set your team and organization up for success.
Get ready to learn a whole new set of project estimation techniques because you’re about to become the best project estimator in the business.
Don't forget to check out our website where you’ll not only find our project management software, but tons of project management education. We offer free weekly live classes, ondemand master classes, templates, guides, a blog, a podcast...and more.
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