Thursday, March 31, 2011

Estimating Costs and Allocating Resources: Budgets and Resource Allocation

What do you find the most challenging about estimating activity durations and resource costs?

Creating a comprehensive schedule is one of the more difficult activities that project managers face. Schedule creation is often considered more art than science, and results often support this. What is often more frustrating is that team members often find themselves on one team with a project manager that creates and manages schedules a particular way and on another team with a project manager with a different approach (Holohan, 2010).


Links -
1. http://www.super-business.net/Project-Management/Activity-Duration-Estimating.html -

2. http://office.microsoft.com/en-us/project-help/estimate-activity-duration-HA001139963.aspx -


Reference

Holohan, R. (2010).6 Steps to Successful Schedules. Retrieved March 31, 2011 from http://www.projectsmart.co.uk/6-steps-to-successful-schedules.html




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