Course Catalog

PM Talk with Dr. Ken Smith: Realistic Time Estimating - A Critical Problem & a Solution

Description

Realistic time estimating and scheduling is particularly critical for both: Contractors with Firm Fixed Price (FFP) contracts, as well as Clients/Donors awarding Cost Plus Fixed or Incentive Fee (CPFF & CPIF) -type contracts. However, at a recent Project Management Institute Chapter meeting I attended in Manila, member-participants identified their major concern as the difficulty of developing realistic time estimates.  Experienced project managers unanimously acknowledged that -- for one, or more, reasons -- schedules were typically over-optimistic.  However even those using the standard “PERT” three-time method to estimate activity & project duration said that in practice both the “Most Likely” and the subsequently-calculated “Expected” times were usually over-optimistic & unrealistic! So what can you do to increase your chances for success?  Dr. Ken Smith has developed a ‘Work-Around’ Solution to resolve this issue which he will be presenting in this session.

Visit Course Website
 PMPCAPMPgMPPfMPPMI-PBAPMI-RMPPMI-SP
Ways of Working1.001.001.001.001.001.001.00
TM
Power Skills0.000.000.000.000.000.000.00
TM
Business Acumen0.000.000.000.000.000.000.00
TM
Totals1.001.001.001.001.001.001.00
TM
0 Reviews

1.00 PDU

PDUs
Delivery Method

On-Demand
Live Streaming

PDUs
Start Date

04-Apr-2019

PDUs
Locations

Contact provider

PDUs
Languages

English