3. Estimate times and costs for each task.
Based on experience, records of previous projects, and your teamAllow for optimists and pessimists in your team – apply your own judgment
Consider the maximum it might take/cost and the minimumDon’t promise the average to your customer – you will have a 50% failure rate!
Add up the averages and then add in some contingencyGet contingency in time, cost, and perhaps even specification
It is probably not a good idea to tell the customer about the contingencyIf necessary spread the contingency in small amounts across all of the tasks so that it is not easily seen or removed
The First Book of Management |
Training courses in other subjects |
Time Management training |
Delegate More! Getting rid of monkeys
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