To have a chance of being successful as a project manager, you need to be able to negotiate sensible budgets and achievable deadlines. Without it, you won't know how long your project will take, and you won't be able to get commitment from the people who need to sign it off.Įven more importantly for your career, sponsors often judge whether a project has succeeded or failed depending on whether it has been delivered on time and on budget. Why Estimate Time Accurately?Īccurate time estimation is a crucial skill in project management. In this article, we explore some of the methods that you can use for making good time estimates. This is why it's important to estimate time accurately if your project is to be successful. Clearly, this will likely have serious negative consequences further down the line. #HOW TO CALCULATE PROJECT ACTUAL COMPLETION PERCENTAGE FULL#People often underestimate the amount of time needed to implement projects, particularly when they're not familiar with the work that needs to be done.įor instance, they may not take into account unexpected events or urgent, high-priority work and they may fail to allow for the full complexity of the job. Chances are, too, that this happened because someone underestimated the amount of work needed to complete the project. Have you ever been on a project where the deadline was way too tight?Ĭhances are that tempers were frayed, sponsors were unhappy, and team members were working ridiculous hours.
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