Accurate project estimating is the foundation of any successful project. The consequences of wrong estimates can be disastrous, leading to project delays, failed deadlines, and budget overruns. To avoid wrong estimates, it is important to consider all the factors that can influence the project’s outcomes.
In this Milestone, we’ll look at the three Project Estimating Life Cycle Stages. By following these steps, project managers can ensure that their estimates are accurate and that their projects are set up for success.