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Project management

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  • Project management

How to make your project estimates more accurate

Greg Krehbiel9 months ago03 mins

Summary: Three steps to make better estimates: (1) break down complicated tasks into components; (2) compare tasks with prior experience; (3) make three estimates — pessimistic, realistic, and optimistic. We’re all bad at estimating the time, cost, and risks associated with a task, and we usually overestimate the benefits. The problem increases with the complexity…

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