Search found 132 matches

by satisfactionuk
Thu 04 Nov 2010 1:49 am
Forum: General Project Management
Topic: Three-Point Estimating - Useful or Not?
Replies: 10
Views: 25259

Re: Three-Point Estimating - Useful or Not?

CRITICAL CHAIN METHOD I was reading the book 'The Definitive Guide to Project Management by Nokes and Greenwood ISBN 0-273-66397-6 and came across this interesting methodology that I believe is worth your consideration. Creating a project buffer: First, Determine the task effort duration by asking ...
by satisfactionuk
Mon 25 Oct 2010 2:04 am
Forum: General Project Management
Topic: How to start a career in project management?
Replies: 11
Views: 52841

Re: How to start a career in project management?

Everyone is feeling the effects of the recession in relation to job markets and it doesn’t help that bosses are in just about the best position of choice since the mid sixties. The fact now is that you have to be able to sell yourself more than ever and your CV and cover letter has to be top notch d...
by satisfactionuk
Thu 21 Oct 2010 1:38 am
Forum: General Project Management
Topic: Three-Point Estimating - Useful or Not?
Replies: 10
Views: 25259

Re: Three-Point Estimating - Useful or Not?

IDF you certainly know how to sell a sausage lol, I guess a good estimate meets two criteria, 1) it comes in on time and cost and 2) the customer is happy. Seems you achieved both. I am still an advocate of scientific management when ever the data is available, however I am warming to your formula a...
by satisfactionuk
Mon 18 Oct 2010 12:04 pm
Forum: General Project Management
Topic: Three-Point Estimating - Useful or Not?
Replies: 10
Views: 25259

Re: Three-Point Estimating - Useful or Not?

Where other more reliable estimating methods are not available, estimates using the three point method could be enhanced by using MS @Risk for Projects or Crystal Ball whereby you enter any number of estimates that you have been given into say a triangular distribution and run say 1000 or more itera...
by satisfactionuk
Fri 15 Oct 2010 1:58 pm
Forum: General Project Management
Topic: Are There Too Many Aliens in Your Project Portfolio?
Replies: 1
Views: 6070

Re: Are There Too Many Aliens in Your Project Portfolio?

I can agree with the above for a portfolio of unrelated projects where one has the benefit of being able to pick and chose which project to do in whatever sequence. However, in the business world, portfolios generally have project events that have to logically follow one after another. In some cases...
by satisfactionuk
Fri 15 Oct 2010 2:15 am
Forum: General Project Management
Topic: Three-Point Estimating - Useful or Not?
Replies: 10
Views: 25259

Re: Three-Point Estimating - Useful or Not?

Wouldn’t it be better if the project manager just gave a true and realistic estimate and costing for his project and then addressed the risk in the place where it should be addressed i.e. in the contingency quotient? That way if it goes over budget or time but stays within his predetermined continge...
by satisfactionuk
Fri 08 Oct 2010 3:02 am
Forum: General Project Management
Topic: Three-Point Estimating - Useful or Not?
Replies: 10
Views: 25259

Re: Three-Point Estimating - Useful or Not?

A lot of industries have books of standard schedules of rates and times for costing purposes. Where this is not available there are numerous time and motion studies from practically every industry that one could access on the net. Failing this, one could conduct a sample time and motion study to asc...
by satisfactionuk
Mon 04 Oct 2010 1:34 am
Forum: General Project Management
Topic: How tight should your project be?
Replies: 0
Views: 5580

How tight should your project be?

Consider this useful insight: With today’s technology, an engineer can produce a hole and a spindle to go into it to within one-micron of tolerance. The only problem for the engineer is that it would be expensive to produce and to have produced it, it probably would not work as intended because the ...
by satisfactionuk
Sat 02 Oct 2010 9:10 pm
Forum: Business Book Reviews
Topic: Leadership and Inter Personal Skills Training & Books
Replies: 0
Views: 8319

Leadership and Inter Personal Skills Training & Books

Hi, Here are a few ‘quality’ training courses that trainee project managers may wish to consider. The Leadership Management Inc: The Dynamics Of Personal Leadership Dynamics Of Motivational Management Dynamics Of Supervision Executive Time Management Skills For Dealing With People Learning Internati...
by satisfactionuk
Tue 28 Sep 2010 4:59 pm
Forum: General Project Management
Topic: Defining the True Cost of a Project
Replies: 1
Views: 5055

Defining the True Cost of a Project

The fact that only around 37 percent of project are successful and come in on or under budget is a damning indictment that there are systematic faults in the way projects are handled in the initial stages. From what I have read, the company directors come up with a 'wouldn’t it be nice' idea for a p...