Top 10 Tips for Accurately Estimating Your New Project

There is a long process that leads to cost estimation.

When answering these questions, there are few things we need to understand: how to calculate software development cost?

Estimation is important because it helps not only have a knowledge of the budget needed but also have an idea of the time needed to complete the project.

Hour: 60 minutes of continuous work.

A thorough understanding of dependencies and anticipation for resources needed are ingredients of a good planning.

Another approach consists of doing the estimation based on similar projects, the actual man-hours needed to complete them and adapt to the context of the software project to estimate.

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Project management isn’t just about making projects happen, but making them happen smoothly and efficiently.

There are many moving parts to any project, and the PM has to help every stakeholder see how they all work together, how the timeline must flow, and be the organizational brain behind it all.

That requires skill and know-how, but it also necessitates having methods that work best with various projects types and timespans.

The best PMs have a full complement of tools and techniques (regardless of industry) that they know well and can bring into play as the project determines fit.

These techniques don’t eliminate the need for project management software but may work alongside and in many cases enhance use of the software available.

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Evernote Business is a cloud-based tool, which project managers can convert into whatever they need it to be – a document repository, knowledge base, project management tool, or a digital home base for their team.

It basically consolidates information, which is spread out across multiple platforms and departments and makes it simple for managers to find and view.

Evernote Business supports multiple devices including laptops, smartphones, and tablets, which helps your team members across departments to stay in sync and share the project progress.

Conveniently, it supports several types of conference calls: video and voice conferences, web conferencing, conferences with instant messaging, and conference with telephone connections.

More so, with Skype for Business, you can share desktop screens, collaborate on documents, and access files and desktop applications with other conference participants.

The solution also provides tools for scheduling, planning, and forecasting.

The target audiences of this article are team/project leads and project/program/delivery managers.

For example, “MS Project” shows you critical path/s in a project by a RED colored duration, while other project management tools might show it differently.

But as a vigilant project manager, it’s your job to take note of critical path/s in your project to monitor and manage the same.

• Create a list of all tasks/subtasks with WBS technique along with deliverable milestones in a project.

• Take note of tasks of lengthier duration as compare to rest of tasks to identify what all tasks are of longer duration.

There are some components and formulas as described below, which can also help you to identify a critical path under this analysis.

Indeed, to become a successful project management professional, you have to initiate, embrace and innovate on change!

Of course, you should also have the following personal traits to become a successful project manager.

You are the person who must take command responsibility for the team (i.e., the buck stops with you) for its failures yet also be the person who will give credit where it is due, even take less of the credit for the team’s success.

As a project manager, your leadership of a certain project may be temporary – a project is, after all, a temporary endeavour for the creation of a unique product or service – but the changes made by the project may well be long lasting in nature.

Trust is the foundation upon which a successful project manager builds his team and then leads, encourages and inspires his team members, even his colleagues in the industry.

Furthermore, professional competence includes both the personal qualities and the technical abilities of the project manager.

Oftentimes, project teams are made up of a mess of goals, deadlines, and emotions, but only well-structured teams can turn this into a force that drives your software product and makes it stronger. 

As a software development company, forming project teams for our client ideas is a core part of MindK’s DNA. Every new project has its special nature, so we try to adapt our teams for each of them.

We consider people to be the greatest asset in every software development project.  Clear-cut project team roles and responsibilities help the project to move forward and multiply chances of success for the client’s business.

In this article, we reveal our approach to setting up the project team roles and responsibilities in Agile software development process.

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BIM, as a 3D model-based process, has proved its worth by helping architecture, estimators, designers, project managers, and subcontractors, engineering and construction (AEC) professionals’ to efficiently plan, design, construct and manage buildings and structures.

Let’s comprehend BIM modeling and benefits of BIM in building construction projects due to increase effectiveness and successful development for every stage of the any building construction project lifecycle and outside.

Origin Resouce: 

http://truecadd.strikingly.com/blog/benefits-of-bim-modeling-to-building-construction-project