Project managers are asked to provide effort, duration, and cost estimates as a primary part of our jobs. You know then, that the estimation process is partly an art and partly a science. However, ...

Two key features of a project are on-time and on-budget delivery. The project manager can only fulfill these objectives if the estimates leading to the project schedule and budget are accurate.

The purpose of the estimate is two-fold. First, it allows the contractor to enter into a contractual agreement with confidence. Second, it provides an organized, detailed plan to execute the project ...

One of the first tasks when managing a project is the cost estimate. A cost estimate must be accurate, transparent and reliable. These factors are particularly important for a small business because ...

n the traditional contractor model, a project was bid, awarded, and then thrown over the wall for the tradesmen to handle, according to “Optimized Operational Model for Maximizing Electrical ...

Julia is a writer in New York and started covering tech and business during the pandemic. She also covers books and the publishing industry. Cassie is a former deputy editor who collaborated with ...

Julia Hawley is a full-time writer focusing on investing. She combines her writing skills with her experience in personal wealth management. Katie Miller is a consumer financial services expert. She ...

Mikeie Reiland is a staff writer for Education at Forbes Advisor. Before coming to Forbes Advisor, he wrote magazine journalism for publications like the Oxford American, Bitter Southerner, and Gravy.