How to Improve Your Effort Estimation Skills

How to Improve Your Effort Estimation Skills

Effort estimation is a critical element in project success, but many projects fail due to underestimating the effort needed to deliver the work. The Program Evaluation and Review Technique (PERT) is a simple method for a more objective and realistic effort estimation. By using PERT, project managers can calculate a weighted average based on the most optimistic, most pessimistic, and most likely cases. Constantly monitoring and optimizing effort estimation through PERT and additional metrics like standard deviation can help improve project management skills and processes.

View

More Innovation Resources:

Rhino-vation: Tackle Sustainability Goals Head-On Through Innovation

Rhino-vation: Tackle Sustainability Goals Head-On Through Innovation

Create innovative ESG solutions for a stakeholder economy by setting focus areas and leveraging partnerships.

View

Empowering Teams by Fostering Critical Thinking Skills

Decentralized leadership requires critical thinking skills, but 60% of graduates lack these skills. Managers can bridge this gap by assessing their team's current performance, building their confidence through support, and teaching them how to discern quality information.

View

Innovation in Healthcare: Importance and Explosive Examples

Healthcare innovation is crucial for enhancing patient care, population health, and lowering healthcare expenses. Healthcare innovations include social innovation that seeks to address societal challenges and introduce new healthcare processes, healthcare procedures, commodities, products, strategies, and distribution channels.

View