Comments on: How to Reexamine Your Project Estimates Without Any Major Changes to the Project? http://www.pmhut.com/how-to-reexamine-your-project-estimates-without-any-major-changes-to-the-project Wed, 23 May 2012 10:00:08 +0000 http://wordpress.org/?v=abc hourly 1 By: Graham http://www.pmhut.com/how-to-reexamine-your-project-estimates-without-any-major-changes-to-the-project/comment-page-1#comment-73731 Graham Sun, 29 Jan 2012 12:48:17 +0000 http://www.pmhut.com/?p=8586#comment-73731 Your tips on reducing cost are very useful, but be very careful with the first suggestion. Checking your estimates for accuracy is fine, but trying a different technique simply to get a lower estimate is dangerous. An estimate is all we have to work with and is our best attempt at predicting the future. When would you and your business rather know that a project would cost 60% more than budgeted for? At the start of a project or part way through? Of course, you want to know at the start, so bending your estimates to fit is denying everyone the ability to make decisions based on the best information available. Your tips on reducing cost are very useful, but be very careful with the first suggestion. Checking your estimates for accuracy is fine, but trying a different technique simply to get a lower estimate is dangerous. An estimate is all we have to work with and is our best attempt at predicting the future.

When would you and your business rather know that a project would cost 60% more than budgeted for? At the start of a project or part way through? Of course, you want to know at the start, so bending your estimates to fit is denying everyone the ability to make decisions based on the best information available.

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