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Project Management Orientation

Items to Include in an Estimate 

An estimate should include all of the following items:

An estimate must include all of the items in the previous list.  If you are asked to lower your estimate because the price is too high, what are your options?  To lower the price, you can reduce the scope, reduce risk and associated contingency, or possibly reduce resource at the expense of schedule.  Or, management can decide to lower the profit margin.
  
An estimate is just that--an estimate.  The only perfect estimate is the one done after the work is completed.
  
The degree of accuracy of an estimate depends on the phase of the development cycle that you are in.  In the concept phase, the estimate has a lower degree of accuracy than in the planning phase.

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1: Getting Started
2: Define the Project Team
3: Team Management
4: Identify and Validate Requirements
5: Create Decomposition Structures
6: Risk Management
7: Project Estimates
8: Project Schedules
9: Change Management
10: Project Control and Execution
Defining the Project
11: Project Management Review
12: Project Closeout
13: Project Management Tool Suite
14: Self-Assessment and Final Exam
Fast Points
Concepts
Seven Keys
Case Study
WWPMM
Mentor
Check Point
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