topic: Cost Estimating & Control

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Project Controls and Governance, by way of Thucydides, plague, and Really Bad Choices

Drawing lessons from the Peloponnesian War, this presentation argues that abandoning a successful strategy for risky, ambitious ventures leads to failure. It uses historical analogy to critique project governance that deviates from sound plans, emphasizing that when cost and time are fixed, only capability is variable.

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Cost Assurance Masterclass Part 2

This masterclass provides a comprehensive guide to cost assurance, moving beyond simple point estimates. It details a robust process for developing and evaluating probabilistic cost estimates, emphasizing the critical link between technical baselines, schedule, risk, and uncertainty. Learn best practices for data validation and creating credible, defensible estimates.

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Cost Assurance Masterclass

This presentation offers a comprehensive guide to cost assurance, highlighting the necessity of accurate cost and schedule estimates for successful project outcomes. It explores various estimating methods, the end-to-end cost estimating process, and the significance of data, assumptions, and risk analysis, providing essential knowledge for project managers at all levels.

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How Standardization Enables Innovation

In a culture that demands rapid results and innovative thinking, standardised processes can seem like a delaying relic of the past. However, much like construction, although admiration always goes to what is visible to the eye – none of the seen would be possible without a strong foundation. By implementing

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Storytelling for Project Estimators

This presentation by Christina Snyder emphasizes the importance of storytelling for project estimators to effectively communicate their findings and inspire action. It argues that data and analysis are meaningless unless presented in a compelling narrative. By combining data, visuals, and storytelling techniques, project managers can better engage their audience and

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How to Measure the Unmeasurable?

Many organisations measure their maturity – of People, Projects, Processes, and Systems – using quantitative metrics, or KPIs as they are often called. The issue, however, is that metrics relying on human judgments are subject to cognitive biases. A well-designed metric should include an unambiguous statement as to what is

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Storytelling for Cost Estimators.

As estimators, we advocate the importance of good data; but without context, estimates and analyses are just numbers. To give power to our work, we need to effectively pair good estimating with good communication. There is no existing best practice guidance for estimators on how to create a compelling narrative

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Estimation – creating the balance between precision and uncertainty.

Estimates need to be viewed from two sides, the requestor, and the creator. All too often there are misunderstandings or mismatched expectations between the two sides, resulting in estimates that do not meet the intended purpose. Building an understanding of how estimating works enables more constructive conversations between the two

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Blackbox & Whitebox Estimating Techniques – Tips, Tricks & Pitfalls

During the Capability Life Cycle (CLC) we estimate using a mix of black-box and white-box techniques. The mix and balance of white-box/black-box technique is dependent on the knowns, unknowns, CLC phase and purpose of the estimate. On one side of the spectrum, the ultimate estimate utilises a complete white-box technique

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Standardisation and informed insights through effective collaboration.

An estimate will always vary due to its subjectivity and the variability of future outcomes. We are often distracted by attempting to wield variables outside of our control and it's about time to accept these limitations and focus on the ones we do have some measure of influence. Whilst high

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