What are your tips, tricks or best practices for creating project estimates? We’re often asked to provide costs when we know very little, so how do you estimate?

like
Posting as :
works at
You are currently posting as works at

Depending on how little you know and how detailed they’re asking for, I either provide a range (when they want a “ballpark”) or a more tidied up one with a LOT of documented assumptions (for when they’re asking for a firmer number).

Either way it’s CYA and wait for the questions to roll in. 🙃

like

Read about relative estimation. If you have historical hours for vaious deliberables you should have some good points of reference.

Think about the drivers of effort - especially softer aspects, not only production value - quality of brief, quality of brand guidelines, rounds of review (internal and external), image research & licensing costs.

As an aside - ever spend more time (which = $) searching for royalty free art than it would have cost to just pay a license fee?

All of these, and make sure to communicate all the assumptions you are making to get to the number/range you are providing, so that when the project plan inevitably changes, it's not a surprise to anyone that the cost also changes.

Related Posts

Hi guys! I could use some help here, feeling a little discouraged. I started working for EY through a contractor and im hoping to move to EY to a different line that I could expand my current skillset. Although I don't hold a degree, I recently completed a certificate with Google in Project Management. I was hoping to move to something in Communications, EA or even Advisory but I haven't had any luck. and advice? Also looking into the EY Employee Referral scheme? or would that even be worth it?

like

Hello Fishes,

Looking for referral
Goldman Sachs Microsoft Northern Trust Wells Fargo

1. I have 11 years of experience in Operations & Project Management.
2. Have implemented innovative and digital transformation projects such as ERP and IT Simulator.
3. Carried out process improvement and Cost-Benefit Analysis.
4. Engineer with MBA degree.
5. Certifications are :

Certified Project Manager (PMP)
Certified Scrum Master (CSM)
Lean Six Sigma Green Belt (LSSGB)

Looking for managerial roles.

like

In process of joining Accenture S&C at MD level - and hoping to get some insight in MD rates. Guessing MD client rates are around 10-15k pd comparable with MBB and other boutique strategy firms? also is a junior equity partner at MBB/boutique strategy comparable with L3 or L4 at Accenture Strategy? Appreciate any thoughts or insights to frame my expectations. Thanks!!

like

Any advice on shifting towards the manager role? I’m finding it hard to maintain focus and energy with IM questions (interruptions) from the team and others and with reviewing / driving progress on the parts of my project scope that I enjoy doing less myself to begin with ?

like

How to keep from having to be everyone’s babysitter and/or administrative biotch? 🙃 Wishing we had more accountability and resourcefulness in our company culture. Can anyone relate?

like

What is the easiest way to change a project in CTS?
Been in a project for 2 months now. Not much learning. Want to move to a better project.
Suggestions would be greatly appreciated.

like

Requirement for an ETL tester , urgently in Accenture in banking project
Experience 5+
Please ping me if you are available to join urgently

like

Anyone with IT project management experience in wealth management/financial services industry, please reach out. At least 3-4+ years of experience

like

So stuck. What do I do? I joined this firm a year ago (4 yrs exp total) to grow/get more court/client exposure. Then 2 more-experienced associates were hired, pandemic, & all cases are divided between the other 2. I have no defined tasks except deficiency letters or the odd pro bono case. Boss claims it's mentoring. I still need to meet bill req.

Last wk Boss said I'll do more & my work was good, but today said I can't 2nd chair bc I don't have experience. I'm doing less now than my prior firm.

like

How is Viacom account in terms of good project and learning opportunities?
Tech stack : Java, Spring Boot, Microservice, Cloud

like
like

My career counselor has seemed kind of cold towards me lately and I’m not sure why. Previously, she’s been someone I could count on to sponsor me, but she seems eager to get off our check in calls and hasn’t advocated for me in the ways I would’ve expected. For example, I went outside of our account for a stretch role and had walked through the logic of that decision (the role is on a high visibility project that could lead to more work, it’s a role meant for someone two career levels above mine

like

Hi everyone,

I am currently looking forward any remote job related to project/program management.
Do you know some?

PD: I'm not based in USA.

like

I am a Medical Technologist with a degree in BS Medical Technology. I want to change my career to Business Analyst or Project Manager. I do not want to get another degree. Will coursera courses suffice? Any other tips?

like

Crisis Management in Project Management

Post Photo
likefunny

LTI VS WIPRO WHICH ONE IS BETTER.
BOTH ARE OFFERING SAME PAY
WIPRO I KNOW THE PROJECT BUT IN LTI PROJECT SPECIFIC DETAILS NOT YET SHARED

like

What will be the case if client doesn't like my performance.

Will they release me from there project before contract ends or any action in terms of termination from job will be taken by client or Nagarro.

Just wanted to know, has anyone went through this kind of situation???

like

Recent graduate with Bachelors of Health Science in Workplace Health and Wellness. Currently working in a Healthcare job but as a client service coordinator. Really would like to get a job in my field. If anyone has suggestions/recommendations please share. Within GTA would be great if not, remote anywhere works.

I was on bench for almost 4months after clearing the training. I was reskilling myself in MERN during that time. Now I have been put in a project where all I do is solve issues of the client's customers. This is not something which I prefer to do. I raised the issue but to no avail.
What should I do to pave my career path? I don't even have experience in relevant field for switch.
Pls help this junior.

like

More Posts

Any body working for Bank of America , Salesforce, Amazon India , Ivanti , I need a referral for open positions there? I am actively seeking Automation Qa opportunities for Hyderabad location with 8.5 years of experience, into product based companies.

like

Which company's internal work culture is flexible and convenient?? IBM or Infosys?? Which one should be joined??

like

Any ideas on how to create a non time consuming performance review process? Usually, it seems like a homework or extra tasks for managers (specially when they have a lot of direct reports) between 1:1's, forms fillings, calibration sessions, etc.

like

Brand new bowl - join even if it looks unexciting and the content will take care of itself over time!

like

Hi Fishes,

I am currently working as an Analyst in HCL Technologies BSERV which is considered as a BPO. I received a promotion to a new job post Sr. Associate-WPC. Is this new position also a part of BPO or does it come under IT or Technical Department? Also currently there is no hike being provided even though the band has changed from 0.3 to 1.1, can I expect a hike once the yearly cycle is completed?

like

When you get stuck on a design or when you are starting a big project, what are your creative processes? Do you look at colors? inspiration? Pen and paper? Illustrate something? Want to work with my designer on a toolbox of steps to pick from to find what works best for their individual creative process? I know my creative process is look at inspiration, pen and paper, then start designing, but I don’t want to assume that’s theirs too.

like

Is there a “The logic of subchapter K” equivalent book for c-corporations?

like

Where to fill 10+2 education detail in TCS iBegin portal. It has High school tab where it is taking 10th class detail. And other tab is Higher Secondary where i tried to fill detail like start and end year but it is giving error "Maximum difference between start and end date can be 14 month". Any idea.

like

please help me how to apply performance test engineer jobs in nagarro please let me know

like

Best SPG/ Marriott in LA?

like

What is min and Max salary package and perks a Microsoft azure technical consultant with 11 years of experience can get in Mumbai?

like

Uncle scar, you're so weird

Post Photo
likefunnysmarthelpful

Fam, are you guys mixing vaccines? The track record for “take the first one available!!” isn’t the greatest

like

Any recs on a good office chair for the back? Looking to spend <$350

like

For those that want to chat or meet up. We had a few meetups recently.

Bowl invite code: belcp

like

This is the truth!!!

Post Photo
likefunnysmart

Hello all. Thinking of switching from IT to VLSI after 4 yoe. Any suggestions?

Hi fishes,
I'm a Java developer with 6.5 years of experience. I am interested in both backend and full stack positions.
Experienced with Java, javascript, MySQL, Spring boot, jQuery, REST services.
Currently looking for change and need help with references. My current CTC is 19L and 2 months notice period.

Thanks for the opportunities.

like

Please suggest (in terms of Job security, WLB, Projects availability, etc.)

-
Wipro kolkata Or IBM kolkata.

IBM offered 22 LPA Wipro offered 23.5 LPA.

YoE - 10 years
Tech - Oracle apps technical. Tata Consultancy IBM Wipro Accenture

like

Came across a duplex for 475k in SoCal. Up and coming area that’s getting gentrified fairy fast. Looking to rent out the front for 2k and and splitting the back with a housemate for 1k. Cont below.

like

Additional Posts in Project Management - Advertising

What’s the best way to get in touch with producers to get commercial photo jobs? Is there a specific “type of pitch” strategy that works best?

like

Curious to know on average how many projects other PMs are managing at one time? I just counted my projects today and I’m currently on 17 and drowning. Is it like this everywhere? 😵‍💫😫

like

What is the biggest thing PMs want to build in their teams?

like

How to keep from having to be everyone’s babysitter and/or administrative biotch? 🙃 Wishing we had more accountability and resourcefulness in our company culture. Can anyone relate?

like

Hey Kanban fans -

Trello? Jira? Other? Why?

I've gotten a lot of mileage out of Trello. Can go shallow or deep. Can't beat it for ease of use, robust free features, lot's of options from them/3Ps on the paid side. I haven't had a lot of success on data/tracking / reporting sides.

like

Anyone work at Home Depot as an associate project manager? How’s the work environment? Benefits? What you love vs dislike?

like

Anyone from CT know if any senior level PM openings?

McKinsey & Company Bain & Company Hiiii! I’ve been at my job for a year and a couple of months now & I’ve gotten rather bored because the work is repetitive, not challenging, and hasn’t really allowed me to learn or grow as much as I would’ve liked to. Given how I’m still paying a ton of money for my postgrad in Business Comms (that I haven’t really gotten the chance to use), I’ve been thinking of entering the world of consulting. Any word of advice? PwC McKinsey & Company Bain & Company Boston Consulting Group KPMG

like

Google Certification for Project Management or PMI? Any opinions or thoughts?

Looking to get more formal training in project management.

like

Is there a tool I can use to record and transcribe meeting/calls (google meet, zoom, teams)?

like

I’m an AE that wants to make the switch over to PM. But I also want to leave the agency life some point soon. Anyone have any advice? I’m also not sure how different PM responsibilities are in house vs. an agency

like

Hi All!
Any recommendations on practice tests, chapter reviews for the PM cert?
Thanks in advance!

likehelpful

How has PMing bled into your personal life? I feel like I'm turning into one of those freaks who organizes his life via spreadsheet

likefunny

Are there conferences that showcase new software that agencies might be interested in for things like project management, creative development, etc? Or any resources that aggregate and review what’s out there?

like

Hi All! Looking to tap into Scrum. I’m certified who’s hiring ? Let’s connect and have a conversation.

like

Has anyone worked at Wolverine WorldWide? I have an interview and am curious what their culture is actually like, work/life balance, etc.

like

What does your workload look like and or how many projects are you managing at any given time? Just wondering, as I have been interviewing and companies seem alarmed at how much work I am managing

Hi Project Managers. I'm starting to build a SaaS product and as a non-technical founder, I'm having issues with how to get started so I wanted to see if you have any advice when it comes to managing the project and how to get started. I'm going to be recruiting a couple of programmers and a technical founder really soon so if you guys have advice with that as well I would really appreciate it.

Post Photo
like

I am an AE moving to a PM role at my agency.

Since I will have the PM title, what is the roadmap for moving to FAANG (or similar) or SaaS digital end to end dev/implementation companies as a Technical PM/Senior PM/Program Manager?

I have 5 YOE in Account Management, 2+ of which are in heavy digital working with Dev, Digital PMs, and client tech/implementation teams.

I also have had some direct experience in PM and will be building those specific skills in my new role.

like

I was working for ad agency here in Minneapolis and they reached out to me on LinkedIn without a job description saying that they wanted a seasoned digital project manager which I am. I accepted the offer and started working for this agency and now 6 months in they are asking me also do Wireframes and Content planning together with a project manager role as their team is super small and they do not have dedicated ux/ui and seo members in place.I said that is not my part of the job and parted.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal