Day: August 22, 2011

For most projects, the highest costs will be connected to the team members. When you consider this, the wisest manner in which cost estimates should be made will be through the creation of a project schedule (via a program such as Microsoft Project), which has resource management functions that give you the ability to measure the different types and amounts of labor. When cost estimates are made for projects, they are usually accomplished through the sum of estimates for the separate elements which make up the project. The pieces could… Read More