Estimating project costs: No laughing matter?
There are various tools out there to help you to develop cost estimates for your project’s resources and tasks. However, obtaining realistic cost estimates, is not always easy. There are many factors that directly influence the cost estimate method you select: project scope, accuracy level, and organizational elements. Only when you understand the resources, that you can apply to your project, can you then actually begin to create your project’s cost estimate.
Unfortunately, even if all of these above criteria are met – projects can still fall apart at the seams. That’s just the way the project management cookie crumbles. Clearly estimating project costs is no laughing matter…or maybe it is? So instead of sitting at your desk stressing about cost estimates, kick your feet up (just for a few seconds) read this Dilbert cartoon, by Scott Adams: