Estimating Time Accurately
Source: Mind Tools
Accurate time estimation is a skill essential to good project management. It is important to get time estimates right for two main reasons: Time estimates drive the setting of deadlines for delivery of projects, and hence peoples' assessments of your reliability; They often determine the pricing of contracts and hence their profitability. This paper discusses how to estimate time on small projects. Time estimates are important inputs into the other techniques used to organize and structure medium and large sized projects. Both of these techniques reduce large projects down into a set of small projects.