Published: June, 2022
Project management is the process of leading the work of a team to achieve all project goals within the given constraints. It involves the planning and organization of a company's resources to move a specific task, event, or duty towards completion. It can involve a one-time project or an ongoing activity, and resources managed include personnel, finances, technology, and intellectual property.
A major challenge when planning and managing a project is project estimating.
Project estimation is the process of analyzing available data to predict the time, cost, and resources needed to complete a project. Estimating is an inseparable part of project management services which have a financial component.
Project estimation techniques help project managers accurately estimate essential elements, such as cost and scope, within their projects. These techniques can be used to properly plan for resource allocation. These estimation techniques provide better forecasts to clients and more accurately budget the funds and resources they need for project success.
In this online CPE webinar, speaker Raymond Sheen will discuss different estimating techniques along with their advantages and disadvantages. In addition, project constraints that impact estimating accuracy will be identified.
Many of the project activities are unique or at least significantly different than what has been done on previous projects. In addition, project team members have different skillsets and experiences to draw upon. These all contribute to an aspect of project management that is seldom accurate.
This online CE/CPE webinar will also include examples illustrating the challenges and best practices.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
, Product and Process Innovation, Inc.
Raymond Sheen, PMP® LSS BB, is president and founder of Product & Process Innovation, Inc. He is a veteran business leader with over 35 years of executive, functional, and project management experience working in GE, the US Air Force and as an independent consultant. Ray is author of the book, Guide to Building Your Business Case, published by Harvard Business Review Press and a contributor to the book, Guide to Project Management, also published by Harvard Business Review Press. Ray teaches process improvement, digital transformation, project management, product development and strategy development topics through Worcester Polytechnic Institute in Massachusetts.
Ray received his B.S. in Mechanical Engineering from the United States Air Force Academy and his M.S. in Astronautical Engineering from the Massachusetts Institute of Technology. He has recently completed a graduate certificate in Digital Leadership and Strategy from Boston University. He also attended numerous business management and executive management training programs while at GE. Ray is a Fellow at the Institute for Digital Transformation and a member of the Project Management Institute (PMI and the Institute of Electrical and Electronic Engineers (IEEE).
The focus of Ray’s work has been the management and deployment of technology in various industries and business functions including finance, engineering, marketing, manufacturing, service, and IT. Ray has completed projects, managed teams and delivered training and consulting on three continents and 15 countries.
Product and Process Innovation, Inc. (PPI) is a technology deployment training and consulting firm. Established in 1996, PPI has provided services to clients on three continents and 15 countries. PPI works closely with each client to provide a customized service. Frequently the training and consulting are combined to create action learning programs where the students immediately apply the lessons learned into actual projects in the organization. PPI has worked with industrial clients, commercial clients, government clients and non-profit clients. While there has always been an emphasis on effective project management, the nature of the projects has changed over time. The company now has focus areas in product development of high-tech products, process improvement in manufacturing and service business lines, organizational digital transformation, and leadership at all levels.