Page 25 - Effective Time Management Strategies

Effective Time Management Strategies

Chapter 2 Time Estimation

Engineers and construction estimators spend
countless hours using complicated mathematical
equations to estimate
the time for completion of billion dollar projects.
Although missing deadlines can sometimes cost
millions of dollars per day, these projects
repeatedly run over budget due to miscalculations.
If these experts who are paid to estimate project
time often fall short, how can a business manager
ever hope to estimate project time?

In order to schedule appointments, projects,
processes, tasks, and meetings, you need some
time estimating skills.

Experience
How long did this same task take the last time?
What is the difference between now and the last
time this task or project was performed? Have
personnel, processes, logistics, or technology
change?

Reference
How many references can you collect?

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