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Project Estimator

Project Estimator

 

Description

PROJECT ESTIMATOR is a tool used for estimating at the early stages of any IT Software Development project. The tool is a manifestation of techniques that have been used on a large number of successful projects over the years with surprising accuracy.

Project estimating is extremely difficult and inaccurate at the early, or notional stages of any project. Not surprisingly however, estimating becomes progressively more accurate further into the project which is of little help if you are trying to justify and secure approval for capital expenditure for the project. Function based estimating at such an early stage requires the minimal amount of information about the key factors of any project and it doesn’t require the scope to be baselined.

PROJECT ESTIMATOR can help by estimating the amount of man-days required to complete each stage of the project. These figures, together with an average man-day rate, an estimated project cost can be reached. Also, a very early resource plan can be developed to establish a milestone plan and determine the elapsed days required for project completion. The figures can also be used to populate an early project plan with milestones and the basis for a Work Breakdown Structure (WBS). In addition they can be also used for the high level products in a Product Breakdown Structure (PBS). The tool can be used over and over again with slight variations to help arrive at an agreeable estimate.

PROJECT ESTIMATOR complies with a Waterfall Model approach to the Systems Development Lifecycle where it follows a sequential process from concept (Business Analysis and Logical Design), through Physical Design and System Build, Testing and Operational Implementation. Each stage of development proceeds in strict order, without any overlapping or iterative steps.

PROJECT ESTIMATOR can be used by Programme and Project Managers for early estimation of projects at the CAPEX (Capital Expenditure) submission or application stage, Investment Appraisal and Business Case Stage and the Project Brief and Project Initiation stage before the Project Plan is base lined (after which more detailed estimation breakdowns are required). The tool can also be used in a Change/Configuration Management situation where a change in scope is significant. Senior Management and Sponsors will also find the tool useful to obtain a ‘heads up’ on IT enabling business notions and business change.

PROJECT ESTIMATOR is a complementary tool which will appeal to every decision maker at every level involved in IT Systems Development projects. It will add value to the decision making process and provide a firm footing for further, more detailed estimating and project planning. It can also be used mid-project to re-estimate high level projections.

Key Features:

- Methodology Independent.

- Easy and quick to use.

- Easy to replicate.

- Can be used at seminal, justification and mid stages of any Project.

- Can be used by anyone involved in the Project from Sponsors, Senior Stakeholders and Line Managers, Programme and Project Managers, Project Accountants, Business Analysts and Development Staff.

- Can be used anywhere.

- Does not need a separate computer or communications.

iPhone Screenshots

Project Estimator iPhone Screenshot 1

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The information may be outdated (2011-04-14 16:04:52). For actual information go to iTunes

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