Estimating a project’s budget involves a number of variable including the project size and scope. At times a project may simply last a few days or weeks, or, other times, they can extend for years. Using available resources can greatly aide in the process of developing and estimating an accurate budget. Below are two resources that can be useful in preparing a project budget.
The Project Management Guru website describes several estimating techniques and procedures. Additionally, a number of analysis techniques are defined, providing useful information for gauging the most appropriate method for estimating a project’s cost. Most helpful is simply the wide range of techniques used for estimating along with simple scenarios in which the method is most appropriate.
The chron.com website is a site related to small business activities. Within the site is a number of useful articles related to project management. The related article contains a variety of techniques useful for estimating project times and cost. The article suggests common sense approaches and offers simple examples to illustrate the techniques. Perhaps the most beneficial aspect of the site is the number of related articles linked immediately atop the article. Here you will find additional techniques for effective project estimating.