Thursday, October 3, 2013

Estimating Budget and Activity Durations for PM's



I must admit that I am a novice at best when it comes to anything having to do with project management, so I often feel out of my element when trying to do certain things such as estimating budgets and time spent on activities for a certain project. Thankfully the Internet exists and there are a lot of different resources out there. Here are a few that I found that helped me wrap my head around the idea of budgeting time and money.

The first is the program Project in Microsoft Office, who knew? Not me! Check out this website:
Project uses a scheduling engine that will align the projects and tasks with the available resources, but as with any kind of program you have to understand how it works. This is a great website full of different articles that explain how Microsoft Office Project works. It touches on how you schedule a project, how the start date affects the schedule, the default settings, constraints, deadlines, calendars, resources assignments, and any other information that can help analyze the progress. If you are like me, it will overwhelm you at first, but having a program that can help you do the thinking is awesome. 

I then stumbled across the Bright Hub PM website and a page of glorious Excel templates. Again, major novice over here so ANYTHING that is already set up for me is going to make my life so much easier. You can click the link on the page to download project budget templates. It also goes on to say that by using a template you will be less likely to forget about different important items that should be included and not to mention the calculations are already set up for you. There are three different templates to choose from that range from personal to business. If you are as excited as I am by this check it out here:

Resources:
How Scheduling works in Project (2013). Retrieved from http://office.microsoft.com/en-us/project-help/how-scheduling-works-in-project-HA010213027.aspx

Levine, R. (2010). Use our excel project template to simplify your life. Retrieved from http://www.brighthub.com/office/project-management/articles/75727.aspx

2 comments:

  1. Great resources Stephanie! I am a novice for sure so I love anything with "simplify your life" in the title. I like the variety of templates of Bright Hub PM, as well as the depth of the explanations on the Office page. Very helpful. -Loren

    ReplyDelete
  2. Microsoft Project is what we utilize at my office. I learned this week that there is a portion of the program that once you assign who your resources are and to which tasks and your dates, you can actually get a visual to see if you over-allocated one resource and need more assistance in a given area. Our DBA says on any project he uses this to ensure that no one resource is stretched too thin at any given point in the project. Thanks for sharing

    ReplyDelete