How to Estimate Project Time and Cost | TeamGantt

In this video tutorial, we’ll show you how to estimate projects in 7 simple steps. See best practices for estimating project budget, duration, and effort, and find out why cost estimation is important in project management. Read more in our free guide: teamgan.tt/32tv9pZ
0:00:00 - Intro
00:00:59 - Step 1: Know your team’s expertise and job responsibilities
00:02:27 - Step 2: Understand how your company's project management process works
00:03:32 - Step 3: Study project estimation techniques and trends
00:05:26 - Step 4: Use historical data to create better project estimates
00:06:20 - Step 5: Ask detailed project questions to improve cost estimation
00:07:55 - Step 6: Break your project down into smaller parts for estimating accuracy
00:08:31 - Step 7: Assign hourly estimates to tasks and people in TeamGantt
Every business has a budget and wants to know if a project is worth the costs before they invest in it.
A project estimate gives you and your stakeholders a general idea of how much time, effort, and money it’ll take to get the job done. That makes it easier to build a feasible project budget and plan so you can set your team and organization up for success.
Get ready to learn a whole new set of project estimation techniques because you’re about to become the best project estimator in the business.
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Don't forget to check out our website where you’ll not only find our project management software, but tons of project management education. We offer free weekly live classes, on-demand master classes, templates, guides, a blog, a podcast...and more.
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[@Sukh-preet_Kaur.]

This is a really good advice that instead of reading books we should meet people who are already in business.

[@vijayas8007]

Concised and well explained

[@petertiagunov5666]

Nicely done!

[@mikephiri391]

very helpful... Thanks lot

[@Jessyco]

Is there an advantage when estimating a project for a PM to only include the senior/leads rather than the whole team?