A well-researched and planned cost estimation and budget is necessary for the successful completion of any project. Project managers need to thoroughly scope the project in order to secure sufficient ...

CAMBRIDGE, Mass.--Consider the following scenario: A project manager at a major aerospace company is about to bid on the development of a new air fighter for the U.S. Air Force. The bid must bring the ...

Historical data can help develop surrogate cost estimates for pipeline construction, potentially replacing a more costly full engineering study. A complete engineering package likely provides the best ...

When it comes to software development, the first question that comes to mind is: how much will it cost? Unfortunately, there is no precise answer to this question, as each software project is a unique ...

Value stream management involves people in the organization to examine workflows and other processes to ensure they are deriving the maximum value from their efforts while eliminating waste — of ...

If you’ve managed a project before, you’ll know that keeping costs down is one of the biggest challenges during a standard project management life cycle. If your costs overrun, it can easily lead to ...