Project Estimation Best Practices in a Multi-Project Matrix Environment







2 Days

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Seminar Description

Topics: Project Management/Business Analysis

Sub-Topics: Complexity, Resource Optimization Technique, Time Management/Scheduling

Resource estimation in a multiple-project, shared-resource matrix environment must be a collaborative effort between resource managers, project managers, and portfolio managers.  Most organizations rarely have these roles work together in the formation, application, tracking and correlation of resource and project estimates.  They also rarely collaborate in developing the tools to be used – and thus the tool suite is designed in a silo-based approach with a specific purpose in mind: portfolio management system, resource management system, project management lifecycle; and project schedules.  This workshop will discuss the knowledge which can and must be shared in order for estimation to become more accurate and for critical resources to be used more effectively.  

What You Will Learn

Upon completion of this course, participants will be able to:
  • Recognize the different types of estimates and estimating processes and use the variety of tools which can be used to determine and track estimates
  • State the definitions of precision, accuracy, assumptions, constraints, uncertainty and risk
  • Apply the use of a phased or gated project life cycle in the continual refinement of estimates 
  • Collaboratively share estimating information within the organization and continually update the resource and project forecasts
  • Know the distinction of the roles and responsibilities of Project Managers, Resource Managers, Portfolio Managers, and Project Team Members
  • Refine estimates based on tracking and communicating status, progress and forecasting

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PDU Allocation Table

The table below displays the number of professional development units (PDUs) awarded for each PMI® credential, as they align to the PMI Talent Triangle®. Leadership and Strategic PDUs apply evenly across all credentials and Technical PDUs apply only to specific credentials. PDUs will be added in full to all eligible credentials.

Download PMI Talent Triangle® Information

  • Technical
  • Leadership
  • Strategic
  • Total
  • PMP®/PgMP®
  • 11.00
  • 0.00
  • 3.00
  • 14.00
  • PMI-ACP®
  • 0.00
  • 0.00
  • 3.00
  • 3.00
  • PMI-SP®
  • 2.00
  • 0.00
  • 3.00
  • 5.00
  • PMI-RMP®
  • 2.00
  • 0.00
  • 3.00
  • 5.00
  • PfMP®
  • 2.00
  • 0.00
  • 3.00
  • 5.00
  • PMI-PBA®
  • 2.00
  • 0.00
  • 3.00
  • 5.00
  • Talent Triangle Blue
  • Talent Triangle Green
  • Talent Triangle Purple
  • Complete Talent Triangle

Locations Offered

SeminarsWorld® in Chicago

20 - 21 July 2020 Oak Brook Illinois, United States

Early Registration: 8 June 2020

Join our expert SeminarsWorld® instructors in Oak Brook, Illinois—which is located in the Chicago suburbs—to network and learn with your peers in small-group, topic-intensive seminars aligned with the PMI Talent Triangle® while you earn up to 28 PDUs and 2.8 Continuing Education Units. Register by 8 June for early bird rates, and through 29 June save on guest rooms at The Hyatt Lodge. Registration includes breakfast and lunch. SeminarsWorld runs from 8:00 a.m. &nda
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The Hyatt Lodge

Event Instructors

Instructor Bradley  Malone

Bradley Malone
Locations: Oak Brook

Bradley A. Malone, president of Twin Star Consulting Company, a project management and corporate transformation consulting company, has managed numerous large hardware, software development, and integration projects. He has directed many project management process implementation, and improvement efforts for major corporations. He develops and instructs training courses in basic and advanced project management skills, team building, and facilitation skills. He leads project management audit te…

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