2. Project management

  1. Explore your new adventure through our online project management course. We will take you step by step on how to plan, budget, schedule, estimate costs and manage your project right from the beginning to the end. Apart from that, the course also enables you to explore effective skills to communicate, manage people and employ leadership skills to successfully deliver your own project.

Project management

The third step when estimating time accurately in the project is

The best we can do is size up the chances, calculate the risks involved, estimate our ability to deal with them, and then make our plans with confidence” Henry Ford.

Why is there a need for estimating in projects?

Accurate time estimation is a crucial skill in project management. When this skill is lacking, you will miss your time frames and deadlines and you won't be able to get commitment from the people who need to sign up the project.

More importantly for your career, sponsors often judge whether a project has succeeded or failed depending on whether it has been delivered on time and on budget. To have a chance of being successful as a project manager, you need to be able to negotiate sensible budgets and achievable deadlines.

Simple steps to estimate time accurately


Understand what is required                  


List the activities according to their priority


Decide who you need to involve


Make your estimates

FIRST STEP: It is highly important to start by identifying all the necessary work that needs to be done within the project.

SECOND STEP: List all the core activities you have identified in the order in which they need to be done.

THIRD STEP: Get assistance from the people who will actively do the work e. g.  stakeholders as they are likely to have prior experience to draw upon.

FOURTH STEP: Estimate the time needed for each of the task rather than for the whole project.

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  • Understanding what is required
  • Deciding who you need to involve
  • making your estimate
  • listing the activities according to their priorities Decide who you ne