A project estimate is powerful, offers many benefits, and contributes to project success. But what are the key elements of a great estimate?
The success of any project depends on a variety of factors. Do you have a plan? Do you have the right employees? Do you have enough money? Do you…?
Project estimates are one piece of that puzzle.
Project estimates kickstart good practices, ensure you and your client grasp the work involved, and help determine whether a project is viable.
On top of these benefits, they improve budget allocation, aid in determining cash flow needs, assist in getting sponsors, and help establish timelines.
But capturing these benefits requires that you create a great estimate to start. In this post, we’ll reveal 7 key components of a killer project estimate.
Let’s jump into it.