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Project Management Blog

Estimation can be one of the most difficult parts of a project.  Important questions must be asked in order to form the right figures and plans.  How long will the project take?  How many resources will it consume?  Consultants may also ask the following question: What is the appropriate amount to bid on this project?  These questions are not easy to answer at the outset when one generally has only a vague idea of what will be required throughout the project. 

The good news is that there is a fairly simple way to improve project estimation and, consequently, the bidding process.  Most people do not realize that the requirements creation process can lend insight into the length and scope of a project.  Let me give you an example of how this method works and then explain how you can implement it within your own company.

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