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Posts Tagged ‘ estimating ’

What is the 8/80 Rule?

By Ray Myers, Jr., PMP The 8/80 rule is used as a reminder to project managers to limit the size of WBS work packages.  Following these guidelines will prevent micro management or the creation of work packages that become too large to manage. Work packages should be: No smaller than 8 hours No larger...
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When to Use ROM Estimates

By Ray Myers, Jr., PMP ROM estimates are used for strategic decisions, long range planning, or simply to respond to questions such as: How big is the bread box? or, Approximately, just for grins, how much are we talking about? The first step is to determine if a ROM estimate is appropriate.  Review the...
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