IT and PM
Most organizations have only one methodology that they use for running projects. However, many organizations perform a variety of projects—deploying hardware, developing new products, deploying off-the-shelf software, and upgrading existing tools. Some methodologies are much better for specific styles of projects. Therefore, organizations need a portfolio of processes that matches their portfolio of projects. Phasing, Critical Chain and Agile methodologies all have valuable attributes that can be applied in specific areas.
Whether you are a project or a functional manager, estimates are a daily part of your life. Team members need to make estimates for a variety of reasons, these include:
- The amount of time for a task.
- The cost for resources.
- The cost of software, hardware and other materials.
- The time required to finish a task.