Estimating is a vital part of the project planning phase and involves estimating the project costs, resources, or duration. Estimating a project can be a challenging task no matter what the size or budget of the project is. The more complex and larger the size and budget of the project, the more difficult it gets to appropriately estimate the project. Faulty or incorrect estimates will result in delayed deadlines and breaking budgets – two key symptoms of project failure.
The Project Estimate Template is a document that will help you estimate the time, cost and resources needed to complete your project. It includes information about what needs to be done, who will do it, how long it will take them to finish their tasks and the total amount of money that should be budgeted for this project. The template can also include contingency plans in case things go wrong or unexpected costs arise.
File Type: Excel
The project estimation template includes the following fields –
- Project Name
- Project Manager
- Project Id
- Project Sponsor
- Start Date
- End Date
- Project phase / Deliverables
- Estimated hours
- Resources required
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