by J. Jerrald Hayes | Oct 24, 2019 | Estimating
A eyeball guesstimate is a often pejorative slang description of an estimate best described as a guess. The potential margin of error in such an estimate is probable ±30%. Wikipedia describe a Guesstimate as: Guesstimate is an informal English portmanteau of guess and...
by J. Jerrald Hayes | Sep 26, 2018 | Project Management
A Stakeholder is “…is either an individual, group or organization who is impacted by the outcome of a project. They have an interest in the success of the project, and can be within or outside the organization that is sponsoring the project. Stakeholders...
by J. Jerrald Hayes | May 29, 2018 | Estimating
Estimating done where the cost for one measured unit of a completed work activity comes with an attached Unit Cost. According to The Constructor – Civil Engineering Home for Civil Engineers Unit Cost Estimating is defined as:: Unit Cost Method of Estimation in...
by J. Jerrald Hayes | Jul 21, 2017 | Business Management, Project Management
A charrette is an intense period of design or planning activity similar to the short daily stand-up meetings that take place in Scrum or Agile project management methods. Charrette – Wikipedia A charrette (American pronunciation: /ˈʃɑːrɛt/), often Anglicized to...
by J. Jerrald Hayes | Jul 21, 2017 | Marketing
In its simplest form a company’s Corporate Identity is the elemental look of the company brand and can generally be found is a suite of documents such as the company logo, business card, letterhead, envelope, and website design. Why Corporate Identity is...
by J. Jerrald Hayes | Mar 18, 2017 | Estimating
An Assemblies or Systems Estimate is a type of estimate typically used on larger commercial projects where a particular assembly or system repeatedly appears in project. They are usually preformed while a project is still in the design stage and are generally...
by J. Jerrald Hayes | Mar 2, 2017 | Project Management
A method of project planning described in the book Visualizing Project Management: Models and Frameworks for Mastering Complex Systems as emerging as a visualization tool used by PERT planners to visualize their project network in the years before modern day project...
by J. Jerrald Hayes | Feb 20, 2015 | Costing, Estimating, Pricing, Project Management
A term perhaps more commonly used overseas than here in the U.S. where we at times refer to a Schedule of Values a schedule of rates is ….in its lesser form in a standard contract can be a list of staff, types of labour and plant hire rates upon which...
by J. Jerrald Hayes | Apr 12, 2014 | Estimating, Project Management, TQM & Six Sigma
A generic term for a unit within a work breakdown structure (WBS ) at the lowest level of its branch, not necessarily at the lowest level of the whole WBS . It may be used to refer to a unit of work performed within the organization, while ‘Commitment Package’ may be...
by J. Jerrald Hayes | Apr 12, 2014 | Estimating, Project Management
A task oriented detailed breakdown, which defines the work packages and tasks at a level above that defined in the networks and schedules. The WBS initiates the development of the Organizational Breakdown Structure (OBS), and the Cost Breakdown Structure (CBS). It...