Project Estimation Basics: Time, Cost, and Risk

Estimating projects isn’t just about numbers—it’s about understanding the balance between time, cost, and scope. CBT Nuggets trainer Bob Mahler breaks down the fundamentals of project estimates in a clear and practical way, moving from theory to real-world application. You’ll learn why schedules often matter most, how the “triple constraints” shape every project, and why changing one factor almost always impacts the others.

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🚨 FAQs 🚨
Who should take Project Estimator Best Practices training?
This training is for anyone who needs to plan and estimate project tasks with more accuracy. It’s especially useful for project managers, team leads, business analysts, and IT pros who work with timelines and budgets. If you’ve ever struggled with late projects, scope creep, or unrealistic expectations, this course will help you build a more reliable project foundation.

Is it hard to learn how to estimate project tasks?
No, but it can feel confusing without a clear framework. Estimating project tasks takes more than a guess — it involves using structured methods to predict time and cost. This course breaks those methods down step-by-step, so you can start applying them right away. With practice, you’ll be able to spot estimation pitfalls and plan smarter.

What will I actually learn in this project estimation training?
You’ll learn how to break down project work using best practices like work breakdown structures (WBS), and how to apply time and cost estimation techniques used by experienced project managers. This includes bottom-up estimating, expert judgment, and three-point estimation. You’ll also learn how to avoid common estimation mistakes that derail project timelines.

What certifications should I get after taking this training?
After completing this course, consider pursuing certifications like the Certified Associate in Project Management (CAPM) or Project Management Professional (PMP) from PMI, especially if you're building a project management career. Estimation skills are also valuable for certifications like Agile Certified Practitioner (PMI-ACP) and CompTIA Project+.
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