Project Estimation - Basics (8 CPD Hours)

Project industry statistics continue to show that upfront planning and estimation enhances project success. Currently over 60% of projects are not delivered on time, on budget, or to quality expectations. Without being able to estimate an accurate timeline and budget, projects are effectively set up for failure over and over.

This course explores reliability vs accuracy of estimates, changes the view of project failure and how to apply rigour in the estimation process. Part of a rigorous process requires the right team and this course will explore who needs to be involved and setting appropriate expectations.

Course Presenter – Carol Wilson

Carol Wilson is a senior practitioner of change and project management with extensive business experience, inclusive of 11 years as a counsellor and psychologist. She has extensive experience in the development and delivery of training material and specializes in the ‘soft’ skills needed for employment or project success. Her experience includes diverse industries across small business to large corporations.


  • Estimation Overview
  • Scoping
  • The Schedule
  • Estimating Labour
  • Estimating Techniques
  • Risk and Uncertainty
  • Presenting an Estimate

Who Should Attend?

  • Project Managers
  • Project Accountants
  • Anyone who has an interest in the project and estimation process


  • Familiarity with a Project Business Case.

Learning Outcomes

By the end of this session participants will be able to:

  • Describe a typical Cost Estimation process
  • Explain the meaning of key cost estimation data fields
  • Describe the key inputs to a project estimation
  • Develop a basic Work Breakdown Structure (WBS)
  • Select the most appropriate estimation technique for a WBS element
  • Apply risk and contingency to a cost estimate
  • Compile an estimate into the required summary format

Available Sessions

There are no scheduled sessions at this time.

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