Logical Method to estimate System Costs
Bild Timo Klostermeier Pixelio.de
Please scroll the subpages for details
The financial and resource planning for projects are almost always struck down at the beginning by management and controlling.
The problem with the estimation is the sheer amount of factors. At the time of RFQ, resources are not allocated. Nobody really has time to do this job. The costs are "diced", especially as you know that the panel will cut the costs anyway.
At the beginning of a project, however, the course is set for the stress factors in the project. Are there enough or too many employees and finances available?
In some industries, it is common practice for projects to go into "task force mode". Resources that are needed are not approved at the beginning of the project. The estimates are not trusted.
It sounds like the movie: "Groundhog Day".