Two factors are major contributors to inaccurate project estimates. Factor one is insufficient time to deal with uncertainty in the estimating process. Factor two is the need of certain sponsors to create artificially low estimates in order to get a project initiated. Managing expectations and clear communications are a project manager’s keys to success.
Do you agree with this statement and why?
Can you offer other factors that can contribute to bad estimates? Can you describe steps you would take to prevent bad estimates from distorting the project schedule?