Project Failure Files: Bad Estimate and No Plan

In Episode 30 of the Project Failure Files weekly webcast, our focus was “The Art of Estimation and Planning,” in which Sharon and I discussed the importance of mastering estimation and planning as essential skills for successful project management. We shared techniques for improving estimation accuracy and creating detailed plans, emphasizing how these practices set realistic expectations, optimize resources, and enhance decision-making. By addressing common pitfalls like underestimating complexity and neglecting contingency planning, we provided actionable strategies to avoid misalignment and ensure projects stay on track and deliver results.

We explored the risks of poor estimation and planning, such as scope creep, missed deadlines, and stakeholder dissatisfaction, which can derail even the most well-intentioned projects. Through practical examples, we highlighted the value of clear milestones, stakeholder input, and agile planning methods to foster alignment and adaptability. Accurate estimation and thoughtful planning build a foundation for project success by improving predictability, team productivity, and stakeholder confidence.

Finally, we emphasized that estimation and planning are iterative processes requiring continuous refinement and clear communication with stakeholders. By leveraging tools, lessons learned, and collaborative approaches, teams can navigate complexity, mitigate risks, and achieve project goals effectively. The episode serves as a comprehensive guide for project managers seeking to elevate their planning and execution capabilities.

Enjoy the episode!

Be sure to tune in next Monday, January 13th at 9am Pacific for Episode 31 of our weekly series as Sharon and I discuss “Integrating Risk Management into Strategic Planning.“  Hope you can join us on LinkedIn or YouTube.