Year: 2025
Type: article
Abstract: Project estimation challenges plague large-scale initiatives across industries, with conventional approaches frequently falling short. While most projects struggle with meeting time and budget constraints, large initiatives face particularly severe estimation hurdles due to complex interdependencies, technical surprises, evolving requirements, and resource uncertainties. This article examines why traditional estimation methods fail and offers practical strategies for improving accuracy. By engaging stakeholders comprehensively, breaking projects into manageable components, implementing robust contingency planning, and maintaining estimation flexibility throughout the project lifecycle, organizations can transform their approach to estimation. The framework presented emphasizes measurement as the foundation for continuous improvement, enabling teams to systematically refine their estimation capabilities and deliver more predictable project outcomes even in complex environments.
Author: Sasidhar Reddy Somula
Institution: Accenture (United States)
Language: English
Field: Decision Sciences
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4408678573