Adaptive (Agile) Project Management
Next: 14 - 18 Dec 2026 · Munich
Munich, Kuala Lumpur, Barcelona +3 more
Professional training course · PM-039
Project Estimation Techniques
Poor estimates are a root cause of unrealistic plans, budget overruns and loss of credibility. Better estimating techniques produce more reliable plans and commitments…
- 5 daysClassroom
- 13Upcoming dates
- 6Cities
- £2,840Fees from
Course overview
Why Attend
Poor estimates are a root cause of unrealistic plans, budget overruns and loss of credibility. Better estimating techniques produce more reliable plans and commitments.
This LLMI course covers estimation principles, analogous, parametric and bottom-up estimating, three-point and PERT estimates, agile estimation, managing uncertainty and bias, estimate reviews and calibration. Participants estimate case projects using multiple techniques.
Course Objectives
Explain estimation principles and accuracy
Apply analogous, parametric and bottom-up methods
Use three-point and PERT estimating
Apply agile estimation techniques
Recognise and reduce estimating bias
Review and calibrate estimates
Target Audience
Project managers
Planners
Engineers
Product owners
Cost estimators
PMO staff
Course Methodology
Estimation exercises
Case studies
Group estimating games
Discussions
Reviews
Course outline
-
1Day 1: Estimation Principles
- Why estimates fail
- Accuracy and precision
- Estimate classes
- Assumptions
- Exercise: Estimate critique
-
2Day 2: Estimating Methods
- Analogous
- Parametric
- Bottom-up
- Expert judgement
- Lab: Method comparison
-
3Day 3: Uncertainty
- Three-point estimates
- PERT
- Monte Carlo basics
- Contingency
- Exercise: Range estimates
-
4Day 4: Agile Estimation
- Story points
- Planning poker
- Velocity
- Forecasting
- Practice: Planning poker
-
5Day 5: Bias and Calibration
- Cognitive biases
- Reference class forecasting
- Reviews
- Historical data
- Capstone: Estimation report
Dates and fees
Questions
Frequently asked questions
How long is the Project Estimation Techniques course?
The course runs over 5 days of classroom training, usually Monday to Friday.
When is the next Project Estimation Techniques course?
The next public date is 14 - 18 Dec 2026 in Barcelona. There are 13 upcoming dates in total.
Where is this course held?
Upcoming sessions run in Barcelona, Munich, Dubai, Istanbul, Rome, Cape Town.
How much does the course cost?
Fees start from £2,840 + VAT per delegate, depending on the city. Fees include tuition and course materials.
Do participants receive a certificate?
Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.
Can this course be delivered in-house for our team?
Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.
Course information last updated 14 November 2026.
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