London Leadership Management Innovation llmi.uk
info@llmi.uk
Project Management · PM-039

Project Estimation Techniques

5 daysClassroom
13Upcoming dates
6Cities
£2,840Fees from + VAT

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

Day 1: Estimation Principles
  • Why estimates fail
  • Accuracy and precision
  • Estimate classes
  • Assumptions
  • Exercise: Estimate critique
Day 2: Estimating Methods
  • Analogous
  • Parametric
  • Bottom-up
  • Expert judgement
  • Lab: Method comparison
Day 3: Uncertainty
  • Three-point estimates
  • PERT
  • Monte Carlo basics
  • Contingency
  • Exercise: Range estimates
Day 4: Agile Estimation
  • Story points
  • Planning poker
  • Velocity
  • Forecasting
  • Practice: Planning poker
Day 5: Bias and Calibration
  • Cognitive biases
  • Reference class forecasting
  • Reviews
  • Historical data
  • Capstone: Estimation report

Dates and fees

DatesCityFee
14 - 18 Dec 2026Barcelona, Spain£3,850 + VAT
18 - 22 Jan 2027Munich, Germany£4,250 + VAT
15 - 19 Feb 2027Dubai, United Arab Emirates£5,250 + VAT
15 - 19 Mar 2027Istanbul, Turkey£2,850 + VAT
19 - 23 Apr 2027Rome, Italy£4,250 + VAT
17 - 21 May 2027Istanbul, Turkey£2,850 + VAT
21 - 25 Jun 2027Cape Town, South Africa£2,840 + VAT
19 - 23 Jul 2027Barcelona, Spain£3,850 + VAT
16 - 20 Aug 2027Munich, Germany£4,250 + VAT
20 - 24 Sep 2027Dubai, United Arab Emirates£5,250 + VAT
18 - 22 Oct 2027Istanbul, Turkey£2,850 + VAT
15 - 19 Nov 2027Rome, Italy£4,250 + VAT
20 - 24 Dec 2027Istanbul, Turkey£2,850 + VAT
London Leadership Management InnovationRegister at llmi.uk/course/project-estimation-techniques