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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
Home » Glossary » What is Project Effort?
What is Project Effort?  

What is Project Effort?


Project Effort is an attempt to initiate and execute a certain project by moving necessary activities towards successful accomplishment of the project’s goals and objectives. It is characterized by the total amount of time available for the project to deliver desired results and produce expected products. Project effort determines some exertion to be expended for doing the project by utilizing available energy.

Estimation of project effort is necessary to successful project planning and development. If the effort of a project is not estimated, then this project can’t be launched because there are no estimates that determine time requirements. There are several steps for estimating the total effort for a project. These steps are:

  • Estimate working hours for each activity planned and for the entire project. Work Breakdown Structure, PERT, Analogy Technique, Expert Advice are some examples of effort estimation techniques.
  • Calculate project management time. It means estimating an amount of hours requited for managing the project throughout the implementation cycle.
  • Add contingency hours. Contingency is the key to plan for uncertainties or risks associated with effort estimation. It is a buffer to protect the project from unexpected events by defining additional hours.
  • Consider rework (optional). There may be a need to reconsider and revise project estimates. Rework helps create improved and more accurate estimates.
  • Define the total effort. The total project effort is calculated by summing up all the components.

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