Estimating Costs and Allocating Resources
The same tried and true resources tend to come up when looking for tools and resources that are most useful in estimating costs and allocating resources. The first resource is one that is recommended, and used over, and over. At the risk, or more likely certainty, of being redundant, Kapp and Defelice (2009) come out on top. Click Here. In this resource, low and high hours are included, and compared in 2003, and 2009. The hours are much higher for 2009. As a teacher, I can attest to the same phenomena. The number of hours it took me to create an hour of instructor lead training in 2003 is much lower than the number of hours it takes me to create the same training in 2015, and I have much more experience than I did then. The expectations have changed drastically, as has the success criteria. It is also important to note that there are “three main issues impacting the time to develop instruction and they primarily stem from the client, scope of work, technology, and review time” (Kapp & Defelice, 2009).
Another resource is Litten’s (2015) “PMP Certification Video Primer: Estimate Activity Durations” (Litten, 2015). Click Here to View Link. In this article, 7 required inputs are listed in order to estimate activity durations. Litten states that “every activity has three attributes; its duration, the work effort and the resources” (Litten, 2015), and furthermore, that the secret is to “estimate the work effort first, then the resources and finally be able to estimate activity durations” (Litten, 2015).
Image from Dave Litten©, (2015). Retrieved from http://www.pm-primer.com/estimate-activity-durations
A third helpful resource is, Click Here, from Chapman, B. (2010). This Slideshare not only provides rapid, average and advanced/complex e-learning development ratios, but provides a wealth of information for estimating costs and allocating resources.
Chapman, B., (2010). How long does it take to create learning? [Research Study]. Published by Chapman Alliance LLC. www.chapmanalliance.com. Retrieved from: http://www.slideshare.net/bchapman_utah/how-long-does-it-take-to-create-learning?ref=http://www.chapmanalliance.com/howlong/
Kaplan, K., Defelice, R., (2009). Time to develop one hour of training. Retrieved from:https://www.td.org/Publications/Newsletters/Learning-Circuits/Learning-Circuits-Archives/2009/08/Time-to-Develop-One-Hour-of-Training
Litten, D. (2015). PMP certification video primer: Estimate activity durations. Retrieved from: http://www.pm-primer.com/estimate-activity-durations