One of the critical aspects that project managers face while completing the process of developing a project is the allocation of resources and estimating costs associated with the project. According to Stolovitch (n.d.), there are various factors that influence the overall budget of a project including: approvals, contingencies, necessary resources vs. add-ons, priorities, availability of funds, and time needed to complete the project.
Wrike Outcollaborate Blog
https://www.wrike.com/blog/
This blog hosts a wealth of articles geared towards everything project management. From discussions about dealing with difficult clients, providing several tips on how to address problematic clients, to creating successes out of failed projects, I found this blog as a useful tool to novice project managers. As a novice project manager myself, I was able to view opinions of how to effectively manage work spaces and reading insight on digital project management and how to successful fulfill those roles and responsibilities in an online environment. The one thing that stood out on this site is that it provides several (free) books on everything project management that covers all aspects of the process. Wrike has also developed their own project management software for all sizes of business (categorized as business, enterprise, and professional), so that the software is tailored to each group regardless of size.
4PM
http://4pm.com/
4PM not only provides project management resources for a variety of disciplines, but also articles, exam preparation to become a Certified Associate Project Manager (CAPM), and several videos on how to estimate project costs and duration. Boasting a list of well known clients, 4PM proved to be a one stop shop on everything project management. In addition to providing articles on estimating costs, those articles are supported by videos that gives further information than what the article presented. One interesting aspect of estimating that I discovered on this website is the process of providing a three point estimate rather than only providing one estimate of costs. According to the site, the benefits of providing a three point estimate include providing more accurate cost estimate, risk data that is not available with a singular estimate approach, and identifying risks associated with each tasks.
Reference:
Laureate Education (Producer). (n.d.). Creating a resource allocation plan [Video file]. Retrieved from https://class.waldenu.edu
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