Global Learning for Operational Leaders
Classroom
14 sessions
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Online / Live
14 sessions
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Introduction
Course overview
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 Aractech 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.
What you will achieve
Learning 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
Who should attend
Target audience
- Project managers
- Planners
- Engineers
- Product owners
- Cost estimators
- PMO staff
Methodology
Learning approach
- Estimation exercises
- Case studies
- Group estimating games
- Discussions
- Reviews
Complete course outline
Five focused days of learning and application
The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.
Day 1
Estimation Principles
- Why estimates fail
- Accuracy and precision
- Estimate classes
- Coffee break
- Estimate classes (continued)
- Assumptions
- Exercise: Estimate critique
Day 2
Estimating Methods
- Analogous
- Parametric
- Bottom-up
- Coffee break
- Bottom-up (continued)
- Expert judgement
- Lab: Method comparison
Day 3
Uncertainty
- Three-point estimates
- PERT
- Monte Carlo basics
- Coffee break
- Monte Carlo basics (continued)
- Contingency
- Exercise: Range estimates
Day 4
Agile Estimation
- Story points
- Planning poker
- Velocity
- Coffee break
- Velocity (continued)
- Forecasting
- Practice: Planning poker
Day 5
Bias and Calibration
- Cognitive biases
- Reference class forecasting
- Reviews
- Coffee break
- Reviews (continued)
- Historical data
- Capstone: Estimation report
FAQ
Frequently asked questions
What does Project Estimation Techniques (PM-039) cover?
This course covers Project Management through a structured five-day outline focused on practical application, discussion, and implementation planning.
When is the next available session?
The next scheduled session starts on 9 - 13 November 2026. See the course schedules section for the available dates and delivery formats.
Who should attend this course?
Project managers, Planners, Engineers
Is bilingual course delivery available?
Yes. All course materials and presentations are provided in English, while bilingual explanation and discussion support may be available depending on the selected location and trainer availability. For example, when attending a course in Istanbul, you may request a Turkish-speaking trainer to explain the English course content in Turkish. Arabic explanation support may also be requested at this location. Other languages are available in selected cities. You can choose your preferred language support as an optional preference during registration.
How can I register for a session?
Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.
Is this course available online as well as classroom-based?
Check the course schedules section for currently published classroom and Online / Live sessions.
Where are classroom sessions delivered?
Current classroom venues include Vienna, Barcelona, Munich, Dubai, Istanbul, Rome, Cape Town.
How long is the training programme?
The programme runs for five days from 09:00 to 14:00, which gives 25 contact hours, including a daily 30-minute break (22.5 hours of instruction).
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