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For these projects, cost estimating will likely be an ongoing process that requires consistent updates in order to maintain accuracy. These goals include matching resources with a project timeline, creating an accurate budget, helping define the scope of a project, and avoiding cost overruns. The goals of cost estimating for IT projects are similar to the goals of cost estimating for other types of projects. This can be especially challenging when using Agile development methods, which tend to evolve over time. Project managers who work on IT development projects have the difficult task of translating the scope of a project into an accurate estimation of costs and scheduling. Rather than creating a new estimate form for each client, you can simply adjust the deadlines, expenses, materials used, and other details based on the scope of a project and customer needs.
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One of the benefits of using an estimate template is the ability to reuse a standardized form to boost efficiency and provide consistent, professional communications with clients. The process of creating a job estimate also helps to outline the parameters of a project as each step is identified and evaluated for cost.
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This way, both contractor and customer have some level of financial and legal protection. Clear documentation may also help to avoid any misunderstandings with customers and support the creation of a realistic quote or contract. This documentation is important for maintaining accurate records, comparing actual expenses to the original estimate, and planning estimates for similar projects in the future.
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While job estimates are not binding contracts, they do provide written documentation of an initial evaluation of costs. Getting started with the Smartsheet API.ENGAGE 2023 Smartsheet ENGAGE brings together our global customers, experts, and partners to share their experiences, ideas, and best practices.Smartsheet events Your hub for Smartsheet events, webinars, Q&As, and user groups.Partners Learn about the Smartsheet partner program and access our partner directory.Community Explore user-generated content and stay updated on our latest product features.Help and Learning A comprehensive knowledge base, including articles, tutorials, videos, and other resources that cover a range of topics related to using Smartsheet.Content Center Articles and guides about project management, collaboration, automation, and other topics to help you make the most of the Smartsheet platform.
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