International Research Journal of Education and Technology

Project estimation and management are critical components of successful project execution, ensuring efficient resource utilization, timely delivery, and alignment with organizational goals. Estimation involves predicting the effort, time, and cost required to complete a project, while management focuses on planning, organizing, and controlling project activities. Effective estimation provides a foundation for realistic planning and decision-making, reducing the risks of underestimation or over-allocation. Techniques such as expert judgment, parametric estimation, and analogous estimation enable accurate forecasts, supported by tools like Gantt charts, Work Breakdown Structures (WBS), and Critical Path Method (CPM). Project management encompasses the coordination of resources, stakeholder communication, and adaptation to dynamic project constraints. Agile, Waterfall, and hybrid methodologies provide frameworks for managing diverse project types. Addressing challenges like scope creep, resource conflicts, and shifting priorities requires proactive monitoring and risk management. Ultimately, robust estimation and management practices enhance project success rates, optimize performance, and deliver value to stakeholders.

Key Words:  Project estimation,Project management,Resourse allocation,Cost estimation,Time management,Scope creep,Risk management.