Wednesday, December 18, 2013

Resources for Cost Estimation and Resource Allocations

In every aspect of project planning, including those of instructional design, there are many challenges; however, the most challenging is that of cost estimation and resource allocation. With every instructional design project, there has to be cost estimation and resource allocation. There are several resources that are available to project managers to aid in determining the cost estimation and resource allocation.  There are several websites that offer guides and resources to completing this portion of a project.  The three sites below provide great examples for estimating and allocating resources for instructional design projects.
Microsoft Office Project
Microsoft Office Project offers and array of support in their support section. There are several articles on the different phases of project management, making it easy to gain knowledge. These articles relate to the actual software. Those using the Microsoft Office Project software can benefit from the resources and support listed on the site. More importantly, this site is beneficial for project managers who use the site for their project management needs. The resources and articles are at their fingertips if needed.
The Training World
This resource provides a number of specific information on cost estimation, development hours, training cost guidelines, and how to estimate develop hours. This resource provides detail and specific information on how to estimate any associated cost with instructional design project. This site is great for instructional designers, who work as project managers. It will provide the instructional designer with cost estimations for developing training via course management software. This resource is beneficial for all instructional designers.
Bright Hub
Bright Hub has an overabundance of information and resources that will provide knowledge for a budget template. Bright Hub provides a project template it outlines an entire project. Bright Hub has a link that offers insight on project budget goals and what the outcome of those goals should be. This information is a baseline on how to get started with the project. This site has all of the necessary terms that explain what project management is and how to complete projects.
References:
Estimating Costs and Time in Instructional Design. (2010, June 23). Retrieved from Big Dog & Little Dog's Performance Juxtaposition: http://www.nwlink.com/~donclark/hrd/costs.html
Bowen, R. (2013, July 31). Use Our Excel Project Budget Template to Simplify Your Life. Retrieved from Bright Hub PM: http://www.brighthubpm.com/templates-forms/75727-use-our-excel-project-budget-template-to-simplify-your-life/
Pcubed. (2013). About scope management. Retrieved from Microsoft Office Project: http://office.microsoft.com/en-us/project-help/about-scope-management-HA001142303.aspx?CTT=1


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