How do you estimate the time and cost for a project?
Projects have many variables.
Lizzie Davey asked a similar question in her weekly email. “…[H]ow are we supposed to know how long it’s going to take us to read through a 35-page document and edit it? It all depends on the language, how much of it is images, and how deep an edit the client wants, right?”
The prospective client came through a personal referral. I based my timeframe and price were based on prior experience, and I dug into the work. Part way through, I discovered that the content development took longer than my original estimate to the client.
I share the full story and solution in my guest post, What Happens When You Underestimate a Project Cost and How to Fix It.
Have you ever underestimated a project?
What did you do to fix the situation? Let us know in the comments.
Image from Pixabay, Public Domain; text on the board (c) Sherri Leah Henkin 2017