In project management, “effort” means the time, money, and work needed to finish a certain job or action. It is an important part of project planning because it helps project managers figure out how long and how much it will cost to finish a project and how to best use the resources available.
In project management, there are different kinds of work, such as:
Direct effort is the time and money that are spent directly on a certain job or action. It includes the amount of time each team member spent on the job and any related costs that were incurred.
Indirect effort is the time and money that are spent on a job or action in a way that is not directly related to it. It covers the time spent on managerial chores like organizing, filing, and tracking, as well as any secondary costs related to the job.
Total effort is the amount of time and money that will be needed to finish a project or a certain part of a project. It covers both direct and secondary work, and it’s used to figure out how much the whole job will cost and how long it will take.
Estimating how much work needs to be done is an important part of preparing a project because it helps project managers make the best use of their resources and spot possible risks and limitations. It means breaking the project down into smaller, easier-to-handle jobs or activities, determining how much work each one will take, and then adding up all of the figures to get a general estimate for the project.
Tracking work is also important to keep an eye on how the project is going and make sure it stays on track. This means comparing the real amount of work done with the expected amount of work, finding any differences, and taking appropriate action as needed.
Overall, effort is a very important part of project management, and a project’s success depends on being able to estimate and track effort well.
Usage
It is used in project planning
