202121 Jul

What is Level of Effort (LOE)? Plus, 5 Tips for Effort Estimation

Summary

Depending on the scope and size of the project, the level of effort for stakeholder management activities will go up and down, and it is important to be aware of how much energy it will take. Stakeholder management includes sending regular updates, scheduling meetings, hosting calls, creating documents, etc. To create an accurate budget report, you must keep up with supporting activities like submitting receipts and expenses, communicating with stakeholders, recording cost changes, etc. Generally, this work takes place at regular intervals throughout the task or project, so it’s important to understand how much total effort it will require. • Add values to the LOE scale: When you’ve completed effort estimation for tasks, each should have a number or be sorted into a category.

Source: Projectmanager Full Article

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