How to Get a Job For Project Managers

Learn how to write resume and interview

Leadership for Project Managers

Learn how to lead and drive project success.

Project Management Bootcamp

From a beginner to project management professional.

Measuring Project Performance

Master Earned Value Management to analyze and improve projects.

Basis of Estimates

The compiled backup that explains how project estimates were developed, including the assumptions and constraints considered, the methods and level of detail used, the estimate ranges, and the expected confidence or accuracy.

Key Points

  • Documents how estimates were derived, including data sources and techniques.
  • Lists key assumptions and constraints that influence the numbers.
  • States the level of detail and estimating approach (e.g., bottom-up, parametric, three-point).
  • Defines estimate ranges and the confidence or accuracy level communicated to stakeholders.

Example

On a building project, the project manager prepares a basis of estimates file that notes: steel prices assumed stable within +/-10% for six months; site access restricted to weekends (constraint); bottom-up estimates for structural work using vendor quotes; three-point estimates for landscaping; an accuracy of -5% to +15% with 70% confidence; and all source data and calculation steps.

PMP Example Question

Which document captures the assumptions, constraints, methods, ranges, and confidence levels used to create the project's estimates?

  1. Basis of Estimates
  2. Cost Baseline
  3. Risk Register
  4. WBS Dictionary

Correct Answer: A — Basis of Estimates

Explanation: The basis of estimates is the supporting documentation that explains how estimates were developed, including assumptions, constraints, methods, ranges, and confidence levels.

How To Land the Job and Interview for Project Managers Course

Take the next big step in your project management career with HK School of Management. Whether you're breaking into the field or aiming for your dream job, this course gives you the tools to stand out, impress in interviews, and secure the role you deserve.

This isn’t just another job-hunting guide—it’s a tailored roadmap for project managers. You’ll craft winning resumes, tackle tough interview questions, and plan your first 90 days with confidence. Our hands-on approach includes real-world examples, AI-powered resume hacks, and interactive exercises to sharpen your skills.

You'll navigate the hiring process like a pro, with expert insights on personal branding, salary negotiation, and career growth strategies. Plus, downloadable templates and step-by-step guidance ensure you're always prepared.

Learn from seasoned professionals and join a community of ambitious project managers. Ready to land your ideal job and thrive in your career? Enroll now and take control of your future!



Launch your career!

HK School of Management delivers top-tier training in Project Management, Job Search Strategies, and Career Growth. For the price of a lunch, you’ll gain expert insights into landing your dream PM role, mastering interviews, and negotiating like a pro. With a 30-day money-back guarantee, there’s zero risk—just a clear path to success!

Learn More