Delivering Under Budget in your Project Management Life Cycle
Project Management Life Cycle - Delivering Under Budget One could say that your biggest challenge as a Project Manager is delivering “within budget” (within your project management life cycle ). If you are late then you can consider adding more staff, if the quality of your deliverables is not good enough then you can consider scheduling more time, but if you are over budget, then there are not a lot of options for you. So to help you out, we have described here how to: Manage Projects “Within Budget” Every Project Manager has a fixed budget. It is one of those things that makes a “project” a project. If you had an on-going annual budget, then you would be managing an operational activity, not a project. The budgeting challenge for a Project Manager is that often by the time that they are allocated to a project, the budget has already been set by the Sponsor. The Project Manager does not have any real “say” in the matter. So how to can you manage your project within budget, whe...