![]() How about the cost of quality? How much do comprehensive design reviews and extensive testing cost? How much does it cost to get external organizations to audit the project for compliance? How about the cost of mitigating risks? Not to mention the contingency reserves needed to cope with risks that do materialize. You might even be aware of equipment or office space that must be rented for the duration of the project, but there are other costs that are not so obvious. ![]() You might consider staff costs and material costs. In this way, you explicitly lay out where you are going to look for project costs. In other words, anyone who would like to describe themselves as a Project Management Professional (PMP) ® had better be capable of developing a budget and of tracking revenues and expenditure during a project.Īs with the other project management knowledge areas, the first step to arriving at a budget is to plan what you are going to do. However, such is the breadth of project management that some project managers are responsible for managing multi-million Euro budgets – massive construction projects would be good examples. Essentially, the cost of the development is borne by the software department as a whole. Their teams are made up of full-time staff and there might be no material or equipment expenses incurred during the project. ![]() In application domains, such as software development, many project managers do not have to manage a budget. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |