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18 November 2009

Managing Project Cost

At "AskAboutProjects" a user asked whether it's still Project Management when you aren't managing the budget. Mainly he answers floated around the point taht yes, it is. A few examples were mentioned inlcuding projects with a flat resource profile.

Here's the thing; Just because there isn;t anything to do on the budgets doesn;t mean that you are not managing cost. If your team burn through $20k per month, you have a pretty direct influence on the budget by the way you manage the project.

Will it go for 6 months or two years?

Of course cost is one half of the value equation, but it isn't as simple as a financial estimate or report.