In my last article I focused upon the largest cost component in most projects, resource or people costs. Allowing for all costs in a project can serve to illustrate the true cost of conducting the project which in itself can be quite an education for some people. It is to be hoped that if Project Managers are made aware of the true cost of their project they will be more prudent and judicious in managing the project and keeping it within the budget allocated. Having identified the true cost of the project we can use this information in a variety of ways.
Read the rest of this entry »
