Archive

Archive for July, 2008

Project Sticker Shock

July 15th, 2008 Comments off

Have you ever gone to a scope review meeting with the client where they keep adding items to your scope. After the changes are added up they can’t understand why their project is now way over budget. This usually ends up  in scope cuts to get back to a reasonable budget. This has happens to all  project managers and will continue into the future. So don’t feel bad if it has
happened to you. What you need to do is understand what is happening and point out to the client that every change they make, added scope, affects the project either in cost, resources, or schedule. There is no getting away from it. You have to understand the relationship between Scope, Schedule, Budget (cost), and Resources (see Figure 1). Resources refers to people, equipment, or materials When one of these parameters changes, one or more of the other three has to change as well.

In other words, as the scope is increased, the budget, schedule or resources required to meet the new scope may change. As a simple
example……

To read more……. click here