Posts Tagged ‘range of influence’

Influence & Cost of Changes

June 7th, 2009 No comments

As you are aware one of the major challenges of the project manager is managing changes. With projects, change is inevitable, you have to be prepared to handle change, and to manage changes. Changes take place throughout the project and during the different phases of the project life cycle, change will have different effects on the project. In this article I will talk about how the range of influence changes as the project moves along the life cycle. I will also talk about project spending and the cost of change.
Figure 1 shows how the range of influence on a project decreases as the project develops. By range of influence I am talking about the ability to alter the project quality, schedule, cost, and return on investment (ROI). Early on in the project we are just dealing with engineering design so any changes to the scope and schedule does not cost……………..  click here