Join Bob McGannon for an in-depth discussion in this video Addressing budgeting issues, part of Project Management Foundations: Budgets.
…When you stop to think about it, the fact that…projects actually are delivered successfully, could be a small miracle.…There are people in communications that can vary from person to person.…Risks abound.…Decision-making can be erratic, and project…requirements could be missing or misinterpreted.…And all this does not include budget issues.…I have shared a number of large potential budget issues with you.…You definitely have to watch for those.…However, most projects are plagued with a number of other…smaller issues, that can quietly cause chaos in your budget management.…
Let's take a look at a few of the…common little budget process issues, you should check up on.…First, check the time periods on all of your cost data.…If you don't get the information in a timely manner, you…may not be reporting a true picture of your budget situation.…And when your budget status is out of whack, you can't…make informed management decisions, or…take corrective actions if they're required.…In addition, check to ensure all of the cost…
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- Discovering costing standards
- Examining capital and operating costs
- Assigning costs to resources
- Communicating your budget
- Recovering a bloated budget
- Addressing budgeting issues<br><br>
- The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.