Join Bob McGannon for an in-depth discussion in this video Collecting resource-usage information, part of Managing Project Budgets.
…So, picture this.…You're heading down the highway.…There isn't a lot of traffic, and it's a beautiful day.…You have the cruise control on in the car, and you aren't exceeding the speed limit.…Suddenly, as you come over the crest of a hill, you see…a police car parked on the shoulder of the road ahead of you.…What do you do?…Even though you aren't the least bit guilty, you tap the brakes and slow down.…Thus is the power and influence measurements have in our lives.…
The same is true with project measurements.…Track costly items carefully.…And you and your management team will…react more proactively to potential cost changes.…One of the most substantial costs on most projects is people.…As a result, I recommend paying particular…attention to the collection of resource usage information.…Here are my recommendations for collecting this vital data.…First, strive to understand the culture of your organization.…How does management want the cost of resources to be allocated?…Here are some common approaches.…
Some organizations are focused on capturing labor intervals.…
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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.