Tag Archive: project budget

Going full circle

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We must all learn lessons from prior projects in order to protect and then grow our project profit margins. Without this learning, maring will never increase that can threaten the very existence of the business itself.

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What is a Project?

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By definition, a project is a temporary endeavour with a specific result or objective. If your project has no end in sight and/or no clear scope, then while what you are doing may be important, it is not a project. As a result you will have a hard time showing your team that they’re being…

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THIS IS GOING TO COST HOW MUCH?

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When giving estimates for your project or work, make sure you have done enough work to stand over that estimate. Don’t guess. This way, if challenged by a client on the costs, you can deal with the facts of the quotation with strong argument.

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PROJECT COSTING – A BLACK ART?

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Project cost estimates are a must to get right in order to generate and accurate project budget. Depending on when they are required to be given though, an estimation can be a little like black art and may not be as accurate as needed. Ensuring that the client is aware that the project costs can be finalised after a fuller understanding of the project scope is available is effective management that will protect your project and business.

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