More than one-third of projects have a budget of seven figures or more, so handling the finances is an essential part of a project manager’s repertoire. Keeping to budget is not always easy, and it is made harder by the fact that project managers themselves don’t always get control over the money. As the ‘average’ project has its budget revised at least three times, the situation can be further complicated. This is one section of the book ‘Shortcuts to Success’.
Cuprins
Author
Glossary
Introduction
Create a realistic budget
Calculate the true cost
Track estimate to complete
Agree a budget tolerance
Have a contingency fund
Gain buy-in for collective budget responsibility
Agree who holds signing authority
Arrange for a peer review
Manage projects with no budget carefully
Use timesheets for tracking time
Budget for change management
Understand the benefits
Further reading
Index
Despre autor
Elizabeth Harrin MA MBCS FAPM is a project and programme manager with a decade of experience managing IT and business change projects. She is the author of Social Media for Project Managers (PMI, 2010) and writes the award-winning blog A Girl’s Guide to Project Management. Elizabeth is a PRINCE2, MSP and P3O Practitioner and a member of PMI.
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