By Jeff Davidson
The ten Minute consultant to venture administration deals basic, useful support for busy those who want speedy effects. via goal-oriented, 10-minute classes, you research the entire talents you want to get even the main advanced tasks out of the gate and headed for the end line!
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In the next lesson, we add flesh and blood to your WBS, and focus on assigning staff, timeframes, and a budget to your WBS. The 30-Second Recap ● Regardless of how worthy your project and how brilliant your plan, keeping others informed along the way, as necessary, is your prime directive. ● Carefully scoping out the project and laying out an effective project plan minimizes the potential for surprises, indicates what needs to be done, provides clarity, and offers direction. ● The work breakdown structure (WBS) is a primary planning tool in plotting your path.
This is true for many reasons: ● In most organizations, no matter how much you ask for, you can count on not getting it all. TIP You might as well ask for slightly more than your best calculations indicate, thereby increasing the probability of getting close to the amount you actually seek. ● No matter how precise your calculations, how much slack you allow, or what kind of contingencies you have considered, chances are your estimate is still low. Plain English Slack Margin or extra room to accommodate anticipated potential short falls in planning.
Your organization or whoever is funding the project enjoys hearing about cost overruns about as much as having a root canal. Too often the monetary resources allocated to a project (perhaps even before you stepped aboard) have been underestimated. Why? Because of the irrational exuberance that the authorizing party or stakeholder may have as to what can be achieved at what cost. This is not to say that project managers don't have their own hand in underestimating cost. The project manager often is charged with determining the project budget, as opposed to being handed some figure from above.
10 minute guide. / Project management by Jeff Davidson
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