Reasons For Project Over Budget
The Project Manager needs to have a very effective tracking method, so that he/she can watch ‘burn’ rate real time. Otherwise there would authorized activities and purchases at a higher rate than expected or unauthorized activities within the budget. Just watching and approving of activity progress is not enough for the project manager. The manager should outline all the possibilities, assumptions and constraints before starting the actual implementation. An activity could actually require more effort or materials or there may be charges against the activity which shouldn’t be. Training and experience can add a lot to it. If you want […]
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