Adjusting To Budget Changes in Projects

Of the three causes to budget changes (errors in estimations, new information obtained, and new mandates), I believe firstly that identifying them early on and addressing these as risks to be mitigated is important.  For example, errors in estimation are simply the result of not properly judging the cost benefit analysis of research v. resources…

A Triangulated Marriage: Project Scope, Schedule, and Budget

  In project management there is an interdependent relationship between project scope, schedule and budget.  This relationship is best demonstrated as a triad (below).  A quick look at each of these areas will easily show their interdependence on one another in relation to project management.     Projects often emerge in an organization to close the…