A blog that looks at all aspects of project and program finances from budgets, estimating and accounting to getting a pay rise and managing contracts.
Written by Elizabeth Harrin from RebelsGuideToPM.com.
Here’s a short video sharing three ways to keep your project on budget, but be warned, these are suggestions for project managers willing to take the difficult decisions and have hard conversations!
You can see more tips on how to keep your project on budget in this article.
I would say it all depends on environment you are working in. Reducing scope is not always possible but gold plating and saying no to changes that drastically change the scope while stakeholders are not willing to increase budget or extend schedule may be possible.
Mansoor MustafaSenior PM| Government DepartmentRawalpindi Punjab, Pakistan
thanks for sharing
Christian SachsCEO| Cactus Competence LtdCanet-en-Roussillon, France
For me Gold Plating is the worst you can do. As said in the video, the customer might appreciate, but when it comes to cost and timing and you find out that you neither had the money not the time your customer will be terribly disappointed.
Give a monkey a banana (the scope), give him 2 (gold plating) and he will be overly happy. Take one away and he will be disgusted like hell.
Mansoor MustafaSenior PM| Government DepartmentRawalpindi Punjab, Pakistan
I agree with Najam, it depends upon the environment and organization where you are working. Some time it not possible or advisable to change the scope of project however scope can be kept slim before under taking the project. Gold plating is not advisable in PM practices (Stick to original scope), Saying no is always advisable, I second you on that. Thanks for sharing
