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Keep Stakeholders Happy with Transparent Project Management
| Project Management should be transparent for Stakeholders to have a good insight on the progress. That will put some pressure on the Project Manager. Project Managers do provide periodic reporting, but is that enough? Go a step further and provide Stakeholders with the ability to have access to real time status that they can get on their smartphones or laptops. Select a Project Management Software that will provide mobile access.
A Project Manager should welcome transparency. Transparency will demonstrate a confident Project Manager that is leading a team that will deliver results to their Stakeholders. Transparency will get your Stakeholders engaged in the project by having real time updates on the progress. Good and bad news will be known now and not on a periodic status report.
(Note - this article was originally written by Drake Settsu and published on DrakeSettsu.BlogSpot.com in October 2016) |
Posted on: March 05, 2018 02:54 AM
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Budget Creep a Project Manager's Nightmare
| Going over budget within the scope of a project can happen. You think you covered all the possibilities that could occur in the project. You submitted a budget with padding so you can avoid a budget overrun. You are now at the one third milestone in the project and your funds are being depleted faster than anticipated. How did I not see this happening? Reporting any budget variances on a monthly Project Stop Light Report will expose your budget creep. You will see how your monthly expenditures keep going up for the project. That is your cue to stop the project and revisit the budget. Are the projected estimates accurate or grossly underestimated? The faith of the project is in jeopardy now. Will the project be shutdown or will additional funds be allocated for it? A big decision needs to be made based on an accurate big picture on what the new realistic funding will be to keep the project moving. Project Managers need to always keep an eye on the budget and raise the red flag when the project funds are depleting ahead of time. Avoid what I call Budget Creep. (Note - this article was originally written by Drake Settsu and published on DrakeSettsu.BlogSpot.com in September 2016) |
Posted on: January 13, 2018 08:03 AM
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