Project Management

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Project Budgeted Hours

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Saif Al-Juboory IT Project Manager| Centre Technologies Katy, Tx, United States
Hi Everyone!

It's kinda unique business model that Project Managers in my company don't get involved in curating the project budget in the initiation phase of the project and that's ALL on the pre-sales team and solutions architects to figure out and get it approved with the customers. With that being said, when it comes to the execution, we're in many projects that going over budget!

Accordingly, our goal is to bring pre-sales and project delivery into an alignment. How do we close the gap for engagement that don't go as planned and budgeted for? Any ideas?
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Ganesh Manivannan Pfizer Chennai, Tamil Nadu, India
I am suggesting for both methodology as traditional or agile is not mentioned in your query:

In traditional project management way, there is one phase missing between initiation and execution which is planning. During planning stage do a detailed cost estimate preferably bottoms up estimate and report the gaps between the planned cost (before base lining). The reason before base lining the cost is to ensure trade off between scope and cost.

In Agile way the customer or product owner is also part of the team during execution and hand off. So these budget details can be handled as PO is part of the team.

Trust this helps

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