I noticed there was mention of some finalists coming noticeably under budget. This makes all parties happy, and it is a good thing, but it isn't effective project management. It usually means either scope was cut, quality was cut, or some process was improved which means it wasn't identified earlier on so that the budget estimate would have been lower. I don't want to be a stick in the mud, but PMI should probably not mention "under budget" for finalists of project management awards.I even remember a high profile PM trainer in one course that I did saying that largely under budget means project failure even if product success.
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1 reply by George Lewis
Nov 13, 2017 3:44 AM
George Lewis
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Very interesting comments... could be an interesting debate on this... it makes sense to me...
Saving Changes...
George LewisProgram/Project Manager| DXC Technology CompanyHeredia, Costa Rica
Jaleel - I don't have the details, but maybe someone here can reply to it... Saving Changes...
George LewisProgram/Project Manager| DXC Technology CompanyHeredia, Costa Rica
Nov 12, 2017 3:38 PM
Replying to Sante Delle-Vergini, PhD
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I noticed there was mention of some finalists coming noticeably under budget. This makes all parties happy, and it is a good thing, but it isn't effective project management. It usually means either scope was cut, quality was cut, or some process was improved which means it wasn't identified earlier on so that the budget estimate would have been lower. I don't want to be a stick in the mud, but PMI should probably not mention "under budget" for finalists of project management awards.I even remember a high profile PM trainer in one course that I did saying that largely under budget means project failure even if product success.
Very interesting comments... could be an interesting debate on this... it makes sense to me... Saving Changes...
Mansoor MustafaSenior PM| Government DepartmentRawalpindi Punjab, Pakistan
Thanks for sharing
Very interesting projects Saving Changes...
Stéphane ParentSelf Employed / Semi-retired| Leader MakerPrince Edward Island, Canada
I'm with Sante. Our job is to be on time and on budget, not under. We are missing opportunities when time and budget are not correctly estimated. Saving Changes...
Janice GrierSenior Technical Vendor Manager| ATTShelby Township, Mi, United States