When measuring or estimating a value, knowing its magnitude is important because it signifies the degree of accuracy to which the measurement was made. What relevance does this have to project management, and in particular to creating project budgets? Read on.
As the stock market continues to be volatile and a recession seems to be looming on the horizon, it’s prudent to consider that your company may experience an economic downturn that can lead to layoffs or reductions in resources.
How much has this project cost us, anyway? Do you really calculate the true costs associated with your projects--all of them?
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"Once, during prohibition, I was forced to live for days on nothing but food and water." - W. C. Fields |
