Foul Tech Sours

Photo courtesy of  Proof Positive Cash. Currency. Dinero. Mula. Capital.  Regardless of which term you use, it's all the same thing: MONEY. It's valuable and very highly coveted. To some, it's easy to obtain, for others, it eludes them very easily. With regards to Project Management, money is a very value resource, a necessity in some cases, that is required for a project manager and his or her team to successfully complete an assigned project. It's a commonly known fact that it's rare, if not impossible, to perfectly guesstimate a budget for a project. This is usually the case for long term, large scale projects. The mistakes that project managers make when it comes to the cost estimation of the overall project varies. Sometimes, project manager can be too optimistic. Other times, the project manager may fail to account for certain aspects of a project that may involve cost. And, very frequently, known unknowns come into play and unexpectedly dep...

Time, Cost, and Scope. Three attributes that can apply to just about any aspect of life. Regardless of the scenario to which one might decide to apply these constraints, there's always a give and take. For the sake of this entry, lets define time, cost, and scope as the following: Time: The duration required to complete the project and all associated sub-projects and deliverables. Cost: The total financial resources required to complete the project. This includes the cost of all resources, and the cost to complete individual work packages. DISCLAIMER: The next definition probably varies from source to source, however, this is my blog, and I will use knowledge that I've acquired over the course of my several years of formal education. Scope: The requirements and objectives that have been identified to determine what the end product is expected to accomplish. Photo Credit:  Cosmocatalano on Wikimedia | 2010 In a perfect world, time, cost, and scope would all be e...