Noting is free in this world, specifically for project manager. He need to watch the project cost carefully to stay within budget. Few tips for effectively manage the cost in a project: 1) Proper cost measurement: The project cost is not calculated properly due do underestimated the number of hours a project would take, lower the price and make the sale, client tries to reduce the project cost. Project manager need to take extra care in estimating project cost. As a project manager need to manage the triple constraints of the project management. For a project needs to be successful, these factors needs to be balanced. If you lower the cost you will get low quality deliverable, un-skilled resources and not meeting client expectation. 2) Choosing right people: Not everyone is right for every task. Even though you try to hire well-rounded team members, there will always be areas where one outperforms the rest. Know your team’s strengths and weaknesses. Be fami...
We will either find a way, or make one.