As many of you are already aware, projects often run into three major interrelated constraints: time, cost, and scope. Whichever...
Avoiding sunk cost syndrome on your project
One of the hardest things to do is to stop wasting money and resources on a losing proposition. The fact you have spent several months and...
The cost benefit of project team members
Measuring work performance is vital to ensure we are making good decisions. Indeed, there is an old saying: “If you can’t measure it,...
Reversing the management view of project costs
The simple fact ignored by most accountants, general management and project managers is that cost is an output from the management...
Project costs in translation
Project managers are expected to complete a project within budget, and to do this they monitor actual cost reports against planned budget...