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You’ve completed the first three elements of the course-long project, and you’re preparing to submit the Gantt Chart this week, but have you given thought to the budget? Have you really given thought to your budget, or did you just slap some numbers together to make your Project Charter look pretty?
Relying on concepts in The Idiot’s Guide to Project Management, review the budget you presented in your project charter. Given that you have now identified tasks, duration, and resources, how realistic is it? Will you be forced to make major changes to it? Focusing on the Time Value of Money, how are you preparing to control costs?
Remind your classmates of your project and your proposed budget. Then answer these questions and add your own insight.
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