Scope Creep

A prior project involving Scope Creep included the Project Manager (PM) retiring. The PM is the essential part of project, and they often have vital information that isn't privy to anyone else. There should always be a backup and everyone should be on the same page as far as information and technical issues or concerned. Information such as missing and archived reports was an issue along with programming skill set and training. There wasn't any documentation or additional members on the team with similar knowledge or from similar backgrounds. Needless to say, this project came to a halt, and had to be reevaluated by Management because years of working knowledge were no longer available, causing major delays. There wasn’t a backup plan, and after much deliberation management decided to go with software altogether which didn’t require any coding and was user friendly.

Estimating Project Cost | My Management Guide MyMGProject cost management allows addressing the identification, ... An Opportunity Cost is a cost associated with an opportunity of a choice for the project. ... It is used to calculate and compare resources. Project cost estimates ... The process focuses on finding and allocating optimal costs for the project. ...
www.mymanagementguide.com/.../project.../cost.../estimating-project-cost/

Guidance for cost estimation and management for highway projects ... - Google Books ResultStuart D. Anderson, Keith Robert Molenaar, Cliff J. Schexnayder - 2007 - Technology & Engineering - 97 pages
Tips Choose delivery methods that better align goals and that allocate risk properly. ... Similar costs from the reference project are used to estimate ...
books.google.com/books?isbn=0309098750...

Economic Analysis (Major Automated Information System (MAIS) only)An economic analysis is normally associated with Major Automated Information System ... of choosing the best method of allocating scarce resources to achieve a given objective. ... Business, Cost Estimating, & Financial Management (BCEFM) Related Topics ... ID, 28897. Date Created, Tuesday, April 19, 2005 10:43 AM ...



Project Cost ManagementAnalogous cost estimating is frequently used to estimate costs when there is a limited ... data and other to calculate a cost estimate for a schedule activity resource. ... These include cost for materials associated with the project, ...
www.slideshare.net/m_elashri/project-cost-management - Cached - Similar