Financial management/budgeting. Managing budget is a huge challenge for project managers – especially on large, long-term engagements where unchecked, slow, scope creep can eat through a budget almost undetected. That’s when you find yourself three months from go-live with no money left. Try telling a customer that you need more money and see how that sits with them. I’ve had to – and I was monitoring the budget closely. It was with a very large government agency and they were not happy. As the project manager, the best thing you can do is ensure that the budget is closely monitored; that it is in the project team’s, and the customers’, faces at every status meeting. This can be part of the weekly status report and meeting discussion or as a separate weekly report...