Project managers are constantly facing challenges that threaten the success of the projects they lead and the teams that they manage. My list of those challenges based on over 20 years of leading tech projects is never-ending, but I’ve narrowed it down to five for the purpose of this blog. As you read, please consider your own challenges to share and discuss.
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...
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...
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