In Part 1 of this five part series on managing projects smarter we discussed the concept of having the project customer work for you. I introduced you to my AIM process: Assign, Inform, Manage…basically a way to keep the customer working on tasks that are relevant to the project and to keep them engaged and working with you at the same time. If we don’t do this, some customers seem to disappear into the woodwork, going back to their daily routine while you do the work and can’t seem to gain access to them when you need decisions or information….or that all important signoff on a deliverable.
In this Part 2, we’ll look at one of those things that many project managers either hate to do or are not very good at….managing the project financials. It doesn’t take too much to do it right, but if you work smarter, not harder, you can often get your project team members to help you keep that budget in line with the expectations for the project. Ok, the title is a little over the top – we’re never actually going to let the team manage the project budget – but if we work smarter, then we can change the way they manage their work and in turn they will be helping us keep the project financials in line. How? Let’s examine…
In this Part 2, we’ll look at one of those things that many project managers either hate to do or are not very good at….managing the project financials. It doesn’t take too much to do it right, but if you work smarter, not harder, you can often get your project team members to help you keep that budget in line with the expectations for the project. Ok, the title is a little over the top – we’re never actually going to let the team manage the project budget – but if we work smarter, then we can change the way they manage their work and in turn they will be helping us keep the project financials in line. How? Let’s examine…
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