Project Management is the art of delivering a scope at a certain level of quality with a defined budget and during a determined schedule. Successful project delivery can be achieved only with good project management practices. There are many consequences of poor project management due to the bad implementation of project management practices. There are […]
Tag: Project Cost Overruns
Project Cost Overruns – Reasons, How to Prevent and Manage
Companies initiate projects for several reasons. In a medium to large size organization, several departments might be working on different projects. The Project Management Office, also known as PMO, manages the initiation, execution, and successful project delivery in an organization. However, regardless of the influence of the PMO, project cost overruns are inevitable events that […]