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. In case of wrong project management practice implications, there will be severe consequences of poor project management. 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, there are several departments working on different projects. The Project Management Office, also known as PMO, manages the initiation, execution, and successful project delivery in an organization. However, project cost overruns are an inevitable fact that happens in every organization. We will […]