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Tag Archives: budgeting

The Ins and Outs of Budget Planning within Project Management

Budget planning takes your project management to a different level of efficiency and transparency. Research conducted by McKinsey & Co. and the University of Oxford reveals that half of all large IT projects run 45 percent over budget and seven percent over time. These overruns occur while delivering 56 percent less value. Yikes! Many of…

Budgets Off Track and Out of This World

New York City accountants recently discovered that project budgets for a new train platform were seven times more expensive than comparative projects in similar cities worldwide. The New York project had 200 extra heads, not working, but apparently being paid $1,000.00 per day. How does a project get approved with this much excess cost? According…

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