Project Schedule and Budget

0 Once you've defined your WBS in detail, you should be able to develop a realistic schedule.

0 If you have project management software available to you, this is a good time to input your tasks and schedule into the program to allow the software to assist you in creating a schedule and identifying the critical path.

0 Budgets can be developed by adding the cost of all tasks plus any administrative costs or costs that apply across the project that cannot (or should not) be attributed to any one particular task.

0 Be sure to include the cost of training, compliance, and any other auxiliary project costs.

0 Avoid padding your estimates. Instead, create accurate estimates then use a "management reserve" to adjust your schedule or budget.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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