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By Jeff Davidson

The ten Minute consultant to venture administration bargains basic, sensible aid for busy those who want speedy effects. via goal-oriented, 10-minute classes, you study all of the abilities you must get even the main complex initiatives out of the gate and headed for the end line!

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Potentially, a highly detailed, reasonably accurate compilation of costs can be achieved using this method. The danger is that if the project manager does not include all cost elements of the project, then the cost estimate understandably can be off by a wide margin. " In addition, if project management staff suspects that top management is on the lookout to cut budgets, then they may resort to overstating their case. This results in the project manager presenting a sum to the higher-ups that is larger than would otherwise be derived.

Crucial items on order may not arrive on time. ● Deliverables that you do prepare on time may be delayed by committees that have to go through various approval procedures. Meanwhile, you have a project to run and can't or don't want to spend the time waiting for committee members to get their act together. CAUTION Even when deliverables are not the issue, there may be delays when you simply need to have a yes or no answer. Key decision makers may be unreachable or too bogged down with other issues to get back to you in what you consider to be a timely manner.

For these reasons, I advocate that the project management function of a project be included in the work breakdown structure. Internal Resources Versus External Resources As arduous as it may seem, constructing a WBS is relatively easy when all of the resources are internal, such as your staff, equipment, and other component supporting project efforts. What about when you have to rely on external resources, such as outside vendors, consultants, parttime or supplemental staff, rented or leased facilities, and rented or leased equipment?

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