At this point in the book, we've talked about several essential components of meetings: agendas, parking lots, facilitation, meeting notes, and so on. Because a key component in managing a project is time, I want to focus on managing your time during the meeting. It's easy to forget the cost of conducting a meeting.
We've probably all heard the old cliché "time is money". It's very true, and meetings are a perfect example.
Let's say you're a part of a project team that has seven other members (eight total). For the purposes of simple math, each person makes $50,000/annually. This doesn't include the cost of benefits. The total compensation for the entire team is $400,000 ($50,000 x 8).
The project plan ...