Chapter 7. Cost management: Watching the bottom line
Every project boils down to money. If you had a bigger budget, you could probably get more people to do your project more quickly and deliver more. That’s why no project plan is complete until you come up with a budget. But no matter whether your project is big or small, and no matter how many resources and activities are in it, the process for figuring out the bottom line is always the same!
Time to expand the Head First Lounge
The Head First Lounge is doing so well that the guys are going to go ahead and open another Lounge near you! They’re renting a basement bar, and now all they need to do is renovate it.
When they start planning out what to buy, they want really expensive original retro stuff—the biggest bar they can find, and seventies textiles for the walls, floor, and upholstery, plus accessories—this is going to cost a lot of money...
Jeff: That bar is soooo cool! I can just imagine mixing up some crazy elixirs at parties!
Alice: Look. I know you want the new Lounge to look as good as the original, ...