O'Reilly logo

IT Project Management, 2nd Edition by Joseph Phillips

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

4.7. Determining Project Expenses

On the surface, it's easy to predict what a project will cost. Take the hardware required, add it up, and there's the amount needed, right? We all know it's not that easy. There are other factors involved in predicting the cost of a project.

When predicting the project expenses, a project manager has to look at employees, the combination of employees working together or alone, hardware expenses, the determined scope of the project, and the necessary hardware to implement the plan. The total of these variables make for long planning, calculating, and educated guesses as to the expense of a project. Careful planning and experience are the two best ingredients for cooking up an accurate budget.

4.7.1. The Cost ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required