11Chapter one: Redening projects
as the mere fact that work is occurring on the critical path changes its
implications: a minimum-wage laborer performing work on the critical
path can cost the project and the organization more than a Nobel laureate
physicist working off the critical path! We discuss this extensively when
we get to critical path scheduling and the new concepts of the drag cost
and the true cost (TC) of project activities.
One item to which most nance departments pay a great deal of atten-
tion is overhead. Indeed, this is very important, as overhead is an element
in what an engineering executive of a large aerospace contractor that I
used to work with referred to as marching army costs. As long as the army
is marching, it ...