Project Management Accounting: Budgeting, Tracking, and Reporting Costs and Profitability, Second Edition

Risk to Your Reputation

Someone once said “it takes a lifetime to build a good reputation and only a few moments to destroy it”. With this in mind, the objective here is to preserve your reputation. Project managers are essentially consultants, even when they are direct employees of a company. Project managers transfer their acquired knowledge and experience to the application of accomplishing a goal, in this case for the purpose of successfully completing a project. In the end it will be about you interacting with many different people. The expectations of those who hire you and of those who have to interact with you will determine whether or not you will get hired and successfully meet your objectives, respectively. Accordingly, your reputation will precede you. It is also important to not lose sight of the fact that in the process of consulting you are giving time out of your life to a project. The waste of that time is no trivial matter.