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Shortcuts to success, 2nd Edition
book

Shortcuts to success, 2nd Edition

by Elizabeth Harrin
May 2013
Intermediate to advanced
242 pages
6h 40m
English
BCS, The Chartered Institute for IT
Content preview from Shortcuts to success, 2nd Edition

4 AGREE A BUDGET TOLERANCE

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A budget tolerance is a range within which you can spend without having to report back to your sponsor or ask for more money.

Budget tolerance is particularly useful at the end of a project as you near the delivery date. If you have a budget of £80,000 with a tolerance of 10 per cent and you complete the project for £85,000 you have still delivered within the parameters set by your sponsor. A budget tolerance of 10 per cent means you can deliver the project 10 per cent over cost without having to get special permission to do so.

NOT A PENNY MORE…

Peter McDonald, an engineer working in Wales, thinks back to his ...

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Publisher Resources

ISBN: 9781780171715Publisher Website