While requested year round, we are approaching the time of year we get the most calls for budgeting information. Some are trying to spend efficiently what remains in their budget for the balance of the year, others are planning initiatives for next year.
With the economy in the throws of recession this year and only mission critical projects being pursued, we expect that 2010 will be a great year if we are presently at, or near, the bottom.
We find that sizing and budgeting information requests for critical new projects often include the following components:
- Scope Analysis
- Obstacle Planning
- Timeline Development
- Resource Requirements
- Project Costs
If you have an initiative you are planning for, consider all the aspects of your project and its life cycle in order to accurately develop a reliable budget and project plan.