Project Management Stack Exchange
Project Management Stack Exchange

Questions tagged [budget]

An estimate of income and expenditure planned for a project.

A Budget is an estimate of income and expenditure planned for a project.

51 questions
18
votes
4 answers

Budgeting in an agile project

I'm really confused on how agile projects are budgeted for cost and effort before the project starts. Cause the user stories are never completely discussed and estimated as a practice in agile. So if we do a guess and arrive at a number of story…
user3189851
  • 183
  • 1
  • 5
16
votes
5 answers

In Scrum, who is responsible for the project's budget?

I have read many books about Scrum, blogs and academic articles. Though, all of them dodge from explicitly acknowledging this question: Who is responsible for the project's money? Why is this person responsible versus someone else?
Pomario
  • 362
  • 1
  • 3
  • 11
13
votes
5 answers

Justifying a Project Manager

I work at a small company our development team is just me and a jr. developer. We just hired another intern. I'm having a hard time justifying to my boss that we need a project manager. What are some valid monetary reasons for having one? He…
chrisjlee
  • 1,699
  • 2
  • 15
  • 24
12
votes
8 answers

A project manager should know how much his/her project members earn monthly?

A project budget includes fixed and variable costs. In most cases (especially in weak matrix and pure functional organizations) salaries of project members are variable costs. In order to calculate project budget the project manager has to know the…
yegor256
  • 7,020
  • 4
  • 26
  • 50
9
votes
17 answers

What is the main factor that makes your project not meet its goals most of the time?

What is the most common problem you face regularly and how you can avoid it? I wonder if we, as a community, will agree on the same thing? I ask for some short answers (just in a few words) to share our experience.
Simon Boulanger
  • 688
  • 6
  • 15
9
votes
3 answers

How to estimate a project budget using story points?

Current workflow in our company: I create Given/When/Then scenarios or User stories Developers estimate Scenarios/User stories in hours, by giving minimum and maximum amount of time for 1 scenario/feature Client approves/declines the budget I…
Ruslan Doronichev
  • 1,141
  • 2
  • 10
  • 20
9
votes
2 answers

How do you plan for risks in your project's estimates?

I have been working on the risk-management topic in software development for a while. According to the different literature there could be knowns knowns (typical risks), known unknowns (product related risks), and unknown unknowns (black…
Ruslan
  • 344
  • 1
  • 10
6
votes
5 answers

My boss says a Senior PM should show more commitment

As a PM I am working with a team and I almost always define our times, however, sometimes my boss stipulates a deadline to the presentation, and even when I discuss it with him he explains the project won't be on budget if we don't get it on…
apacay
  • 623
  • 1
  • 5
  • 10
6
votes
2 answers

Who pays when actuals exceed pessimistic estimates?

Scenario: A Developer estimates between 70 to 100 hours for a task. Due to the urgency of the task and the developer's unavailability, a far less experienced developer is assigned to the project. The new developer takes 200 hours to complete the…
Ray
  • 247
  • 1
  • 6
5
votes
4 answers

Trying to develop a Project Health Check tool - How can I show the Health of a Project in Dollars and Hours?

My projects generally have 6 areas (Engineering, Fabrication, Assembly etc). Each area has been allotted a budget for a particular project (dollars and hours). Every week, I get a report on how much we spent (in dollars and hours) in each area on…
Arun
  • 51
  • 1
5
votes
4 answers

How to Give Better Estimations to Customers

We are working in an environment where customers give us thick requirement documents and they expect the technical team to do an estimation on the whole requirement. Once they receive our estimates, they can approach the budget team to ask for the…
zfranciscus
  • 513
  • 2
  • 11
5
votes
4 answers

Project constantly running into problems, so how does a PM manage the consistent budget impacts?

With a certain project, I reconcile on a weekly basis to determine its performance, i.e. if estimates are being adhered to or not. Issue: Every week, the team faces a new issue that wasn't accounted for (risk planning) and the issue obviously hits…
Ray
  • 247
  • 1
  • 6
4
votes
4 answers

Is there a difference in methodology between low and high budget projects?

I ask the question since I'm a relatively new PM (less than 3 years). Currently, the project budget I deal with are around the $250K mark with a 4-6 month timeline (our hourly rate is $250/hour). Now I see some projects that fall under the $1…
TechWire
  • 481
  • 2
  • 14
4
votes
9 answers

Should a project Manager include his own cost when costing a project?

Should a project Manager include his own cost when costing a project? I have included the cost of resources I have hired to work on the project, but should I include my own cost to the business in the resource costs?
Oli
  • 41
  • 1
  • 2
4
votes
2 answers

Database of project proposals

In academia we constantly need to write project proposals and apply for funding. Sometimes it helps to read what others have already tried or written in order to learn from them. I wonder whether there is somewhere a repository or database of freely…
Open the way
  • 143
  • 4
1
2 3 4