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Dr. Doria Chege

Hi Eva and Class,

Thank you for your response and bring up the important of project management. I will add that it is important to have the goals and objectives clearly outlined, thereby ensuring that everyone involved understands what needs to be done, the time frame, and any other specifics, which can be discussed by having meetings as needed. One of the reasons that projects are delayed is when something was not done as expected and that in turn increases the cost, which is why it is important that nothing is lost in translation and is clearly researched and understood. Having realistic expectations and ensuring that project managers provide a realistic timeframe of completion is imperative; if not, it will result in additional costs. Using a Gantt chart can assist in the planning and tracking of the project. The project’s cost also includes financing, which means that if the project is delayed, the financing cost of the project increases and the anticipated revenue will not be generated as anticipated. Additionally, if there is a delay in one area, it can affect another area, which adds to the project’s final cost (Mark, 2018).

Class,

Have any of you used a Gantt chart? Take a look at one they can be helpful.

References

Mark, Stan. (2018). What are the key factors of project cost control? Retrieved from https://smallbusiness.chron.com/key-factors-project-cost-control-71889.html

16 hours ago, at 7:12 PM