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It's nearly impossible to plan for every minor detail of a project - so as the project progresses the costs increase as "forgotten" aspects are remembered. Also, most projects suffer from feature creep. other possibilities include the time and inflation factor-if a project lasts a long time or longer than anticipated,the costs involved of staffing,raw materials,etc may increase due to inflation at an unexpected rate.Secondly, a machiavellian project manager may hope that a project might be approved if the true cost is under-estimated then once the project is underway claim that unexpected costs have arisen- but it would be a pity not to proceed given the existing investment.

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Why are projects created?

Projects often originate from sources external to the project, such as a sponsor or a project management office; internally or externally, by an enterprise or a government agency. A project may originate as a result of one or more of the following categories of reasons:Business/Legal RequirementsMarket OpportunitiesProblems/IssuesEcological ImpactSocial Needs


What are some examples of change management projects that have successfully implemented strategies to navigate organizational transitions and ensure smooth transitions for employees?

Some examples of successful change management projects include implementing new technology systems, restructuring organizational hierarchies, and merging with another company. These projects often involve clear communication, training programs, and employee engagement initiatives to help employees adapt to the changes and ensure a smooth transition.


What is a business project and how does it differ from other types of projects?

A business project is a specific task or objective undertaken by a company to achieve a desired outcome, such as launching a new product or improving operational efficiency. It differs from other types of projects in that it is focused on achieving business goals, such as increasing revenue or market share, rather than personal or academic objectives. Business projects often involve multiple stakeholders, resources, and timelines, and are typically guided by a strategic plan or business case.


What are the characteristics of sub-project?

They are divisions made within a single project to facilitate ease of management. They are often divisions based on a specific model an organization uses, although there is no specific correct way to create sub-projects.


What are the disadvantages of being an administrative assistant?

One key disadvantage to being an administrative assistant is being tied down to your desk. There is often no room for advancement. You will always be a subordinate to your boss or those you assist administratively.

Related Questions

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It is often the case that wars do last longer than originally planned for a multitude of reasons. However, if it were possible to provide a specific and fixed answer to your question, then the length of a war would never be underestimated in the first place.


How much longer does a war last than planned?

It is often the case that wars do last longer than originally planned for a multitude of reasons. However, if it were possible to provide a specific and fixed answer to your question, then the length of a war would never be underestimated in the first place.


Is Downsizing often used by organizations for the planned elimination of jobs?

yes!


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Never is to Seldom as Always is to?

Often


Where can one purchase replacement parts for a Chevy Avalanche?

The Chevrolet dealership where the car was originally purchased is the best place to buy parts because they are always genuine and often come with some kind of guarantee. Parts not available from a dealership can always be purchased online from trusted retailers like Amazon.


What part of speech is the originally?

The word originally is an adverb. You can easily spot adverbs as most of them end in -ly.


What is a planned effort to shape people's ideas?

Propaganda is a planned effort to shape people's ideas by spreading information or arguments to influence their beliefs or actions. It is often used to promote a particular political agenda or to manipulate public opinion.


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DNA or genes which are not originally part of an organism that receives them are often referred to as?

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