Tag: Risk and Budgeting
The True Cost of Poor Planning – Budgeting Pitfalls Every Project Manager Must Avoid
Budgeting is more than just crunching numbers—it’s the foundation upon which successful projects are built. Yet, project cost overruns are one of the leading causes of project failure. A well-structured budget serves as a roadmap, guiding financial decisions and keeping teams on track. But when budgeting goes wrong, the consequences can be severe—delays, scope reductions,…