Thursday, April 21, 2016

The evolution of cost management

  • In the beginning, cost often matters most*: the greatest amount at stake and the most politically sensitive parameter understandable by all, specialists and lay persons alike
  • In the middle, cost often takes a comparable priority to function; function has been promised and people have begun to count on it; there's less cost remaining at stake
  • In the end, cost is set aside as the schedule and function dominate. Success in a functional sense takes on a political priority ... functional failure is easiest to measure and has the longest effect on reputation
* Especially if the project is publically funded with taxpayer dollars.

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