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Fighting Uncertainty in Organizations, Including Matrix Ones

Epicflow Blog

Beyond just time, buffers can cover finances, manpower, and more. When buffers are made visible, trust is crucial; without it, their presence can reinforce negative stereotypes, painting them as budget inflators rather than strategic tools. This chapter digs deeper into a powerful tool for mitigating their impact: buffers.

2016 52
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The Complete Glossary of 614 Project Management Terms

Workamajig

Audit: The process of analyzing a project to ensure that it is being governed as intended. Budget : The sum total of all the money allocated for a project. Budget at Completion (BAC): BAC is the sum total of all budgets established for the work to be performed. Note that the budget cost is not the same as the budget.

article thumbnail

Fighting Uncertainty in Organizations, Including Matrix Ones

Epicflow Blog

Beyond just time, buffers can cover finances, manpower, and more. When buffers are made visible, trust is crucial; without it, their presence can reinforce negative stereotypes, painting them as budget inflators rather than strategic tools. This chapter digs deeper into a powerful tool for mitigating their impact: buffers.

2016 52