Project Costs
To secure project success a field-tested and proven approach, considering the following three major facts is needed:
- Costs
- Time
- Results
Especially in the concept phase these three factors are of significant importance. The influence in relation of time and costs of the project are very high at this stage.
Many factors affect the estimation:
- Productivity teams over the time,
- Stress and qualification of the employees,
- Delays on the critical path,
- General availability of resources.
During the concept phase key setting of the direction provides the basis for a successful project result and project budgeting.