12
votes
Lately discovered requirements in Scrum
If a requirement is discovered in the middle of a project or even later, then the cost of implementation of this requirement can be very high.
In this statement you are saying that the cost of change ...
- 19.6k
10
votes
How to finance non-programming activities when clients don't want to pay for these activities?
Stop work immediately and get the work under a contract. Get a detailed Statement of Work that clearly identifies what is getting delivered, what activities will take place, what finished looks like, ...
- 37.2k
9
votes
How to finance non-programming activities when clients don't want to pay for these activities?
Stop billing them for the activities they complain about and roll the costs into what they are willing to pay for (deliverables). You're not cheating them--you're not burdening your clients with the ...
- 91
6
votes
ETC calculation including SPI
The issue with using formula is that it will provide an extremely precise, deterministic value that lives in a range of probabilistic values. Although extremely precise, no single formula will give ...
- 37.2k
6
votes
What can I do when I can't adjust scope, resources, or schedule and a team member wants a raise?
TL;DR
Your job as a Product Owner (PO) or Project Manager (PM) is not to have all the answers. Your job is to have a vision, and to communicate options to stakeholders and business decision-makers.
...
- 50.7k
6
votes
Lately discovered requirements in Scrum
Prioritisation, continuous delivery and review is the way to control delivery risk for any software development, not just when using Scrum. I can't agree with the first sentence of your question ...
- 6,340
6
votes
Lately discovered requirements in Scrum
You say:
If a requirement is discovered in the middle of a project or even later, then the cost of implementation of this requirement can be very high.
This can be true or can be false. It depends ...
- 15.4k
4
votes
Accepted
How does the public sector estimate the cost of large-scale infrastructure projects?
The U.S. GAO has developed a 440 page guide for cost estimation of Capital Programs
Here is the GAO (Government Accountability Office) Cost Estimating and Assessment Guide - Best Practices for ...
- 11.1k
4
votes
Project costing & preparation
With this kind of situation, the only quote I would provide is an hourly cost, my weekly availability, and maybe my total duration I'd be willing to commit.
In other words, time and materials. If ...
- 37.2k
4
votes
Who pays for the development/maintenance of the components/framework?
In my view, any necessary labor that was exhausted in order to build the finished product or provide a service deliverable would be chargeable to that project as a direct expense. The test would be, ...
- 37.2k
4
votes
Accepted
What if a client doesn't accept/agree with a change request?
It becomes a contract dispute. As the PM, you would escalate the dispute based on however your company defined its escalation process. Most likely, you would raise it internally through your ...
- 37.2k
4
votes
Lately discovered requirements in Scrum
From a sequential perspective, the idea that a requirement that is discovered later in the project is likely to be more expensive to address. Similarly, a defect found late after origination is also ...
- 19.8k
4
votes
How to estimate scaling up costs of a project?
I think there are some fundamentals you're missing about app development, product development, etc.
I recommend getting familiar with something like Lean methodology (https://www.interaction-design....
- 141
4
votes
How to estimate scaling up costs of a project?
Let's split your question into several pieces;
Startup costs: You put a budget and try to fit into that. There's no math behind "how much minimum budget is needed for my product idea?". ...
- 562
3
votes
Under what circumstances should a software vendor be allowed to increase charges due to unforeseen complexity?
TL;DR
Contract disputes are a way to manage financial risk to the company, not schedule risk. As a purely practical matter, you can't really transfer schedule risk away through contractual means, no ...
- 50.7k
3
votes
Cost management without time tracking in Scrum
If you need to track costs, track it at the Scrum Team level rather than at the individual level.
A simple way to do this is to take a blended cost per person and multiply it by the number of people ...
- 19.6k
3
votes
In Scrum, should we be billed for defects and unplanned activities?
TL;DR
Yes. Under your current contract and within your current process, you should pay the vendor for all work completed. Unless you have a fixed-price, fixed-scope contract, all the problems you've ...
- 50.7k
3
votes
A project manager should know how much his/her project members earn monthly?
This situation is unfortunately more common than logic would suggest. It all arises from the projects culture, in general when transparency is part of the business culture, and of course there is a ...
- 131
3
votes
How to finance non-programming activities when clients don't want to pay for these activities?
Is the "upper management" your management or theirs?
If yours, you need to have a discussion with them that makes absolutely clear that treating all "non-programming activities" as non-essential ...
- 310
3
votes
What can I do when I can't adjust scope, resources, or schedule and a team member wants a raise?
Let's simplify your question down. Feature A is expected to cost $X to deliver and in reality costs $1.2X to deliver. This can be because of a raise, inflation, change in needs, or a ton of other ...
- 16.9k
3
votes
Pricing risks when developing a project's budget
You need to calculate risk exposure for each of the identified risks then compute a work buffer to cover them. This is part of the Risk Analysis and Management practice.
Since this is a fixed price ...
- 15.4k
3
votes
How to ask a developer for the cost of building my website?
David Espina expressed it very pragmatically in his comment "Can you provide me a quote for this work?" The fancy name for that is a Request For Proposal.
That's a document that outlines the ...
- 15.4k
3
votes
Launching average mobile app on-time vs delayed launch with high-quality app
Launch the MVP, if it does the job
Welcome to pm.stackexchange!
You would have made many assumptions about what the users need and how they will use your product. These assumptions need to be ...
- 11.1k
3
votes
What if a client doesn't accept/agree with a change request?
If your operating model involves detailed scope and change management then ultimately that comes down to negotiation. As in any negotiation, you can win some things and lose others. If you think you ...
- 6,340
3
votes
How can we give customer better estimates for delivered work and estimated hours next month?
You don't need to forecast anything about the work or delivery plans to determine the cost.
If you have stable teams and fixed-length iterations, you should be able to calculate the cost easily. You ...
- 19.8k
3
votes
How can we give customer better estimates for delivered work and estimated hours next month?
[O]ur customer wants a better estimate of how much money will be spent the next month[.]
If you're doing iterative delivery using fixed-length Sprints or even the Kanban Method with stable cycle ...
- 50.7k
2
votes
What are differences between Cost Plus Award Fee and Cost Plus Incentive Fee Contract?
FAR Definition of Incentive and Award Fees
Scroll down to Section 16.4.
These two types of fee structures are essentially the same thing except for the criteria of the fee. The FAR differentiates ...
- 37.2k
2
votes
How do I calculate a project management fee on my design projects?
The cost of managing a project is typically a range of the total cost of the project and is very industry dependent.
For example, your industry may suggest that PM and PM control costs will be 15% ...
- 37.2k
2
votes
What is 'overhead' in a research project budget?
I will try myself at this answer.
Basically, "overhead" can have two meanings:
Negatively connoted: When negatively connoted, overhead describes excess and UNNECCESARY effort or costs, that incure ...
- 21
2
votes
How to manage cost of change / impact analysis with no funding?
Part of every project, no matter its size or complexity or industry, there is some level of effort--hours, dollars, people, tools, etc.--allocated for the pure purpose of managing the project. This ...
- 37.2k
Only top scored, non community-wiki answers of a minimum length are eligible