Project management ip 4 Essay Example | Topics and Well Written Essays - 500 words

Project management ip 4 - Essay Example Every project should be easily accessible, this is because investors are very busy people. Therefore, they may not want to waste a lot of time. In connection to this, it is advisable that before a company decides they best place to locate a project, they have to make sure that it can easily be accessible (Van de Vaar, 2012). For any kind of project to begin, all the materials should be available and they cost known. This is because investors like knowing a rough estimate of the project. In connection to this, it is necessary that before the meeting all the estimated costs of the materials should have been known (Alonso, 2009). Some projects needs a lot of money for them to be completed. In regards to this, it is not easy estimating how much a project will cost. However, it is recommended that the project team should be able to put a rough estimate of the project. Since the meeting is coming earlier than planned, the project team members can look at some of the projects which are similar to the one they are intending to put up so as to have a rough estimate of the project (Brent, 2012). One of the factors that leads to successful completion of a project is human resource. The project team should ensure that they have identified various personnel who will work on the project. This is because the senior executives would like to know whether the project will be finished on time or not (Alonso, 2009). In opportunity analysis, the total cost of the project is a very important factor to be given priority over the rest of the other factors. As a result, much of the resources should diverted towards knowing how much the project will cost. While, the resources allocated for identifying the location of the project can be minimized (Brent, 2012). Allocating more resources towards estimating the cost of the project will affect many things. For example,