The Ultimate Project Manager Checklist for FinTech p.4
God, what a hectic week I had! A few hard meetings with the different Swiss banks, I thought I’ll die under pressure, but all is ok.
Let’s proceed with my checklist.
Define the Direct Costs
Such costs are directly attributed to the project and charged on an item-by-item basis.
- Labour (people) costs.
- Consultant/ subject matter experts fees.
- Raw material costs.
- Software licences.
- Travel costs.
Define the Indirect Costs
These costs represent resources that benefit more than one project, and only a part of their total cost is charged to the project.
- Telephone charges.
- Office space rent.
- Office equipment costs.
- General administration costs.
- Company insurance costs.
Don’t forget about the Contingency Reserve
Reserve a space to your project to cover risks. It’s a percent of the total project cost and time.
Create a Resource Allocation Plan
The resource allocation plan is an important part in the efficient management of scarce resources. Usually organisation’s resources include people, equipment, materials, knowledge, and time.
Determine what resources are available for the project, now and in the future. List the type of resources you needed and the timing. Your resource plan must be flexible enough to adjust as further occurring changes.
A Resource Plan clarifies:
- The number of resources required per project activity.
- The timeline for consuming these resources.
- Detailed resource utilisation schedule.
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