Project Justification

Leadbetter and Faster , the completion of the project gets delayed . To avoid this Leadbetter and Faster should train his fellow employees on their works and thereby smooth flow of the project would be ensured . Too much dependency severely affects the projects schedule and leads to serious consequences

Another important step in project management is project execution Project execution consists of cost accounting , progress measurement and variance tracking and change control , performance evaluation and productivity measurement . For every project management , it is imperative to gather expenditure data . If the companies document

their projects expenditure data properly , then they would be in a better position to manage their projects effectively . The company should start gathering the data as the project is executed and the actual expenditure should be compared with the project 's baseline

Moneysworth and Leadbetter did not intend to review and approve procedures for specifications and shop drawings . Being a head of the project , Moneysworth should interact with the members to get an idea about the progress of the project . If Leadbetter had the practice of reviewing the specifications , he would have come to know about the implications of change in specifications for the software he has written . As he is not accustomed to review the specifications , now unnecessarily his work burden has increased

Risk management is concerned with identifying risks and drawing up plans to minimize their effect on a project . Before starting the project work the company needs to identify various risks , such as product risk and business risk . Once the company identified the associated risk , then it should analyze its likely impact on the project progress . Thus , the company would be well placed to draw up plans to minimize and even to avoid the risk . The important step in the risk management process is monitoring the risk...