Viewing posts tagged risk management
When a project has been established, a development company must consider two key questions. Do they have enough staff on hand to bring the project from start to completion while staying within the boundaries of time and budget? Furthermore, do they have the right staff to develop the software and manage the project? It's not uncommon for a company to struggle to meet such expectations. Likewise, staffing can be a major issue as there are usually more projects than there are "quality" developers. That being said, if the answer to either question is no, then it's time to look for help.
If you've ever sent out RFPs (Request for Proposals), you know about the wide range of bids that will come in response. Before you make a decision, there are a number of things to take into consideration when reviewing your options. The level of experience should be at the top of your list, followed by things like ethical practices, standards and behavior, organization, and timeliness. Such factors add to the differences in project estimates, but there's another factor that shouldn't be overlooked. The type of company bidding on the project can also make a significant difference on an estimate.
Project management best practices remind us that if we successfully initiate, plan, execute and close out all our projects, our metrics will illustrate greater results. While such a statement highlights the end goal, there’s much more to project management than simple methodology.