Accurately estimating future costs of a project is crucial in the project planning phase because it helps accurately predict a project’s benefit. In my experience there are three major common cost categories:
Fixed Costs
Variable Costs
Operating and Maintenance Costs
Fixed Costs
Fixed costs are costs that do not vary with the output of production. For example, if a software [...]
While reading Project Scheduling and Cost Control, by James Taylor, one thing that stuck out for me was how it is critical to update a project’s schedule no matter what type of network diagram or chart you decide to employ. It never really struck me as an issue because I haven’t worked on “huge” time [...]
Work breakdown structures are extremely useful way to simplify complex tasks that need to be accomplished in a project by their individual components. They can also be combined with scheduling data to generate a Gantt chart (the end result is something similar to the Microsoft Project interface). The United States Department of Energy’s official definition [...]
Fred Engel is a technology entrepreneur that has sold a business and taken another public. He’s currently starting a new green technology venture that centers itself around reclaiming lost energy efficiencies in commercial building’s HVAC systems. His systems analyze feedback from the building automation systems using software to help building owners achieve cost savings through reduced [...]
I used to work at MD Anderson Cancer Center where I developed web applications. Part of my job was to directly interface with customers and take their requirements and develop them into finished products. Our team of developers each had their own projects to work on, and could decide if they wanted to interface with [...]
A scope statement is a document that details a project’s deliverables and describes it’s major objectives (Wikipedia). This document is essentially a high-level overview of what the entire project will encompass (including what it will not cover).
In order to develop a project scope document, certain key pieces of information need to be discovered. These include [...]
The biotech industry is notoriously hard to fund a startup when you have little to no proven successes. Capital is hard to come by when it may take $1B over 15 years before the investors start to see any returns if the product is approved for the intended use. Here we will examine a hypothetic [...]
I recently read a case study for a small and growing business called UndergroundHipHop.com I obtained from Ivey Publishing.
UndergroundHipHop.com is a company started by a college undergrad student in his dorm room. The company started out as a project of passion that lead to a large online community that all had interests in underground hip hop music. [...]
If you’ve been unlucky enough to be given an 0×8007232B error when you’re trying to activate your Windows operating system, you know how frustrating it can be.
The simple fix for this issue is to find the link to change your product key (on Server 2008, right click on the computer icon, then choose properties and [...]
I’m currently setting up a development server with Windows 2008 64-bit on it and the drivers for my Linksys LNE100TX weren’t working (even from the disk!). After a few hours of searching, I found a post on the Linksys support forums that provides an answer:
Hello Everyone.
I’m sure many of you are as frustrated as I [...]
Work breakdown structures are extremely useful way to simplify complex tasks that need to be accomplished in a project by their individual components. They can also be combined with scheduling data to generate a Gantt chart (the end result is something similar to the Microsoft Project interface). The United States Department of Energy’s official definition [...]
A scope statement is a document that details a project’s deliverables and describes it’s major objectives (Wikipedia). This document is essentially a high-level overview of what the entire project will encompass (including what it will not cover).
In order to develop a project scope document, certain key pieces of information need to be discovered. These include [...]
The biotech industry is notoriously hard to fund a startup when you have little to no proven successes. Capital is hard to come by when it may take $1B over 15 years before the investors start to see any returns if the product is approved for the intended use. Here we will examine a hypothetic [...]
I recently read a case study for a small and growing business called UndergroundHipHop.com I obtained from Ivey Publishing.
UndergroundHipHop.com is a company started by a college undergrad student in his dorm room. The company started out as a project of passion that lead to a large online community that all had interests in underground hip hop music. [...]
Many things go into knowing your target market which can be summed up if you know the four P’s: product, price, place, and promotion. Every company needs to at least have a very general idea about these categories before going to market or they’ll be sorely unprepared should any unexpected situations occur. This goes for [...]
Ramon Ecung II, BS, ACHDS, MCP - Boston, MA
Welcome to my blog! This is where I share my musings on topics ranging from law to personal motivation to technology.
My passions in life are learning and creative expression. My talent is working with technology. This website is the intersection of those forces.
