Every project manager is faced with the problem of how to estimate what it will take to accomplish the project's objectives. Estimating the time, cost, and resource is never simple, and the higher the stakes become, the more anxiety the estimate is. In order for the project planning, scheduling and controlling are to be effective; project manager must employ the methodology to accurately estimate time, cost and resources (Gray & Larson, 2005) One of the …showed first 75 words of 1448 total…

…showed last 75 words of 1448 total…one trained staff member training while the other one is entering data. Conclusion Any project needs to have a budget for expenses, time schedules and personnel requirements. Without these budgets, a manager can not evaluate the project to see if the project conforms to the company's mission and goals. The budgets also allow the manager to allocate resources as the project goes along so that it can be completed as efficiently and effective as possible.