Establishing Project Start and Completion Times

Bill Carmody discusses how to establish effective start and completion times in project management. He emphasizes understanding project objectives, stakeholder expectations, and using a responsibility matrix (RACI) to determine team roles and contingencies. The video also covers factoring in external constraints like deadlines and holidays, and adjusting timelines through trade-offs to meet stakeholder needs.

Explain the significance of understanding contingencies in project planning.

What trade-offs might be necessary to meet stakeholder expectations for project timelines?