Controlling Project Costs: Anticipating and Planning for Contingencies

Bill Carmody emphasizes the importance of controlling project costs by investing time in upfront planning. He advocates for anticipating potential issues and creating contingencies before starting a project. By thinking strategically and considering various scenarios, project managers can better manage resources and minimize disruptions. Once a project is underway, it's crucial to control changes and ensure that initial plans are followed. This proactive approach allows for smoother project execution and cost management.

What strategies can be employed to minimize changes during a project?

Why is it important to anticipate unexpected events in project management?