www.projectmanagement.com Open in urlscan Pro
2606:4700:4400::6812:2444  Public Scan

Form analysis
3 forms found in the DOM

<form id="pmi-mobile-search__submit"><input type="search" class="pmi-input pmi-input-search" placeholder="What are you looking for?"></form>

Name: dateSelect —

<form name="dateSelect">
  <select name="date" onchange="send(this.options[this.selectedIndex].value);" style="width: 210px;">
    <option value=""></option>
    <option value="10-01-2023">September 2023</option>
    <option value="09-01-2023">August 2023</option>
    <option value="08-01-2023">July 2023</option>
    <option value="07-01-2023">June 2023</option>
    <option value="06-01-2023">May 2023</option>
    <option value="05-01-2023">April 2023</option>
    <option value="04-01-2023">March 2023</option>
    <option value="03-01-2023">February 2023</option>
    <option value="02-01-2023">January 2023</option>
    <option value="01-01-2023">December 2022</option>
    <option value="12-01-2022">November 2022</option>
    <option value="11-01-2022">October 2022</option>
    <option value="10-01-2022">September 2022</option>
    <option value="09-01-2022">August 2022</option>
    <option value="08-01-2022">July 2022</option>
    <option value="07-01-2022">June 2022</option>
    <option value="06-01-2022">May 2022</option>
    <option value="05-01-2022">April 2022</option>
    <option value="04-01-2022">March 2022</option>
    <option value="03-01-2022">February 2022</option>
    <option value="02-01-2022">January 2022</option>
    <option value="01-01-2022">December 2021</option>
    <option value="12-01-2021">November 2021</option>
    <option value="11-01-2021">October 2021</option>
    <option value="10-01-2021">September 2021</option>
    <option value="09-01-2021">August 2021</option>
    <option value="08-01-2021">July 2021</option>
    <option value="07-01-2021">June 2021</option>
    <option value="06-01-2021">May 2021</option>
    <option value="05-01-2021">April 2021</option>
    <option value="04-01-2021">March 2021</option>
    <option value="03-01-2021">February 2021</option>
    <option value="02-01-2021">January 2021</option>
    <option value="01-01-2021">December 2020</option>
    <option value="12-01-2020">November 2020</option>
    <option value="11-01-2020">October 2020</option>
    <option value="10-01-2020">September 2020</option>
    <option value="09-01-2020">August 2020</option>
    <option value="08-01-2020">July 2020</option>
    <option value="07-01-2020">June 2020</option>
    <option value="06-01-2020">May 2020</option>
    <option value="05-01-2020">April 2020</option>
    <option value="04-01-2020">March 2020</option>
    <option value="03-01-2020">February 2020</option>
    <option value="02-01-2020">January 2020</option>
    <option value="01-01-2020">December 2019</option>
    <option value="12-01-2019">November 2019</option>
    <option value="11-01-2019">October 2019</option>
    <option value="10-01-2019">September 2019</option>
    <option value="09-01-2019">August 2019</option>
    <option value="08-01-2019">July 2019</option>
    <option value="07-01-2019">June 2019</option>
    <option value="06-01-2019">May 2019</option>
    <option value="05-01-2019">April 2019</option>
    <option value="04-01-2019">March 2019</option>
    <option value="03-01-2019">February 2019</option>
    <option value="02-01-2019">January 2019</option>
    <option value="01-01-2019">December 2018</option>
    <option value="12-01-2018">November 2018</option>
    <option value="11-01-2018">October 2018</option>
    <option value="10-01-2018">September 2018</option>
    <option value="09-01-2018">August 2018</option>
    <option value="08-01-2018">July 2018</option>
    <option value="07-01-2018">June 2018</option>
    <option value="06-01-2018">May 2018</option>
    <option value="05-01-2018">April 2018</option>
    <option value="04-01-2018">March 2018</option>
    <option value="03-01-2018">February 2018</option>
    <option value="02-01-2018">January 2018</option>
    <option value="01-01-2018">December 2017</option>
    <option value="12-01-2017">November 2017</option>
    <option value="11-01-2017">October 2017</option>
    <option value="10-01-2017">September 2017</option>
    <option value="09-01-2017">August 2017</option>
    <option value="08-01-2017">July 2017</option>
    <option value="07-01-2017">June 2017</option>
    <option value="06-01-2017">May 2017</option>
    <option value="05-01-2017">April 2017</option>
    <option value="04-01-2017">March 2017</option>
    <option value="03-01-2017">February 2017</option>
    <option value="02-01-2017">January 2017</option>
    <option value="01-01-2017">December 2016</option>
    <option value="12-01-2016">November 2016</option>
    <option value="11-01-2016">October 2016</option>
    <option value="10-01-2016">September 2016</option>
    <option value="09-01-2016">August 2016</option>
    <option value="08-01-2016">July 2016</option>
    <option value="07-01-2016">June 2016</option>
    <option value="06-01-2016">May 2016</option>
    <option value="05-01-2016">April 2016</option>
    <option value="04-01-2016">March 2016</option>
    <option value="03-01-2016">February 2016</option>
    <option value="02-01-2016">January 2016</option>
    <option value="01-01-2016">December 2015</option>
    <option value="12-01-2015">November 2015</option>
    <option value="11-01-2015">October 2015</option>
    <option value="10-01-2015">September 2015</option>
    <option value="09-01-2015">August 2015</option>
    <option value="08-01-2015">July 2015</option>
    <option value="07-01-2015">June 2015</option>
    <option value="06-01-2015">May 2015</option>
    <option value="05-01-2015">April 2015</option>
    <option value="04-01-2015">March 2015</option>
    <option value="03-01-2015">February 2015</option>
    <option value="02-01-2015">January 2015</option>
    <option value="01-01-2015">December 2014</option>
    <option value="12-01-2014">November 2014</option>
    <option value="11-01-2014">October 2014</option>
    <option value="10-01-2014">September 2014</option>
    <option value="09-01-2014">August 2014</option>
    <option value="08-01-2014">July 2014</option>
    <option value="07-01-2014">June 2014</option>
    <option value="06-01-2014">May 2014</option>
    <option value="05-01-2014">April 2014</option>
    <option value="04-01-2014">March 2014</option>
    <option value="03-01-2014">February 2014</option>
    <option value="02-01-2014">January 2014</option>
    <option value="01-01-2014">December 2013</option>
    <option value="12-01-2013">November 2013</option>
    <option value="11-01-2013">October 2013</option>
    <option value="10-01-2013">September 2013</option>
    <option value="09-01-2013">August 2013</option>
    <option value="08-01-2013">July 2013</option>
    <option value="07-01-2013">June 2013</option>
    <option value="06-01-2013">May 2013</option>
    <option value="05-01-2013">April 2013</option>
    <option value="04-01-2013">March 2013</option>
    <option value="03-01-2013">February 2013</option>
    <option value="02-01-2013">January 2013</option>
    <option value="01-01-2013">December 2012</option>
    <option value="12-01-2012">November 2012</option>
    <option value="11-01-2012">October 2012</option>
    <option value="10-01-2012">September 2012</option>
    <option value="09-01-2012">August 2012</option>
    <option value="08-01-2012">July 2012</option>
    <option value="07-01-2012">June 2012</option>
    <option value="06-01-2012">May 2012</option>
    <option value="05-01-2012">April 2012</option>
    <option value="04-01-2012">March 2012</option>
    <option value="03-01-2012">February 2012</option>
    <option value="02-01-2012">January 2012</option>
    <option value="01-01-2012">December 2011</option>
    <option value="12-01-2011">November 2011</option>
    <option value="11-01-2011">October 2011</option>
    <option value="10-01-2011">September 2011</option>
    <option value="09-01-2011">August 2011</option>
    <option value="08-01-2011">July 2011</option>
    <option value="07-01-2011">June 2011</option>
    <option value="06-01-2011">May 2011</option>
    <option value="05-01-2011">April 2011</option>
    <option value="04-01-2011">March 2011</option>
    <option value="03-01-2011">February 2011</option>
    <option value="02-01-2011">January 2011</option>
    <option value="01-01-2011">December 2010</option>
    <option value="12-01-2010">November 2010</option>
    <option value="11-01-2010">October 2010</option>
    <option value="10-01-2010">September 2010</option>
    <option value="09-01-2010">August 2010</option>
    <option value="08-01-2010">July 2010</option>
    <option value="07-01-2010">June 2010</option>
    <option value="06-01-2010">May 2010</option>
  </select>
</form>

POST //translate.googleapis.com/translate_voting?client=te

<form id="goog-gt-votingForm" action="//translate.googleapis.com/translate_voting?client=te" method="post" target="votingFrame" class="VIpgJd-yAWNEb-hvhgNd-aXYTce"><input type="text" name="sl" id="goog-gt-votingInputSrcLang"><input type="text"
    name="tl" id="goog-gt-votingInputTrgLang"><input type="text" name="query" id="goog-gt-votingInputSrcText"><input type="text" name="gtrans" id="goog-gt-votingInputTrgText"><input type="text" name="vote" id="goog-gt-votingInputVote"></form>

Text Content

Project Management

PMI Sites
 * Project Management Institute
 * ProjectManagement.com
 * Disciplined Agile
 * Brightline Initiative
 * Global Accreditation Center
 * PMI Educational Foundation



Join the Conversation on Artificial Intelligence

Register
Log In
Project Management


 * Webinars
   * Live Webinars
   * On-Demand Webinars
   * Earning PDUs
   * Tips For Attendees
   * Propose a Webinar
 * Templates
   * View All Templates
   * Deliverables
   * Project Plans
   * Presentations
   * Checklists
   * Propose a Template
 * Communities
   * Topics of Interest
     * Artificial Intelligence (AI)
     * Construction
   * All
     * Agile
     * Business Analysis / Requirements
     * Career Development
     * Change Management
     * Citizen Development
     * Communications Management
     * PMO
     * Risk Management
     * View All ...
 * Knowledge & Tools
   * Resources
     * PMChallenge
     * Processes
   * Education
     * PMI Kickoff
     * Podcasts
     * Techniques Wiki
     * PMUniversity
     * Earning PDUs
   * Reference Center
     * Books
     * Knowledge Shelf
     * PM Network
     * Projectified
     * ProjectsAtWork
     * White Papers
   * Contribute Content
 * Events
   * Upcoming Events
   * On-Demand Events
   * Contribute Content
 * More
   * Discussions
   * Blogs
   * Polls
   * PMwars
   * Headliners
   * Start a Discussion
 * Other PMI Sites
     
   * PMI Sites
     * Project Management Institute
     * ProjectManagement.com
     * Disciplined Agile
     * Brightline Initiative
     * Global Accreditation Center
     * PMI Educational Foundation


Apply Now
Search



 * Webinars
    * Live Webinars
    * On-Demand Webinars
    * Earning PDUs
    * Tips For Attendees
    * Propose a Webinar

 * Templates
    * View All Templates
    * Deliverables
    * Project Plans
    * Presentations
    * Checklists
    * Propose a Template

 * Communities
    * Topics of Interest
      * Artificial Intelligence (AI)
      * Construction
    * All
      * Agile
      * Business Analysis / Requirements
      * Career Development
      * Change Management
      * Citizen Development
      * Communications Management
      * PMO
      * Risk Management
      * View All ...

 * Knowledge & Tools
    * Resources
      * PMChallenge
      * Processes
    * Education
      * PMI Kickoff
      * Podcasts
      * Techniques Wiki
      * PMUniversity
      * Earning PDUs
    * Reference Center
      * Books
      * Knowledge Shelf
      * PM Network
      * Projectified
      * ProjectsAtWork
      * White Papers
    * Contribute Content

 * Events
    * Upcoming Events
    * On-Demand Events
    * Contribute Content

 * More
    * Discussions
    * Blogs
    * Polls
    * PMwars
    * Headliners
    * Start a Discussion



Other Search Options
 * People Search
 * Content Index
 * Advanced Search

PMBOK Guide®
A Guide to the Project Management
Body of Knowledge (PMBOK® Guide) -
Seventh Edition.
See Details
Home  >  Blogs  >  The Money Files  > 


HOW MUCH DOES IT COST TO CHANGE?

From the The Money Files Blog
by Elizabeth Harrin

A blog that looks at all aspects of project and program finances from budgets,
estimating and accounting to getting a pay rise and managing contracts. Written
by Elizabeth Harrin from GirlsGuideToPM.com.
accounting | agile | audit | benefits | books | budget | business case |
carnival | case study | change management | collaboration tools | communication
| competition | complex projects | consultancy | contingency | contracts |
corporate finance | cost | cost management | credit crunch | debate | earned
value | estimating | events | FAQ | financial management | forecasting | future
| general | green | interviews | it | leadership | measuring performance |
methods | metrics | multiple projects | negotiating | news | organization |
outsourcing | pmi | PMO | portfolio management | process | procurement |
productivity | program | project closure | project data | project testing |
qualifications | quality | records | recruitment | reports | requirements |
research | resources | risk | ROI | ROI | salaries | scheduling | scope | small
projects | social media | software | stakeholders | success factors | supplier
management | team | timesheets | tips | training | transparency | trends | value
management | vendors | video | virtual teams | workflow | show all posts



ABOUT THIS BLOG




RSS




RECENT POSTS

4 ways to define value

3 Types of Vendor Payment

How to structure payments

5 Causes of Risk

12 Non-labour costs

September 2023 August 2023 July 2023 June 2023 May 2023 April 2023 March 2023
February 2023 January 2023 December 2022 November 2022 October 2022 September
2022 August 2022 July 2022 June 2022 May 2022 April 2022 March 2022 February
2022 January 2022 December 2021 November 2021 October 2021 September 2021 August
2021 July 2021 June 2021 May 2021 April 2021 March 2021 February 2021 January
2021 December 2020 November 2020 October 2020 September 2020 August 2020 July
2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020
December 2019 November 2019 October 2019 September 2019 August 2019 July 2019
June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December
2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018
May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November
2017 October 2017 September 2017 August 2017 July 2017 June 2017 May 2017 April
2017 March 2017 February 2017 January 2017 December 2016 November 2016 October
2016 September 2016 August 2016 July 2016 June 2016 May 2016 April 2016 March
2016 February 2016 January 2016 December 2015 November 2015 October 2015
September 2015 August 2015 July 2015 June 2015 May 2015 April 2015 March 2015
February 2015 January 2015 December 2014 November 2014 October 2014 September
2014 August 2014 July 2014 June 2014 May 2014 April 2014 March 2014 February
2014 January 2014 December 2013 November 2013 October 2013 September 2013 August
2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January
2013 December 2012 November 2012 October 2012 September 2012 August 2012 July
2012 June 2012 May 2012 April 2012 March 2012 February 2012 January 2012
December 2011 November 2011 October 2011 September 2011 August 2011 July 2011
June 2011 May 2011 April 2011 March 2011 February 2011 January 2011 December
2010 November 2010 October 2010 September 2010 August 2010 July 2010 June 2010
May 2010
Email Notifications
SHARE
Request to reuse this




Categories: change management, cost, cost management, quality, stakeholders





We talk about the cost of change often on projects. If you’ve been in a delivery
role for a while, you’ll no doubt be familiar with the idea that if you find
something you want to change later on in the project, it costs more to make that
change than if you identified it at the beginning.

That’s typically because there are fewer things to unpick and less rework
required because you haven’t got as far yet. You can change the buttons on the
widget if you haven’t manufactured any buttons yet. Just change the drawings or
spec and you’re done. But if you have a factory stacked with boxes of buttons,
then there’s a bigger cost involved – all the pre-made buttons need to be
scrapped and you have to manufacturer a bunch of new ones.

Understanding how much wiggle room there is for change is important in
understanding how easy it will be to make change later, and how agile (with a
small A) you can be during the project when it comes to addressing defects or
changing your mind.

Bridge building, button making, house construction: all these are hard to change
later. But business process change, website design, or software writing probably
have a different result. You can tweak a process later on, and while a group of
different stakeholders will be affected, it is certainly possible (and cheaper)
to do in a way that changing the foundations of a building once half the
building is built is not – it’s a different kind of conversation, and a
different kind of cost involved.

How easy it is to make the change, and the cost of change, play alongside each
other throughout the project.

The PMBOK® Guide 7th Edition talks about Boehm’s cost of change curve. It sounds
like common sense, but it is also important to challenge our assumptions and
what we think we know. There is also a difference between bugs and changes that
arise through active decision making. Is the cost of change the same for each on
your project?

It might be possible to add a financial amount to each change and each defect so
as to work out the potential cost of defects or changes addressed later in the
lifecycle, but that’s probably overkill for most small and medium-sized
companies, and organisations that are not software houses with plenty of data to
analyse for this. Unless you’ve been through many product recalls or can model
what it would look like to address a component failure, you might not have the
data or time to create any meaningful cost models.

Instead, bear in mind the general principle: what is it going to mean to make a
change on your project, for your decision makers, in your environment, for the
development and delivery methodologies that you are using? Are there cutoff
points? Points of no return?

Really?

Generally, as project managers we can make anything happen with enough money,
time and resources – whether it’s the right decision to do ‘anything’ though is
a completely different conversation.

It is sensible to think about the cost of change before you need to make any
changes, and to consider how you’re going to avoid too many potentially costly
changes. For example:

 * Decent requirements
 * Good quality stakeholder engagement so everyone is on board with the
   deliverables and no stakeholders are left out (as ignored stakeholders tend
   to want to insert  their requirements on to the project later when they do
   find out about it.
 * A good change control process
 * Robust attitudes to quality deliverables, quality control and assurance.

How do you think about the cost of change in your projects? Is it a discussion
you have with the team? I’d love to know how you work to minimise it – or if you
embrace it and go with the changes! Let us know in the comments below.

Posted on: August 02, 2023 08:00 AM | Permalink




COMMENTS (2)

Please login or join to subscribe to this item

Network:69
Piotr Hajnus
, Poland

Thanks for this valuable post! I like your link to the PMBOK 7th ed. and the
real life examples.

Regarding your list of considerations, I'd really like to emphasize Expert
Judgment. It can be a gamechanger to “do it right” at the beginning or it can
mislead the whole team or waste a chance to deliver a requirement.

Recently, I’ve seen a construction project (renovation actually), where
incorrect expert judgment took away a chance to fulfill some of the customer’s
requirements. Especially few exciters were simply wasted.

Posted: Aug 3, 2023 5:49 AM

Network:3567
ISHAN THAKAR
ASSOCIATE MANAGER, MEIL, HYDROCARBONS DIVISION, HYDERABAD
VADODARA/BARODA, Gujarat/Vadodara, India

The key takeaway from Boehm's cost of change curve is that addressing changes or
issues early in the project lifecycle is much more cost-effective and less risky
than doing so later. Therefore, effective project management practices emphasize
the importance of thorough requirements gathering and early stakeholder
communication to minimize changes during the later, more expensive stages of a
project.

To manage change effectively, project managers often use change control
processes, which involve documenting and evaluating proposed changes, assessing
their impact on the project's scope, schedule, and budget, and obtaining
approval before implementing them. This helps to strike a balance between
accommodating necessary changes and minimizing their cost and disruption to the
project.

Posted: Sep 5, 2023 2:08 AM


Please Login/Register to leave a comment.






ADVERTISEMENTS
Official PMTraining™ | PDU bundles from $58 | Earn all 60 PDUs now $298

PMI Approved. Enroll in PDU course bundles and renew your PMP certification 100%
online. Earn 60+ PDUs online and renew your PMP certification. Learn new Agile
and PM concepts.

PMI Approved PMP Renewal only $249 with Prodevia Learning

Watch, listen, or read PMI approved courses from any device. PDU credit reported
directly to PMI. No course completion deadlines. No exams. Lifetime access to
high-quality courses. Build valuable skills. Renew your PMP quickly and easily.
PMI approved provider since 2003.



Very funny, Scotty. Now beam down my clothes.





Need Help?

PMchallenge

PMwars


ADVERTISEMENT



SPONSORS

PMTraining

Project Management Academy


NEWSLETTERS

Sep 13: PM Challenges Addressed by AI
Sep 6: Create More Compelling Presentations
Aug 23: 10 Ways AI Can Improve Your Projects

See all newsletters

 * About
 * About Us
 * Support
 * Need Help?

 * Membership
 * Become a Member
 * Membership FAQs

 * Content
 * Submit Content
 * Advertise
 * Advertise With Us

 * Translate
 * Language
   ▼
 * Social
   
 *      

Copyright © 2023 ProjectManagement.com   All rights reserved.           Privacy
  User Guidelines   User Agreement  

Originaltext

Diese Übersetzung bewerten
Mit deinem Feedback können wir Google Übersetzer weiter verbessern


  Close