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摘要：The successful design, development and implementation of projects are very complex and at times daunting tasks for many project managers. The sum of growth in competition and globalization, institutionalization of innovation-based economics, rapid development of technologies, the uses of outer resources, increase in the significance of customers focus and the shortening of products and services cycles means that projects cost management has become a major issue for majority of businesses today.

on are sometimes conceived, funded and developed without appropriate senior management involvement or approval. Armstrong (25) has for example noted that some projects go forward without the management clearly conceptualizing what the project entails. A distinction between mere approval and commitment should be clearly recognized so that the projects run smoothly. According to Dennis (87) and Blair (13), most projects fail when the senior management lacks a clear understanding the project's perceived benefits, risks and difficulties. This is fundamental because the management plays a central role in costs appropriations and budget allocations for project activities. This means that while the project's approval may actually have been acquired, in the confidence of getting the projects approved; some of the risks may be ignored or glossed over. Efficient project cost management especially in the field of IT should however ensure that projects approvals are not based on unrealistic calculations but on a framework that shows a realistic assessment of the projects benefits, risks and costs.

Adequate financing or funding for the project

This forms the fundamental groundwork for the achievement any IT related project's objectives and goals. Most IT projects being initiated will require some substantial funding and resources deployment because they are always characterized by abnormally huge overhead costs. However, Kerzner (11) and Loosemore, Raftery and Reilly (161), have noted that ample project funding is not in itself a panacea to projects success. It has been advanced that inadequate project funding will most invariably result on delivery of less than promised. The realization of projects success has been positively correlated with efficient resources management and budget controls.

According to Armstrong (32) effective resources management as well as its impact on the compatibility between the costs management and project value accumulation has been empirically proved in literature. Researchers show that in order to avoid the gap between the organizational strategies and the limited resources, it is purposive that available resources are reviewed and aligned to the budget in a seamless manner. This means that a lot needs to be arranged before and also during projects executions.

Requirements analysis

Requirements analysis should be carried out in order to develop the architectural design or frameworks of the specific IT project for the initiation and inception of the project. This calls for a thorough discussion between the clients and the stakeholders in order that all the prominent issues are brought to forward and the project is set off on a sound footing. https://www.51lunwen.org/Accounting/ According to Armstrong (27), client consultation at all the stages of an IT project development should always be done in order to avoid situations where repeated references to the project requirements are the case or projects are discontinued entirely.

Requirements analysis should be detailed and the analysis or the project manager should visit, communicate and discuss the project requirements with the clients on a conclusive and comprehensive manner. A clear sketch of what will be delivered or not within projects scope should ideally be done. Project managers will attest to the fact that taking a thorough requirement analysis the benefit of arriving at an accurate esti本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。