Register now or log in to join your professional community.
First, let us agree that there is a limit to everything that you try to achieve on the expense of other things. So, while you may tweak the triangle of (cost, time, and quality) to minimize cost, there would still be a limit-down to the cost, and if you try to exceed this limit, things will fire back and cost may start increasing again. Secondly, you need to look at your cost items associated with the project and see what items can be eliminated altogether, reduced, or lower-cost alternatives identified. Among the many possibilities out there, you may choose to increase involvement/participation of internal resources who are already available within premises at no additional cost. Another possibility (needs to be practiced with ultimate care) is to see the possibility of outsourcing parts of the project with flexible financnial terms that may fit your situation. One more possibility is to scale down the project through re-negotiation with the stake-holders and cancelling/postponing/phasing out some of these requirements !!
