Essay: Spending funds

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Sample Essay – Spending funds 

All the items on which to spend the project funds need to be identified so that the project manager is able to determine whether the funds are sufficient to ensure that the project is completely without any delays. The manager should note that once a predecessor step in the project is delayed, all the succeeding steps would be delayed.

This will eventually mean that the whole project is delayed and further lead to the manager’s failure to deliver in achieving his objectives. The manager should therefore ensure that he has sufficient and available raw materials to utilize in accomplishing the project completion. By clearly stating the items to spend the raw materials on, the manager is able to determine the sufficient resources for the project. The sources of the raw materials to utilize need to be identified. The magnitude of the costs involved in the project should be identified to ensure that the project is not too costly such that its effects will not outweigh the costs.

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