Most project managers are well aware that they need to be in control of the finances on their projects. If a specific team or project area is consistently over budget, that’s a big red flag. The team lead or even a more senior manager needs to be involved and take proactive actions to address the budget issues and bring things back in line. We know that an ounce of prevention is worth a pound of cure, and the best way to prevent big finance and accounting problems (and potential client problems along with them) is for every member of a creative team to be invested in watchful ownership of project budget.
Here's why:
