When overseeing a project, we all know that it’s vitally important to keep the budget in mind. After all, we need to make sure that our revenue will not only offset, but exceed the expenses that we’re incurring. When we set up a project budget and take care to ensure that everything is balanced, there are a couple of assumptions that are commonly used. When a project manager makes a poor or misguided assumption, it can have disastrous consequences at a later date. Here are a few common misconceptions that we need to avoid lest they come back to bite us.
