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Resource Assignment Section

The document discusses the challenges faced by a team in securing sponsorship for a donation drive amidst financial difficulties. It emphasizes the importance of careful budget management and the unpredictability of costs in project management. Additionally, it highlights the need for contingency planning and flexibility in financial estimates due to changing circumstances.

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57 views2 pages

Resource Assignment Section

The document discusses the challenges faced by a team in securing sponsorship for a donation drive amidst financial difficulties. It emphasizes the importance of careful budget management and the unpredictability of costs in project management. Additionally, it highlights the need for contingency planning and flexibility in financial estimates due to changing circumstances.

Uploaded by

Eyyy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

In our project, we set a team to look for a sponsor to accomplish our donation drive.

It was

definitely challenging given our current situation, people hardly do out and income hardly come.

But the team tasked in that part, slay their part, and found one. Anyway, for our other project

money isn’t really a problem but collecting is where we have to collect all the plastic, we

consume for months to make a per bottle that weigh 500-600 grams.

1. Resource Assignment Section

a. Money Still Doesn’t Grow on Trees

i. A project manager, a key responsibility of an organization is to keep close

reins on the budget. The organization or whoever is funding the project enjoys

hearing about cost overruns about as much as having a root canal.

ii. In many organizations, no matter how much money is seek, it will not obtain

all. Ask for slightly more than the best calculations indicate, thereby

increasing the probability of receiving close to the amount organization

actually seek.

iii. No matter how precise the calculations, how much leeway organization allow,

or what kind of contingencies they have considered, chances are the estimate

might still be low. The proverbial Murphy’s Law holds that if something can

go wrong, it will go wrong. And Parkinson’s Law contends that work expands

so as to fill the time allotted for its completion.

iv. In ever-changing business, social, and technological environments, no one has

a lock on the future even three months out, let alone three years out. The need

to establish extra margins in the budget beyond those that initially seem
commensurate with the overall level of work to be performed and outcome to

be achieved.

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