101 Project Management Problems and How to Solve Them

30. In a large project, when should I seek commitment for overall funding?

Depends on:

The type of project

The novelty of the technology and process to be used

The precision required for the funding decision

Making the Business Decision

For very large projects, there is often some funding for preliminary investigation. This initial funding usually ranges from about 2 percent to 10 percent of the expected overall project budget. Going into this phase ...