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Innovative Business Projects by Rajagopal Rajagopal

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CHAPTER 1

Project Financials and Risk Management

Overview

Companies tend to gain more at less cost but often fail to accomplish their goals as the business process and projects suffer time overrun escalating the predetermined cost. Thus, companies assume that little can be done to reduce costs once a project design for innovative products development is set. This belief has either driven foreclosure or delayed the life cycles of many business projects. Cost and time management is an important consideration for the business firms in completing their projects successfully. Delay in innovative business projects causes market nonresponsiveness for the new products, besides serious cost and time overruns. Consequently, resources are drained out, causing ...

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