Measure Run Rate and Other Cost Data, if Necessary
If you’re working on a fixed-price contract or working on some enhancements until the funding runs out, measure the project cost however your organization does that.
You may need to measure the “run rate” for your project, which is the iteration’s or other period’s fixed-price costs. If you have ten project staff members and they have an average salary of $10,000 per month, your project’s monthly run rate is $100,000.
If you fund projects incrementally, as in Fund Projects Incrementally, you need to know your run rate so you can ask for more money when you need it.
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