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Should a strategic project be allocated with a huge budget to gurantee success?

<p>OR it also matters to own a crystal clear vision and good will to achieve something unique and useful?</p>

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تم إضافة السؤال من قبل Emad Al-Bustami, PMP , Program Director , Al-Esayi Group
تاريخ النشر: 2014/09/21
J Scaria
من قبل J Scaria , Global CIO & Sr Director of IT , McDonalds Corporation

No. The budget should be set right, more importnat is stakeholder buyin, drive from the business owner and have the right structure in place in line with Project management principles. 

Srinath Kannarambath
من قبل Srinath Kannarambath , Project Coordinator , Krayons Interior Solutions India PVT LTD

If a project is planned strategically, the budget will not go beyond the estimated amount. 

All it requires is proper monitoring and an Team leader and the project will go tension free and under the estimated budget. 

Success is not require a huge budget if the project is planned considering all the possible problems and planning accordingly.

Rakan Al Ahmad
من قبل Rakan Al Ahmad , Vice President , Arab Investment Company

Its about defining the end objective, developing a road map to reach it and acquiring the correct resources and employing them efficiently. Always set a reasonable margin of error and add it to the overall budget. Going over budget is never justified and shouldn't be.

ahmed fouad abouelghit
من قبل ahmed fouad abouelghit , Gloabal Operational excellence diretor , DSM-Sinochem Pharmaceuticals

there is no yes and no here. front end loading and following PMP is the right approach.

William Parvanov
من قبل William Parvanov , VP, BUSINESS DEVELOPMENT , Corporate

Definite! Empty Pockets make NO Strategic Difference - Bright Heads Finance Support may  Bring More Results!

Raed AL Darwish
من قبل Raed AL Darwish , Acting Director Quality & Compliance , Emirates Post Group Company

I believe that you should but the budget according to the  initiative so you are not over budgeting

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