36- Can SM/PM legally bring in non-union contractors to keep the costs down? (Yes = blue)
37- Does any funding arrive with conditions such as a short tine frame? (Yes = blue)
38- Is the project’s funding permanent? (No = blue)
39- Are the total project costs clear? (No = bad)
40- Does it now take 15% or more longer to get the same amount of work done, than before? (Yes = blue)
41- Do the project’s cost include any monies (ours or others’) spent by other agencies? (No = blue)
42- Has PM calculated the financial/resource burn-rate per day/week/month of this project? (No = blue)
43- Has PM determined where the potential for cost reduction is the largest? (No = blue)
44- Are any project funds hidden in other places/other agencies’ budgets? (Yes = blue)
45- Does PM know the amount/percent of the budget which is:
- Discretionary (location of most waste)
- Mandatory
46- Does any opportunity exist to cut-out redundant activities to save money? (Yes = blue) Beware of impacts to project, due to unforeseen issues.
47- Does PM/SM know and approve of the chosen type of contractor/consultant billing? (See list by order of lowest to highest risk) (No = bad)
– Project basis?
– Hourly?
– Daily?
– Monthly?
– Time and Material?