Contemporary Security Management - Essay Example

One of the biggest culprits of management is cost itself. Cost tends to be a critical element. As this project progresses, the project manager will verify the project deliverables against the original scope. In addition, the project manager should serve as a mediator between the business and the developing team. All activities should be checked in the Gantt chart and the Project Manager's. Jay (2011) This can be detrimental because cost has to be a controlled variable in Project management. Additionally, stakeholders that are at a higher level such as executives might not agree to the cost and may pull back on the project itself if it falls more than 10% of the outlier.

Another fact to be incognizant of is budget discrepancies. Budget discrepancies are one of the most difficult challenges to deal with when closing down a project because PMs must ensure that they close their projects without any discrepancies. Jay (2011) Understanding the segmentation of financials is hectic because it requires signatures, higher authority decisions, and collaboration. In midst of the project, most managers forget that budget discrepancies, in the beginning, can accumulate to be problematic at the end.

This not only creates chaos in the project but diminishes quality, resources and time. Managing change requests is another huge issue that project managers have to be well-aware of. This is problematic because change requests are part of any project management. To manage change requests, project managers must collaborate with stakeholders to remove any unclear understanding that dictates the goals and objectives of the project. Jay (2011) Controlling change requests fo creating virtual servers or software for instance would have to support the elements that the business case possesses can be cumbersome to manage when closing a project.