Project management involves a lot of interaction among team members and other stakeholders. In addition, the process and documentation costs are directly related to the rigor of the project management processes prescribed in your project management standard operating procedure. Refer to the full blueprint, Tailor Project Management Process to Fit Your Projects, for a discussion on how to tailor the project management SOP to your organization.
Use this tool to estimate the overhead costs of project management processes, and calculate how much project resources are invested in managing projects.