 Project PlanningSteven Finlay Chapter 2 in Credit Scoring, Response Modeling, and Insurance Rating, 2012, pp 30-65 from Palgrave Macmillan Abstract: Abstract Project planning is the process of deciding what a project’s objectives are, agreeing who needs to be involved, determining what needs to be done to deliver the objectives and what the time and cost will be. Sometimes there can be pressure to just “get on with it” and start gathering and analysing data as soon as possible. Project planning is viewed as a form of procrastination, delaying the start of the real work that needs to be done. This may be the case, but the old adage “more haste, less speed” generally holds true. As a rule, making changes towards the end of a project is much more time consuming (and hence more costly) than making the same change near the start. This is because of the knock on effects each change has on subsequent activities. Spending even a little bit of time planning at the outset of a project will result in a lot less time reworking things to correct errors and misunderstandings as the project progresses. This isn’t to say that good project planning will prevent all need for reworking, but it will help minimize the changes that are required. Keywords: Project Planning; Credit Card; Modeling Objective; Insurance Rate; Modeling Project (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-03169-3_2 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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