The patented True Cost™ formula captures expenses that others do not. Other products only capture the work breakdown structure cost of a project but Ultimate PM® adds the expenses of everyday business often overlooked and hidden. This includes meeting time, training and recruitment, incentives, and much more. Estimating a project reliably and knowing the True Cost™ is more accurate than “guesstimating” or “padding” budget numbers. These practices put projects at risk of failure. Without Ultimate PM® calculations, project estimates are unpredictable – often as much as 200%-300%! By contrast, Ultimate PM® is designed to keep a budget variance of less than +/-10%.
This includes:
- Non-Productive Time
- Status Meetings
- Initiating and Planning
- Project Manager Costs
- Time Value of Risk
- Monetary Value of Risk
- Training and Recruitment
- Incentives
