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Project managers should request the assistance of financial professionals to assist in the developing of cost plans.

Project leaders must also employ business models in attending to the financial and business development implications of a project. It is often easy to overlook that
business outcomes can and do influence significantly a project's success or failure. Project managers should request the assistance of financial professionals to assist
in the developing of cost plans. Furthermore, by asking several comprehensive business questions at the beginning of a project, you can ensure that tasks are actually relevant to the project plan.

A few of the questions should include:

What are the direct costs associated with implementing this project if any? Direct costs would include but would not be limited to hardware, software, personnel costs, supplies, and contract services. When calculating expense, project planners should ensure that one-time costs are separate from ongoing or permanent costs.

What are the indirect costs associated with implementing this project if any?  Indirect costs include but are not limited to long-term infrastructure changes or investment, changes to business procedures, as well as organizational changes.

At times, indirect costs are hard to define when dealing in terms of quantity and duration. However, the upper and lower parameters should be calculated.

What are the potential savings that will result because of this project?

With the potential savings, project leaders should be calculated these realistically. Several successful projects have improved quality or efficiency but did not result in reduced cost or added cost. Additionally, savings can be offset by the purchase of new items that may result in no net savings whatsoever in a proposed project.

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