I agree with the above responses that slack time is a great way to account for unexpected developments with the project. I would like to add that slack time also has a psychological effect on the work...

While I agree with Wonbum that there maybe extenuating circumstances for going over time or budget I firmly believe that you need not only penalization but also rewards to complete the project on time...

@wonbum-sohn I think you make a great point about how a good manager can make a big difference. however I still believe that the investor is still more important. This is because I have had first hand...

I think one of my undergraduate professors put it best once when she had said "Validation is did you build the right device, verification is did you build the device right". This essentially boils dow...

I agree with many of the above posts. When dividing work up the best system is to divide into smaller groups and have those groups give sub tasks to each of the members. This ensures that the smaller ...

I agree with many of the above posts. When dividing work up the best system is to divide into smaller groups and have those groups give sub tasks to each of the members. This ensures that the smaller ...

@ajy6 While I agree that sticking to the schedule is important, the most important part is designing a schedule that has realistic deadlines and does not rush people or give others more time than is n...

My feelings on this topic echo some of the other responses above since I have had to assume both roles in the past meaning more of a leadership role and more of a technical role. In my experience I pr...

@terril_vallikalam I had a similar experience my sophomore year of college where I did research over the summer in a multidisciplinary group from all different majors. As with your experience there wa...

While I agree with many of the responses above I would like to also say that you have to make a clear plan however this plan will most likely not account for all the issues that you will face. It is i...