Managing schedule and cost related conflicts in software industry

The Key for the successful software repeatable business lies with on time delivery of the projects within budget. During implementation of software projects, many schedule and cost related conflicts will arise between project managers and all other stake holders including team members, customers, senior management. Schedule related conflicts arising because of lack of trust whether the project will be delivered on time or not, lack of empowerment for team members to complete their individual deliverables, changing scope by customers after freezing requirements etc. Cost related conflicts arising during project implementation if project manager not publishing the cost baselines and cost variances of the project to all stakeholders, not preparing correct cost estimations and because of lack of senior management's on time approvals on project costs. To resolve these, Project Manager should be in regular contact with customers, senior management and other stake holders by publishing correct project baselines and variances in different phases of the project to all stake holders. The present study has been conducted to understand the perception of schedule and cost related conflicts in various software industries located in Hyderabad and why they are arising and their resolution methodologies and how these are interrelated with each other.