Legal project management tip of the month: Monitor the budget in real time

Always know what you have spent so far, and what you expect to spend in the future.  Make sure that all team members submit their time slips promptly, so you can check at regular intervals that the work is being done within the projected budget.  Focus your attention on the largest tasks that will require a high percentage of the budget.

This is the second in a new series of posts, which will appear on the first Wednesday of every month.  Each tip will summarize a very simple tactic to improve project management.