In my experience as a Project Manager for several years now, the most common challenge is the IT Cost Management. It’s easy to manage the schedule or the timeline of a certain project but the IT Financial Management has a totally different story. Project delays for one thing. This is a major thing that usually happens that entails adjustment to the cost of the entire project. That is because when a project is delayed there are certain contracts that would let software vendors pay their clients for each day that the project is delayed. This is usually an unforeseen event that is not part of the cost. But now that there are IT Cost Management solutions that are readily available, these unforeseen costs can now be part of the IT Chargeback. These financial management solutions are a big help for project managers since you get to establish product and unit costs while you are planning the project, meaning this can be done at the start of the project. There is also a utilization and capacity metrics for “What If” analysis and modeling. In this way you are prepared for the unexpected such as people getting sick in the middle of the project, delays due to lack or resources, and more.