Chris Fenning explains why you need to tell stakeholders if costs will rise over time. Hidden future budget increases kill trust and derail projects, so spell out what expenses change and when.
How to pitch an idea, tip number 13: Say if the costs change over time. Once you've built the thing you're building, or once you've implemented the idea or the service, there'll be a cost to run it and there'll be a cost to maintain it. Make sure in your presentation and in your pitch that you are clear about if that cost changes over time. Are the costs low in the first year but increase every year after that because of higher maintenance costs or additional running costs when the pitch, project, or idea grows? Grows and expands. If you don't make it clear that the costs change, your audience may end up being surprised when the numbers and the budgets and the costs aren't what they expect next year or the year after. So when you're pitching your idea, make sure you make it clear if the costs change over time.
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