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Mastering Project Cost Management: A Step-by-Step Guide

Scoro

It’s easy to get behind on managing project costs amid all your other day-to-day responsibilities, especially if you have a lot of projects going at the same time. But if you don’t have a handle on cost management, you’ll likely experience overservicing, delivery delays, and less profitable projects.

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How to Reduce Project Costs: 7 Actionable Tips

Teamweek

Keeping projects within budget is one common challenge that most project managers face at least once in their careers. Scope creep is one of the main reasons why projects exceed their budgets. It happens when a project’s scope keeps expanding without proper control, resulting in higher project costs.

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5 project estimate templates (+ guide to calculating project costs)

Wrike

So, while many guides out there leave you to navigate these problems yourself, this guide talks you through how to forecast your project costs , too. We’ll also suggest a more intelligent solution than doing it yourself: using project cost management software , like what you get with Wrike.

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Project cost management software: What to look for

Wrike

That’s on top of all the other tools being used for project management, collaboration, file storage, and more. Try Wrike for free Book a demo Why it pays to manage all your project costs in a single tool When you look for project cost management software, you’ll notice there are lots of different kinds of tools out there.

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Rough Order of Magnitude (ROM): Understanding ROM Estimates

ProjectManager.com

No one needs to tell you that projects cost money. But how much they’ll cost is an open question. The closer you can come to an accurate forecast of project costs, the more likely you’ll deliver a successful project. Rough order of magnitude (ROM) can help you better estimate project costs.

Estimate 379
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Risk Management Plan Example (Comprehensive Guide+Tempalte)

PM Basics

In this article, you’ll find the real-life project risk management plan example. It comes from my practical experience working on software development projects. Below the example, you’ll find all the required information and resources to create your Risk Management Plan quickly and for free.

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10 Knowledge Areas of project management (PPT & PDF included!)

Rebel’s Guide to PM

This article reviews and explains the 10 project management Knowledge Areas from the PMBOK® Guide -- Sixth Edition. All the things you need to know and do for successful risk management, for example, are bundled under the Risk Management Knowledge Area. What are the project management Knowledge Areas?

PMI 211