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Real-life tips for managing Red projects and getting back to Green

Rebel’s Guide to PM

Managing stakeholder expectations Stakeholders tend to not like Red projects as they bring a lot of attention from senior leaders and the PMO. If you’re running over budget, you need approval to increase your budget. Update your budget documentation, schedule and other project artifacts.

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What Is an IT Budget? IT Budgeting Basics (Template Included)

ProjectManager.com

Managing information costs and managing information security for those costs are part of making an IT budget. First, we need to understand what an IT budget is, how often they’re made and what is the best size for one. What Is an IT Budget? An IT budget consists of all the IT spending for an organization over one year.

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Professional Services Industry Fundamentals

ProjectManager.com

While professional services encompass a variety of specialized fields and rely heavily on expertise and knowledge to deliver value to their clients, effective project management is crucial to ensure that projects are completed on time, within budget and meeting client expectations. Accurately forecasting these costs can be difficult.

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10 Free Project Portfolio Management Templates for Excel and Word

ProjectManager.com

PPM Project Budget Template While portfolio management is often focused on governance and resource management, costs are always part of the larger picture. That’s why it’s so important to use this free PPM project budget template for Excel. There are columns to capture the planned labor costs, actual hours and rates.

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15 Free PMO Templates for Excel and Word

ProjectManager.com

A PMO, or project management office, can be an internal department or an external group or agency that defines and maintains the standards for a company’s project management. However, all three can use PMO templates to support project programs and portfolios. We’ve collected 15 free templates that are suitable for a PMO.

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How to create a project budget

Rebel’s Guide to PM

What is a project budget? A project budget is a financial document that lays out what you think you’ll spend on a project. ” The project budget might be phased over multiple quarters or years. What does creating a project budget involve? What is included in a project budget?

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The 5 Project Management Phases: A Quick Guide

ProjectManager.com

Project Management Office (PMO): The PMO ensures governance and alignment with organizational standards during project initiation. Comprehensive planning also helps prevent scope creep, manage budgets and ensure timely delivery. They provide technical, financial or operational insights that help shape the projects viability.