ProjectManager.com

NOVEMBER 23, 2023

Figuring out what to spend its capital on, such as capital spending on long-term assets, is part of capital budgeting. First, we need to define capital budgeting, what a capital budget is and why it’s important. Then we can go through the capital budgeting techniques and the steps to a capital budgeting process.

Budget 381

Budget Technical Review Software Review Executing 381

Project Risk Coach

NOVEMBER 14, 2022

As a project manager, you constantly juggle a million tasks at once. This article will provide clear guidance on how to define and assign risk management roles and responsibilities for projects and programs. Ensuring that all of the risks are addressed can be a daunting task, particularly for larger, complex projects.

Risk Management 396

Risk Management Risk Underperforming Technical Team PMO 396

Rebel’s Guide to PM

SEPTEMBER 22, 2021

Sol Benady is a management consultant, Fintech entrepreneur, and program manager working in the banking sector. I talked to him in the Project Management Club on Clubhouse about project financial management and handling budgets. From Accounting to Program Management. 5 Tips for Managing a Project Budget.

Budget 375

Budget 2015 Retail Government 375

Rebel’s Guide to PM

FEBRUARY 5, 2024

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?

Budget 318

Budget Project Cost Estimate Finance 318

ProjectManager.com

NOVEMBER 22, 2023

Because a capital project must be carefully managed, governments and corporations alike will use project management software to control the use of its resources and manage time. ProjectManager is award-winning project management software with powerful Gantt charts that organize tasks, resources and costs.

Budget 380

Budget Software Review Planning Construction 380

Rebel’s Guide to PM

MARCH 11, 2024

Change management is often part of a project manager’s role, but we don’t get a lot of formal training in how to make it happen. However, the risk of getting the change aspects wrong can be huge. Power skills BEE Methodology Practitioner Course £349 Learn the Build, Excite, Equip methodology for change management on projects.

Software Review 330

Software Review Technical Review Certification Change Management 330

ProjectManager.com

NOVEMBER 22, 2022

Having to make an event budget adds another layer of stress. But it doesn’t have to be a nightmare if you follow a few simple steps to creating an event budget. If you’re struggling with the event budget it can negatively impact the whole event. What Is an Event Budget? How to Create an Event Budget. Learn more.

Budget 346

Budget Transportation Estimate Risk Management 346

ProjectManager.com

MARCH 21, 2022

Whether you’re a numbers person or not, as a project manager, ownership of a budget is usually a key part of your job responsibilities. Creating and managing a project budget can be a daunting task, but it can be easy if you use the right project budgeting software. What Is a Project Budget? Learn More!

Budget 341

Budget Software Review Software Estimate 341

ProjectManager.com

JANUARY 24, 2023

If there’s one thing you can be certain of when managing a project, it’s change. Although it’s impossible to predict the future, with these free risk management templates, you can better prepare for the unexpected and be more apt to keep your project on track. However, templates can only do so much.

Risk Management 315

Risk Management Risk Software Review Monitoring 315

ProjectManager.com

OCTOBER 7, 2021

Risk is always present in construction projects. By definition, construction risk feels unpredictable and damaging, but you can identify and manage them. You may feel you can control risk in your organization and construction management team—but what happens when you’re working with independent contractors?

Risk Management 324

Risk Management Risk Construction Monitoring 324

ProjectManager.com

JULY 11, 2023

Every business, even a not-for-profit business, needs a budget. A business budget can be looked at as the fuel that drives the business. To understand what that means, we first have to define what a business budget is, which we’ll do in a moment. What Is a Business Budget? There’s no setup required.

Budget 277

Budget Software Review Estimate Risk Management 277

ProjectManager.com

JULY 21, 2022

Construction management at risk, also known as CM at Risk or CMAR, is a construction management approach that’s been gaining popularity. But that doesn’t mean CM at risk is right for you as there are pros and cons to this innovative approach. What Is Construction Management at Risk? Learn more.

Construction 309

Construction Risk Management Risk Infrastructure 309

ProjectManager.com

APRIL 25, 2023

Whether you’re running a company or a project, you’re going to have to deal with a budget. A budget is the spending plan that you forecast using estimates of income and expenses. To ensure you’re keeping to that ever-important operating budget, you’ll be making a regular budget report as well as referencing financial statements.

Budget 304

Budget Estimate Software Review Finance 304

Rebel’s Guide to PM

FEBRUARY 28, 2022

A project manager’s job isn’t just about managing the work. Part of a resource management plan is to build the skills of your team. Normally we’d think of that in terms of the technical skills they need to deliver the project, like taking a course in a programming language or brushing up their system maintenance skills.

Risk Management 284

Risk Management Risk Technical Review 2015 284

ProjectManager.com

NOVEMBER 27, 2019

What do you need to know to succeed at project management? While there’s some truth to that joke, it’s not helpful to the student or the experienced professional who is looking for a way to understand the myriad responsibilities of being a project manager. What is PMBOK in Project Management? Project Integration Management.

Risk Management 512

Risk Management Monitoring Controlling Estimate 512

ProjectManager.com

SEPTEMBER 16, 2020

There’s never enough time when managing a project. Project managers don’t have the luxury to quote poems to stakeholders when going off track. Changes in a project are common, but it’s the project manager’s responsibility to make sure that those changes don’t produce a negative impact on the project schedule. It’s a trade off.

Software Review 520

Software Review Budget Risk Management Controlling 520

Rebel’s Guide to PM

SEPTEMBER 14, 2020

Scope creep in project management is where additional requirements are added to the project, beyond what was originally agreed and these additions are not formally authorized. The ‘formally authorized’ part is important because you can, of course, make changes to what’s in the scope statement at any point. What is scope creep?

Underperforming Technical Team 464

Underperforming Technical Team 2009 Controlling Risk Management 464

ProjectManager.com

JUNE 15, 2021

Project managers are the point person in charge of a specific project or projects within an organization. We regularly feature project management resources to help train PMs to land jobs in the industry or develop better skills in their current role. What Does a Project Manager Do? How Much Does a Project Manager Make?

Certification 476

Certification Prince2 Monitoring PMI 476

ProjectManager.com

DECEMBER 20, 2019

Everything you do when managing a project is partially if not entirely a communicative process. Managing those tasks is a constant communicative effort with your team. Different projects, of course, demand different means of communications. Create and manage a communication plan in ProjectManager.com— Try it free!

Planning 538

Planning Underperforming Technical Team Monitoring Defining 538

Project Risk Coach

FEBRUARY 20, 2023

It's a simple question, "Who owns the risks in agile projects?" In this article, let's uncover the role of risk owners and how to perform risk management in agile projects. What is a Risk Owner? When it comes to taking ownership of risks, it allows team members to have greater control over their work.

Risk 418

Risk Agile Risk Management SCRUM 418

ProjectManager.com

OCTOBER 29, 2024

Project cost management software is an essential tool from construction to IT and professional services. What Is Project Cost Management Software? Project cost management software is a tool designed to help project managers and teams plan, estimate, budget and control costs throughout the project life cycle.

Project Cost 347

Project Cost Software Review Software Estimate 347

ProjectManager.com

AUGUST 22, 2024

Risks are a bit different than issues; risks are issues that haven’t happened yet. By identifying what risks are probable, you can prepare for them and have a response in place if and when they show up in your project. That’s called risk or issue management. Risks are the potential problems lurking in your project.

Software Review 446

Software Review Risk Management Risk Technical Review 446

ProjectManager.com

SEPTEMBER 26, 2019

Before you can plan for your project you have to have the right tools to collect the data you need in order to formulate a strategy—and project management Excel templates are a great place to start. Visit our Templates Page and you’ll find Excel and Word templates for creating all the project documents you need to manage your project.

2019 209

2019 Risk Management Budget Monitoring 209

Rebel’s Guide to PM

JULY 12, 2024

I don’t have the time (or the requirement) to take a certification course, but I’m always prepared to develop the project management competencies I need to succeed. In this article we'll talk about the top competencies for project managers and how you can develop your skills. If you feel the same, what should you be focusing on?

Technical Review 401

Technical Review Underperforming Technical Team Software Review Influencer 401

ProjectManager.com

JANUARY 10, 2023

If you’re not working from an agenda or you don’t manage those meetings, that can be true. Let’s take a look at 10 different types of project management meetings and define them, and we’ll start with the definition of what a project meeting is. But meetings are critical for project planning and team collaboration.

Software Review 480

Software Review Technical Review SCRUM Risk Management 480

ProjectManager.com

JUNE 4, 2021

The following are our top 8 Microsoft Excel construction templates for better construction project management. Creating an accurate construction project budget is an essential part of the planning phase. This budget will dictate exactly how much can be spent on materials, supplies equipment and which contractors to hire.

Construction 444

Construction Estimate Risk Management Software Review 444

ProjectManager.com

OCTOBER 18, 2023

Keeping tabs on the performance of your project is an essential part of project management. Tracking project performance gives project managers the data they need to keep the actual effort of the project aligned with the planned effort and deliver the project on time and within its budget. Project management software can help.

Performance Measurement 386

Performance Measurement Risk Management Budget Monitoring 386

ProjectManager.com

SEPTEMBER 14, 2021

What is a Risk Register? A risk register is a tool in risk management and project management. It is used to identify potential risks in a project or an organization, sometimes to fulfill regulatory compliance but mostly to stay on top of potential issues that can derail intended outcomes.

Risk 415

Risk Software Review Technical Review Risk Management 415

ProjectManager.com

DECEMBER 2, 2020

Risk is always present. If we were to try and avoid all risks, it would be paralyzing—not to mention impossible. Project managers don’t have the luxury of locking the door, turning off the lights and hiding in a corner. As you might imagine, there’s a process in project management that addresses risk and how to deal with it.

Risk 456

Risk Planning Risk Management Monitoring 456

Rebel’s Guide to PM

MARCH 18, 2021

In this article we’ll look at the types of artifacts in project management, typical documents for each type. In project management, artifacts relate to documents: the project documentation you produce that defines and supports the work you are doing. For example: a project management artifact is the project closure document.

Logistics 511

Logistics Artificial Inteligence PMI Performance Measurement 511

Rebel’s Guide to PM

MAY 9, 2022

EMV is a risk analysis tool that helps establish the contingency reserves for your project activities. It’s a statistical technical for quantifying risk. At the end of it, you get a decision tree that summarizes the financial impact of following a course of action. What is the Expected Monetary Value of a risk?

Software Review 410

Software Review Technical Review Risk Management Risk 410

Rebel’s Guide to PM

FEBRUARY 12, 2024

As a project manager, you are expected to have all-round skills encompassing the technical fields of project management like planning and scheduling, through to the interpersonal skills like communicating up and influencing others. Learn how to help your team manage risk so you can split the work between you.

Finance 331

Finance Risk Management Budget Risk 331

ProjectManager.com

MARCH 2, 2020

Project managers are well aware of this and spend much of their time planning in order to avoid negative risk and its potential impact. There are many tools that can mitigate risk in a project, but it also takes skill in something called project controls. Risk management. What Are Project Controls? Cost estimates.

Controlling 413

Controlling Underperforming Technical Team Estimate Risk Management 413

ProjectManager.com

SEPTEMBER 23, 2020

Being able to manage and track expenses is what keeps the project within a budget. You have to manage all three, giving and taking from one to the other. That’s the only way to control your expenses and in so doing stay on budget. Watch and learn how to manage and track your project expenses. Create a Budget.

Budget 435

Budget Software Review Controlling 2020 435

Rebel’s Guide to PM

MAY 22, 2022

Get the right project resources Make quick decisions Understand project management techniques Know when to pull the plug Celebrate accomplishments Manage financial changes Overcome ignorance Set goals Communicate the facts Understand risk and reward. Understand project management techniques. Manage financial changes.

2012 384

2012 2013 Risk Management PMI 384

ProjectManager.com

NOVEMBER 2, 2022

However, in project management, project assumptions are essential for planning a project. Let’s take a look at how project assumptions are defined in project management and why they’re so important. Then we’ll learn about a project assumption log and how assumptions differ from constraints and risk.

Software Review 347

Software Review Risk Management Technical Review Risk 347

ProjectManager.com

FEBRUARY 3, 2022

Risks will arise and threaten the successful delivery of your project. Using a risk breakdown structure (RBS) is how you prepare for the unexpected. A risk breakdown structure is great for identifying and prioritizing risks so you know which will be more or less impactful. The Four Categories of Risk in a Project.

Risk 400

Risk Underperforming Technical Team Risk Management Technical Review 400