Remove Budget Remove Download Remove Monitoring Remove PMO
article thumbnail

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.

Budget 340
article thumbnail

How to Manage Your Project Pipeline With Software

ProjectManager.com

When you’re a project management office (PMO) or program or portfolio manager, you’re going to have to deal with multiple projects in various stages of the project pipeline. By following these project pipeline management stages a PMO, program or portfolio manager can better deal with the complexities of juggling multiple tasks.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Strategic Project Management: Planning Strategic Projects

ProjectManager.com

Usually, companies have a project management office (PMO) that will oversee the portfolio or program to ensure it meets strategic goals. These are high-level positions for people who already are tasked with managing projects, programs and portfolios as well as the aforementioned PMO. Let’s take a moment to define these positions.

Planning 392
article thumbnail

How to Build and Implement a Project Strategy

ProjectManager.com

The importance of a project strategy is simple: it helps deliver projects on time, within budget and aligned with larger strategic goals. Project Management Office (PMO): A PMO is responsible for defining and maintaining the standards for an organization’s project management. This will inform your schedule and budget.

Budget 369
article thumbnail

Measuring the Project Management Maturity of Your Organization

ProjectManager.com

When you’re a PMP, program manager or portfolio manager, you need to deliver all those multiple projects on time and within budget. On the other hand, if an organization has underdeveloped management, the more likely that its projects will have trouble meeting deadlines and staying on budget.

article thumbnail

100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

Change control The term for a process to systemically monitor and approve or reject any change requests made to a product or project. Cost overrun This is the actual cost that exceeds the estimated cost in the budget, also known as a cost increase or budget overrun.

article thumbnail

RAG Status in Project Management: Importance & Benefits

ProjectManager.com

Download Excel File Who Uses RAG Statuses to Track Project KPIs? Project Managers Program Managers Project Portfolio Managers Project Management Office (PMO) Executives & Board of Directors Department Managers Business Decision Makers Free Project Status Report Template The RAG status is used when making a status or portfolio report.