article thumbnail

7 Ways Project Manager Roles Are Changing

ProjectManager.com

Project leadership is in flux and a good manager knows never to become complacent. Online platforms enable real-time access to project documentation, tasks and updates and advanced data analytics and reporting make it easier for project managers to track project progress, budget, timeline and resource usage.

article thumbnail

Bottom-Up vs. Top-Down Budgeting Approaches

ProjectManager.com

There are many ways to approach budgeting. Two of the more common approaches are bottom-up budgeting and top-down budgeting. Knowing which is right for you starts with understanding both of these budgeting approaches. Then we’ll show you how to make a budget using both so you can make an informed decision.

Budget 465
Insiders

Sign Up for our Newsletter

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

article thumbnail

Project Budget Template for Excel

ProjectManager.com

A project budget contains the financial details of your project, including the estimates of all the money you need to layout to lead a successful project, from resources to materials. Monitor project expenses with this Excel budget template. The budget is the life’s blood of your project, so you need to monitor it accurately.

Budget 448
article thumbnail

11 Project management skills employers expect you to have

Rebel’s Guide to PM

Soft skills include a huge range of topics from communication to leadership, stakeholder engagement and teamwork. A project manager’s primary responsibility is to complete the project’s objectives with the resources provided within the agreed budget and schedule. A communication plan is typically developed to successfully achieve that.

article thumbnail

Organizational Project Management (OPM) Basics

ProjectManager.com

Project Management Project management is the process of planning, organizing and managing resources to deliver a project on time, within budget and meeting quality expectations. A business plan, budget and responsibilities by the leadership team define them. They help select projects and deal with budgets, risk and reporting.

PMO 466
article thumbnail

How Leadership Affects Projects (And How You Can Lead Yours)

Rebel’s Guide to PM

Sarah Coleman is co-author of Project Leadership, a book in its third edition exploring how leadership and project management intertwine. The last edition came out 16 years ago – yes, people were talking about project leadership even then! Sarah, how does a leader impact the project?

article thumbnail

7 Steps for a Successful Project Budget

ProjectManager.com

That’s why planning out your project budget is so important: it’s the lifeblood of the project. But first, we need to define what a project budget is. What Is a Project Budget? A project budget is the total projected costs needed to complete a project over a defined period of time. Why You Need a Project Budget.

Budget 418