ProjectManager.com

JUNE 6, 2023

Without funding and the proper budgeting process, projects in any industry grind to a halt. Budgeting is how those funds are spent. But first, let’s define what a budget is and explore the types of budgets and methods for making a budget. What Is a Budget?

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ProjectManager.com

SEPTEMBER 11, 2024

While there are similarities between the two, resource tracking helps support the project management process. Without resource tracking projects can quickly become out of scope, over budget and behind schedule. Resource tracking is the process of monitoring and managing how resources are assigned and used throughout a project.

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ProjectManager.com

DECEMBER 13, 2023

The project budget is developed during the planning phase of a project. To help you get started, we have 7 free budget templates that you can download right now. 7 Budgeting Templates for Business and Project Budgeting Below are seven budget templates that you can use for estimating your project’s costs.

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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.

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ProjectManager.com

AUGUST 7, 2024

A work-in-progress (WIP) report is one of the tools used to track the budget. This then informs how the budget is managed and will be used to generate reports to track the percentage complete of the construction project. It allows them to see what percentage of the project has been completed and how much of the budget has been spent.

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ProjectManager.com

AUGUST 14, 2024

Using a KPI dashboard shows how well a project or organization is meeting its goals. Business KPI Dashboard: A visual tool that displays KPIs, which are quantifiable metrics that help a business meet its goals and make data-driven decisions. Here are some examples of different KPI dashboards.

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ProjectManager.com

MAY 7, 2024

Next, we’ll outline the demand management process to learn how to implement this planning methodology and how software can facilitate that process. Demand management is the process of managing customer needs for a product that a company sells. ProjectManager has resource allocation tools that manage teams to meet demand.

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ProjectManager.com

OCTOBER 16, 2024

From manufacturing to construction, these free resource management templates add consistency and efficiency to processes to result in better project outcomes. Download this free resource plan template for Excel to integrate with the project schedule and budget to keep on track and not overspend when in the execution state.

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ProjectManager.com

JANUARY 4, 2024

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.

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ProjectManager.com

NOVEMBER 3, 2023

That’s why a production budget is essential. But what is a production budget and what should be included in one? We’ll answer those questions and then show you how to make a production budget so you’re always producing what your customers want. What Is a Production Budget? They are part of the larger operating budget.

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ProjectManager.com

NOVEMBER 22, 2023

Let’s take a look at capital projects, explore the idea of a capital asset and delve into the process of capital planning. Capital planning is the process of budgeting for resources that will be used in the future to fulfill long-term plans. What Is Capital Budgeting? What Is a Capital Project? What Is Capital Planning?

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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.

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ProjectManager.com

FEBRUARY 26, 2021

When you start the planning process for a project, one of the first things you need to think about is: what can go wrong? Project risk management is the process of identifying, analyzing and responding to any risk that arises over the life cycle of a project to help the project remain on track and meet its goal.

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ProjectManager.com

NOVEMBER 20, 2024

In this blog, we’ll explore the process, pros, cons and benefits of making a Gantt chart in Google Slides and other similar alternatives to help you decide which is the best Gantt chart software for your projects. All of these are important for getting the project approved and keeping stakeholders informed on progress.

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ProjectManager.com

AUGUST 23, 2024

In short, a post-implementation review is a process to evaluate whether the objectives of the project were met. The project might be over, but the post-implementation or post-project review process continues. Think of it as an ongoing step in your project closure process. That’s not best practice.

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ProjectManager.com

JANUARY 10, 2023

Project meetings often feel as if they’re in the way of your work. If you’re not working from an agenda or you don’t manage those meetings, that can be true. But meetings are critical for project planning and team collaboration. What Are Project Meetings? Types of Project Meetings. Learn more.

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ProjectManager.com

JULY 9, 2024

Change management communication is a key process to ensure that change is implemented properly by making sure everyone understands that change. Change management communication is a process used to get buy-in from stakeholders and have them support organizational change. What Is Change Management Communication?

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ProjectManager.com

JANUARY 9, 2024

There are so many different subcontractors and all have to work together to deliver the project on time and within budget. There are many different types of construction resources beyond labor and we’ll define them as well as the process for construction resource management. This will be the start of your construction project budget.

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ProjectManager.com

SEPTEMBER 5, 2024

Thanks to its collaboration features, Google Slides is one of the best tools for making basic timelines online and presenting them to stakeholders during project or business meetings. This data can then be visualized on real-time data project dashboards which show timeline, budget and workload management information. Here are a few.

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Rebel’s Guide to PM

SEPTEMBER 1, 2024

Or some other criteria as defined in your project management process internally, that specifies what Red means for you. Then the conversation is about ‘this project now meets the criteria for Red reporting’ rather than ‘We’ve hit a major issue so I’m going to slap Red on it this week.’ Don’t be that project manager!

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ProjectManager.com

JUNE 18, 2024

To meet deadlines and remove bottlenecks, they use production tracking. Projection tracking is more than meeting the demands of a production schedule. Production tracking is a method of monitoring, controlling and managing the production process. Project management software can facilitate this process.

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ProjectManager.com

MARCH 19, 2025

While the project board is there to help and guide the project, first there has to be an approved project, plan, schedule and budget. This role is responsible for ensuring that the project delivers value to the organization by meeting business objectives and justifying the investment in the project. They help with the following.

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ProjectManager.com

DECEMBER 5, 2024

PPM Dashboard Template Project portfolio managers must closely monitor projects to ensure they’re meeting milestones, but also to properly allocate resources. This free project intake form template for Word formalizes that process to ensure that proposed projects align with organizational goals and objectives. Learn more 2.

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ProjectManager.com

JULY 10, 2024

Of course, a change champion isn’t the whole picture in a change management process, but they’re vital for change. A change champion is a person who inspires, facilitates and leads the successful change management process from an organization’s current state to its future, desired state. What Is a Change Champion?

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ProjectManager.com

DECEMBER 17, 2024

For example, straightforward task management tools or more robust products such as resource and budget management. The primary goal of task management software is to simplify the process of managing work by providing tools to assign, schedule, track and monitor progress on tasks.

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Rebel’s Guide to PM

SEPTEMBER 7, 2024

Did you know that 56% of your project budget might be at risk due to poor communications? You'll learn why it matters, see an overview of the communications process, and get some examples of where you might apply it on your own projects. We know that all projects use finite resources to achieve an objective. who support it.

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ProjectManager.com

NOVEMBER 28, 2023

Some of these are called organizational process assets. These organizational process assets are critical to a project’s success and its operations. To make sure you understand what organizational process assets are, first, we’ll define the terms and explain their importance. What Is an Organizational Process Asset?

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ProjectManager.com

JANUARY 10, 2024

However, problems occur when requests are submitted without a standardized process. To avoid that, you need an intake process. A project intake process is beneficial for an organization. We’ll also outline the project intake process, what should be included and who’s responsible for overseeing the process.

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ProjectManager.com

JULY 4, 2024

ProjectManager is award-winning project and portfolio management software that has been recognized as an official Acumatica Application, meeting the high standards it places on integration partners and their functionality. Contact ProjectManager to learn more. The construction edition features the following features.

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ProjectManager.com

SEPTEMBER 4, 2024

Once the goals are set, use this goal-tracking template to ensure you’re meeting your goals. This is achieved through the simple process of vetting goals. When this process is complete, the goals collected will be specific, measurable, attainable, relevant and time-bound. That’s where the SMART part comes into play.

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ProjectManager.com

JULY 5, 2024

Resistance to change is simply a desire to not adapt to a new way of thinking, processes or environment, to name only a few examples. Plans can be shared and collaborated on, which involves everyone in the process, and a baseline can be set to keep track of the plan against the actual execution to ensure it remains on schedule.

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ProjectManager.com

OCTOBER 24, 2024

Some tools can assign general contractors with project planning , scheduling, budgeting, resource allocation, communication and documentation, which we’ll get to in more detail momentarily. Proper resource planning forecasts resource needs to create more accurate budgets and avoid idle resources.

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ProjectManager.com

NOVEMBER 18, 2024

Then, for the project scope, there are project management KPIs that allow monitoring the progress of the project team to ensure that the tasks outlined in the project plan are completed on time, under budget and meeting the corresponding quality standards. You want to keep a close eye on your labor cost to see, are you over budget?

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ProjectManager.com

OCTOBER 24, 2023

Information technology (IT) involves the use of computers, digital storage, networking and other physical devices, infrastructure and processes to create, process, store, secure and exchange electronic data. IT service management (ITSM) is the process of how those services meet the needs of the end users who employ them.

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Process Infrastructure Information Technology Monitoring 470

Rebel’s Guide to PM

AUGUST 12, 2024

I like the definition of risk management from the Sixth Edition, which defines it succinctly: Project risk management includes the processes of conducting risk management planning, identification, analysis, response planning, response implementation and monitoring risk on a project. This goes in the risk log.

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ProjectManager.com

FEBRUARY 15, 2023

As a business grows, it needs to look at new processes or ways to improve the processes it has in place. Whatever the objectives, process implementation is how they achieve these goals. If you’re looking to improve your business processes , you need to know what process implementation is and why it’s so important.

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ProjectManager.com

NOVEMBER 12, 2024

Templates help maintain uniformity across projects, ensuring that coding standards, documentation and processes are followed. That’s because it provides a structured framework for development processes and outlines phases, tasks and timelines. It also includes resource allocations, budgeting, risk management and more.

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