Remove Budget Remove Performance Measurement Remove Risk Management
article thumbnail

What is the Management Reserve for Project Budgets?

Project Risk Coach

Unforeseen risks knock at your door. You look at your budget, but you don't have the funds to respond to these risks. Let's explore management reserves for projects, who controls them, and how to estimate the reserves. These risks are known – that is, they've been identified. These risks have not been identified.

Budget 284
article thumbnail

Project Performance Reporting: Key Performance Reports

ProjectManager.com

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

RAG Status in Project Management: Importance & Benefits

ProjectManager.com

RAG status begins with understanding the acronym and how RAG status is used in project management. What Is RAG Status in Project Management? By color-coding the project data, the progress and performance of the project or portfolio are more intuitive and delivered with greater efficiency. They are as follows.

article thumbnail

Webinar Recap: Project Performance Measurement – Part 1: Overview Of Project Performance Measurements

MPUG

Please find below a transcription of the audio portion of Fletcher Hearn’s session, Project Performance Measurement – Part 1: Overview Of Project Performance Measurements, being provided by MPUG for the convenience of our members. Kyle: Hello, and welcome to part one of MPUGs Project Performance Measurement course.

article thumbnail

9 Types of Artifacts in Project Management

Rebel’s Guide to PM

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
article thumbnail

What Is a Balanced Scorecard? (Example & Template Included)

ProjectManager.com

A balanced scorecard is a strategic management performance metric. The balanced scorecard is also a means to measure and provide feedback to businesses and organizations. It’s a common management tool worldwide, used across industries, including government and nonprofit organizations. What Is a Balanced Scorecard?

article thumbnail

Project Artifacts and How to Use Them

Rebel’s Guide to PM

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, templates, outputs or a specific deliverable. For example: a project management artifact is the project closure document. What is an artifact?

Logistics 262