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 372

Budget Technical Review Software Review Executing 372

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.

Budget 355

Budget Estimate Software Review Executing 355

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 319

Budget Project Cost Estimate Finance 319

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 276

Budget Software Review Estimate Risk Management 276

ProjectManager.com

DECEMBER 5, 2023

Excel project budget templates are one of the most popular tools to create a project budget. However, Excel isn’t the best tool for project budgeting as it doesn’t allow project team members to collaborate online, sharing files among team members it’s a time-consuming process, among other productivity drawbacks.

Budget 385

Budget Software Review Estimate Project Cost 385

ProjectManager.com

FEBRUARY 6, 2024

A budget is a document that’s mainly used to break down the costs of executing a project or running the operations of a business for a period of time and define a maximum spending limit for the procurement of resources. Online templates can be helpful, but ProjectManager makes it easier to track budgets in our software.

Budget 358

Budget Estimate Software Review Finance 358

ProjectManager.com

MARCH 28, 2023

Manufacturers need to have a process by which to make or assemble their products. Before they go into production, therefore, they must engage in what’s called process planning. Learn what process planning is, including why it’s so important and the different types there are. What Is Process Planning?

Manufacturing 269

Manufacturing Process Planning Engineering 269

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. What Is Demand Management? Demand management is a way to achieve that balance.

Process 362

Process Software Review Manufacturing Underperforming Technical Team 362

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.

Budget 348

Budget Manufacturing Software Review Estimate 348

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. Construction drawings and plans inform the material takeoff.

Construction 381

Construction Process Estimate Monitoring 381

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.

Process 378

Process PMO Software Review Estimate 378

ProjectManager.com

JUNE 18, 2024

Production tracking is a method of monitoring, controlling and managing the production process. The objective of production tracking in manufacturing is to have a real-time overview of the production process. Project management software can facilitate this process. What Is Production Tracking?

Manufacturing 378

Manufacturing Monitoring Process Estimate 378

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?

Process 391

Process Controlling Executing Defining 391

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 340

Budget Transportation Estimate Risk Management 340

ProjectManager.com

MAY 29, 2024

Manufacturers are no different, except in the areas in which they seek to standardize and streamline their production processes. For those new to the term, let’s first define its parts, such as what is a shop floor and a shop floor plan. What Is a Shop Floor Plan? One method they use is shop floor manufacturing.

Controlling 408

Controlling Planning Manufacturing Software Review 408

ProjectManager.com

SEPTEMBER 3, 2024

Kanban boards, on the other hand, are perfect for managing the various stages of a workflow or process. Monitor Costs and Track Budgets Any organization needs to track the costs of executing project tasks. Estimate those costs and compare them against the actual cost of tasks to keep track of budgets.

Planning 393

Planning Software Review Estimate Executing 393

ProjectManager.com

FEBRUARY 27, 2024

Without a plan, projects are in trouble. Project planning is one of the first and most important aspects of project management. Using project planning templates can help you schedule tasks, estimate budgets and allocate resources. Why Use Project Planning Templates? That’s how you deliver on time and within budget.

Planning 390

Planning Software Review Risk Management Estimate 390

ProjectManager.com

SEPTEMBER 16, 2020

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 440

Budget Estimate Risk Management Monitoring 440

ProjectManager.com

MAY 16, 2023

An operating budget is a tool that helps business owners and project managers alike to look at the long-term financial needs of their organization or project. It’s instrumental in forecasting the budget needed to run your business or project. We’ll explain that and go into what should be included in your operating budget.

Budget 310

Budget Software Review Estimate Software 310

ProjectManager.com

JANUARY 12, 2024

One way to make sure you’re supporting your team and project alike is with workforce planning. Workforce planning is important and we’ll show you why. Then we’ll help you with the workforce planning process and explain the benefits of using workforce planning in your projects. What Is Workforce Planning?

Planning 370

Planning Estimate Risk Management Budget 370

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 333

Budget Software Review Software Estimate 333

ProjectManager.com

FEBRUARY 2, 2023

To best plan and respond to change, first, a clear definition of change management must be understood. There are several organizational change management strategies that can be applied to manage work, resources, business processes and budget allocations as well as different types of organizational changes.

Change Management 392

Change Management Process Underperforming Technical Team Project Life Cycle 392

ProjectManager.com

AUGUST 26, 2021

Creating a construction budget, therefore, is one of the most important pieces when developing a construction plan. How do you create a construction budget, anticipate the costs for a project and track them to make sure you’re not overspending? Let’s take a look at what goes into making a construction budget.

Construction 390

Construction Budget Underperforming Technical Team Finance 390

ProjectManager.com

DECEMBER 6, 2023

This can be either by adding efficiency to the company’s operations or aligning with its strategic plan. It views a project through the lens of how it connects to the overall strategic plan of the company. A strategic project is connected to a company’s larger strategic plan. Not necessarily.

Planning 423

Planning PMO Manufacturing Logistics 423

ProjectManager.com

JULY 9, 2024

Change is inevitable, but successful change requires management, communication and planning. Change management communication is a key process to ensure that change is implemented properly by making sure everyone understands that change. The change management communication plan facilitates change management communication.

Change Management 354

Change Management Planning Underperforming Technical Team Controlling 354

ProjectManager.com

APRIL 3, 2024

Products go through many processes before they reach a customer. What is order fulfillment and how does it differ from order processing and order management? We’ll explain that, the order fulfillment process and list the different types of order fulfillment models. That’s called order fulfillment.

Process 404

Process Logistics Manufacturing Transportation 404

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.

Process 315

Process Software Review Manufacturing Defining 315

ProjectManager.com

NOVEMBER 16, 2022

But that process isn’t cheap. A marketing budget is how marketers know how much they can spend on their campaign. Understanding how to create a marketing budget is a key element of any marketing plan. Once you’ve made the marketing budget, you have to track it to ensure you stay within your marketing budget.

Budget 276

Budget Software Review Estimate Software 276

ProjectManager.com

APRIL 10, 2024

We’ll explain what order management is and explore how an order management process is conducted. There are, of course, people behind the order management process. We’ll define those roles and link to some free templates to download, which will help users facilitate the order management process. What Is Order Management?

Process 335

Process Logistics Manufacturing Transportation 335

ProjectManager.com

MAY 9, 2022

Everything starts with careful planning, which sets the stage for the execution phase where estimations, plans and schedules guide the project team as they complete tasks and deliverables. Project evaluation is the process of measuring the success of a project, program or portfolio. What Is Project Evaluation?

Process 369

Process Software Review Underperforming Technical Team Project Life Cycle 369

ProjectManager.com

AUGUST 22, 2023

Getting a product from an idea to the marketplace is a long journey that’s mapped in the production process. Another way to look at the production process is as a series of detailed steps that take you from one point to the next until you’ve completed the process. What Is a Production Process?

Process 255

Process Manufacturing Monitoring Budget 255

ProjectManager.com

OCTOBER 17, 2023

Construction projects are carefully planned. From the smallest to the largest and most complicated, they’re broken down into five construction phases to detail all the steps necessary to complete the project on time and within budget. ProjectManager’s Gantt charts help plan the construction phases.

Construction 365

Construction Process Project Life Cycle Software Review 365

ProjectManager.com

MARCH 8, 2022

Resource management is the process of planning, scheduling and allocating resources to complete a project. Project managers are in charge of overseeing the resource management process from start to finish. Resource management involves creating plans and processes so that those resources can be managed.

Process 427

Process Monitoring Defining Consulting 427

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.

Process 356

Process Infrastructure Information Technology Monitoring 356

ProjectManager.com

APRIL 18, 2024

Project management software is the most efficient way to create timelines to plan, assign and track their tasks. For example, this Google Sheets timeline template is meant to help plan the operations of an organization. When managing teams, it’s essential to create timelines to track their progress as they execute their tasks.

Planning 359

Planning Software Review Estimate Monitoring 359

Rebel’s Guide to PM

MARCH 13, 2020

We start with 5 steps for how to put a proposal budget together and then Edoardo shares a worked (fictional) example to show you what the budget would look like once it is completed. A proposal budget is similar to a project budget, but with a very different goal. Plan your person-days accordingly.

Budget 298

Budget Planning Estimate 2020 298

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.

Risk Management 538

Risk Management Risk Process Monitoring 538