Budget, Process and Software - Project Management Update

The Budgeting Process in Business & Project Management

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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What Is an IT Budget? IT Budgeting Basics (Template Included)

ProjectManager.com

NOVEMBER 30, 2023

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.

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7 Budget Templates for Business & Project Budgeting

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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Capital Budgeting: Definitions, Steps & Techniques

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

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Create & Manage a Project Budget Using Software

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!

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Project Review Process: A How-to Guide

ProjectManager.com

NOVEMBER 19, 2024

Any project manager with even a little experience knows that rarely are plans executed without a hitch, which is why a project review process is an essential part of the monitoring and control phase of the project life cycle. But we’ll show why project management software helps deliver a more efficient and effective project review.

Software Review

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Bottom-Up vs. Top-Down Budgeting Approaches

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

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Best Project Cost Management Software

ProjectManager.com

OCTOBER 29, 2024

Project cost management software is an essential tool from construction to IT and professional services. Having the right project cost software could differentiate between financial control or chaos. We review the best project costing software and rank them by key features, pricing and more.

Project Cost

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Project Budget Template for Google Sheets

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

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How to create a project budget

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? Designing a new product?

Budget

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Business Process Improvement: Steps & Methodologies

ProjectManager.com

OCTOBER 14, 2024

As such, business processes need to be constantly evolving to adapt and bring satisfaction to the customer as efficiently as possible. Organizations are continually looking for leadership team that’s experienced in business process management (BPM). Before we can improve the business process, we must first understand it.

Process

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Google Sheets Budget Template: Track Business Costs Online

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. Google Sheets helps with collaboration but it isn’t a true project management software.

Budget

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What Is a Business Budget? Business Budgeting Basics

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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Capital Projects: Capital Planning, Budgeting and Funding

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. Because a capital project must be carefully managed, governments and corporations alike will use project management software to control the use of its resources and manage time. What Is Capital Budgeting?

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7 Best Project Management Accounting Software

ProjectManager.com

NOVEMBER 5, 2024

There are many project management accounting software on the market, but it can be difficult to decide which is best for one’s projects and organization. We review the best accounting project management software and highlight the key features, pros and cons, and, of course, the various plans and costs for a subscription.

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8 Best Project Management Software for Architects

ProjectManager.com

NOVEMBER 6, 2024

Architects are one of the large group of professionals who are part of the construction project management process. Like the general contractor, engineer or field crew, their work is made more efficient by the use of project management software. But is there project management software for architects?

Software Review

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Calculating the Production Budget (Formula & Example Included)

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

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The Construction Resource Management Process Explained

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.

Construction

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14 Free Software Development Templates for Excel, Word & More

ProjectManager.com

NOVEMBER 12, 2024

Software development lives in a digital world. Why would anyone want to use software development templates? But some software developers and their teams might not be ready to upgrade to project management software. If that’s the case, check out these free software development templates for Excel, Word and more.

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Demand Management: Process, Importance and Tools

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. To do this, though, requires a process. What Is Demand Management?

Process

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Production Tracking: Monitoring the Success of Your Manufacturing Process

ProjectManager.com

JUNE 18, 2024

Then we’ll show how production tracking software and its features can help manufacturing run more efficiently. 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.

Manufacturing

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How to Use Resource Tracking Software for Projects

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. That’s why having resource-tracking software is key to managing a successful project. What Is Resource Tracking?

Software

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Organizational Process Assets: Definitions, Examples & Templates

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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Project Intake Process: Prioritizing Project Requests & Proposals

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

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8 Best Construction Management Software for a Small Business

ProjectManager.com

OCTOBER 24, 2024

Construction projects are more likely to succeed with online project management software. Why should general contractor software be the same? This list of the best construction management software for small a business reviews project management solutions aimed at small contractors. They’re not.

Construction

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10 Best Real Estate Project Management Software

ProjectManager.com

NOVEMBER 13, 2024

Managing real estate projects is better served with real estate project management software than struggling with Excel spreadsheets or, worse, trying to stay organized on loose sheets of paper. What Is Real Estate Project Management Software? Identifying cost overruns early can help keep to the budget.

Software Review

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Planning a Budget for a Proposal in 5 Easy Steps (+ Example)

Rebel’s Guide to PM

MARCH 29, 2024

Do you need to write a budget proposal report? We start with the 5 easy steps to plan and write your budget proposal. A proposal budget is similar to a project budget, but with a very different goal. A proposal budget is similar to a project budget, but with a very different goal. I’ll show you how.

Budget

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How to Create an Event Budget

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.

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Version Control in Project Management Software

ProjectManager.com

SEPTEMBER 17, 2024

Version control in project management is the process that manages and tracks those changes. We’ll answer that question and how project management software like ProjectManager uses version control to store and manage project changes. What Is Version Control in Project Management Software?

Controlling

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What Is an Operating Budget? Key Components & Template Included

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.

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Project Budget Template for Excel

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

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Order Fulfillment: Process, Models & Documentation

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

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Construction Budget: A Quick Guide (with Examples)

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. Learn More!

Construction

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Trello vs. Jira: In-Depth Software Comparison

ProjectManager.com

JULY 31, 2024

There are many project management software products on the market and it can be difficult to decide which is the best choice. Both are project management software tools with similar features. Trello vs. Jira, may the best software win. Both software products are designed for agile project management, though not exclusively.

Software Review

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IT Service Management (ITSM): Frameworks, Processes & Phases

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

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The Order Management Process Explained (Free Templates Included)

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

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10 Top Microsoft Project Management Software, Apps & Tools

ProjectManager.com

SEPTEMBER 18, 2024

That’s why there are so many Microsoft project management software. However, despite Microsoft being a respected name in the space, Microsoft project management software is notoriously expensive, difficult to use and not collaborative, which is why we also feature a project management software alternative.

Software Review

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10 Best Construction Software for Mac (Free & Paid)

ProjectManager.com

JULY 16, 2024

Construction software is essential for general constructors to plan, manage and track projects. There are many options for construction project management software , but most run on PCs. That’s why we’ve compiled this list of the best construction software for Mac. What Is Construction Software for Mac?

Construction

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How to Create Marketing Budget: A Quick Guide

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

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How to Manage Your Project Pipeline With Software

ProjectManager.com

JANUARY 16, 2024

It shows each project as it moves from one stage to the next in the project management process, from initiation to closure. Project management software is a valuable tool for managing your project pipeline. Project Pipeline Management Stages To accomplish the goals of project pipeline management, the process goes through five stages.

Software Review

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Software Project Management: Why It’s Different

ProjectManager.com

SEPTEMBER 6, 2023

Every project is different, of course, but the differences when managing software development projects are especially so, due to its distinct life-cycle processes. What Is Software Project Management? Software project management is the planning, managing and tracking of software development projects. Learn more.

Software Review

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What Is Change Management? Process & Models Explained

ProjectManager.com

FEBRUARY 2, 2023

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. He is known as the inventor of an eight-step process for leading change that has become instrumental in change management strategy.

Change Management

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Process Implementation: A Quick Guide

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

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The Production Process: Steps & Types

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

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The Budgeting Process in Business & Project Management

What Is an IT Budget? IT Budgeting Basics (Template Included)

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7 Budget Templates for Business & Project Budgeting

Webinars

Capital Budgeting: Definitions, Steps & Techniques

Create & Manage a Project Budget Using Software

Project Review Process: A How-to Guide

Bottom-Up vs. Top-Down Budgeting Approaches

Best Project Cost Management Software

Project Budget Template for Google Sheets

How to create a project budget

Business Process Improvement: Steps & Methodologies

Google Sheets Budget Template: Track Business Costs Online

What Is a Business Budget? Business Budgeting Basics

Capital Projects: Capital Planning, Budgeting and Funding

7 Best Project Management Accounting Software

8 Best Project Management Software for Architects

Calculating the Production Budget (Formula & Example Included)

The Construction Resource Management Process Explained

14 Free Software Development Templates for Excel, Word & More

Demand Management: Process, Importance and Tools

Production Tracking: Monitoring the Success of Your Manufacturing Process

How to Use Resource Tracking Software for Projects

Organizational Process Assets: Definitions, Examples & Templates

Project Intake Process: Prioritizing Project Requests & Proposals

8 Best Construction Management Software for a Small Business

10 Best Real Estate Project Management Software

Planning a Budget for a Proposal in 5 Easy Steps (+ Example)

How to Create an Event Budget

Version Control in Project Management Software

What Is an Operating Budget? Key Components & Template Included

Project Budget Template for Excel

Order Fulfillment: Process, Models & Documentation

Construction Budget: A Quick Guide (with Examples)

Trello vs. Jira: In-Depth Software Comparison

IT Service Management (ITSM): Frameworks, Processes & Phases

The Order Management Process Explained (Free Templates Included)

10 Top Microsoft Project Management Software, Apps & Tools

10 Best Construction Software for Mac (Free & Paid)

How to Create Marketing Budget: A Quick Guide

How to Manage Your Project Pipeline With Software

Software Project Management: Why It’s Different

What Is Change Management? Process & Models Explained

Process Implementation: A Quick Guide

The Production Process: Steps & Types

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