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How to Manage a Cross-Functional Team: Tools and Strategies

ProjectManager.com

Here are key strategies to successfully manage a cross-functional team. Strategies to Develop Cross-Functional Teams Why develop cross-functional collaboration in your teams? An approved budget gives everyone a financial roadmap. It visually maps workflows that span multiple departments or teams.

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

ProjectManager.com

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.

Budget 448
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Organizational Project Management (OPM) Basics

ProjectManager.com

Organizations have strategies to achieve their long-term goals, whether that’s to increase sales, launch a new product or build new facilities. 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.

PMO 466
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Capital Budgeting: Definitions, Steps & Techniques

ProjectManager.com

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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Drive Better Results for Your Professional Services Firm Part 2: Deliver Profitable Projects

Speaker: Patrick Connally and Andy Yeomans

Fortunately, these factors can be controlled with the right tools and strategies in place. Professional Services at Microsoft, and Andy Yeomans, Executive Vice President at HSO ProServ, explore strategies firms can take to maximize project performance. Put project and budget controls back in the hands of your project managers.

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Resource Analysis in Project Management: Steps & Free Templates

ProjectManager.com

When resources are managed effectively, the project has a greater chance of being delivered on time and within budget. When creating a budget for a project and managing costs throughout the execution of a project, resource analysis is a valuable tool. Just as resource analysis improves budgeting, it also supports risk management.

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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.

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