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Project Monitoring and Control: Tools & Steps

ProjectManager.com

All are important, especially project monitoring. Project monitoring and control is how a project manager ensures the plan they’re implementing with the project team goes off without a hitch. Project controlling involves a lot of steps to thoroughly monitor the project schedule, resources and costs.

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Work in Progress (WIP) Report in Construction (Template Included)

ProjectManager.com

General contractors strive to maintain each job’s profit margin, so it makes sense that the construction project will be monitored closely to ensure it’s progressing as planned. ProjectManager’s secure timesheets track labor costs in real time. It should include its profit to date and project costs.

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The 10 Project Management Knowledge Areas (PMBOK)

ProjectManager.com

PMI has divided the large field of project management into 10 more digestible parts, which it calls the 10 project management knowledge areas in its A Guide to the Project Management Body of Knowledge (PMBOK). These are the chronological phases that every project goes through. Project Cost Management.

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Cost Management Basics

ProjectManager.com

The cost management process begins in the planning phase of the project, where the costs are approved by executives before being implemented. Then, when the project is executed, the expenses are carefully monitored and recorded to make sure that they’re aligned with the cost management plan.

Estimate 380
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What Is a Program Roadmap? (Example & Template Included)

ProjectManager.com

Just as there are task dependencies , there are project dependencies. Not identifying these dependencies can cause delays and negatively impact the budget for one or more projects. Project Costs Project costs are the total funds needed to execute and complete each project in the program roadmap.

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Project Management Basics: Definitions, Methods and Tools

ProjectManager.com

Project management is a discipline that consists in using project management methodologies, tools and techniques to manage the project life cycle, which is a set of stages that are common to every project. Execution: The project begins and the project plan is put into action. What Is a Project Manager?

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What Is Project Accounting? Principles, Methods & More

ProjectManager.com

Let’s look at what a project account is as well as its principles and methods. What Is Project Accounting? Project accounting refers to all elements related to financial transactions in a project. This includes everything from project costs, billing and revenue.

Finance 378