Rebel’s Guide to PM

MARCH 10, 2022

In this article, I’ll explain what Estimate at Completion is for project managers, how to use it (because there are 4 different ways) and give you examples. Estimate at completion (EAC) in project management tells you how much the project will cost when the work is finished. What is the formula for estimate at completion?

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ProjectManager.com

SEPTEMBER 14, 2021

What is a Risk Register? A risk register is a tool in risk management and project management. It is used to identify potential risks in a project or an organization, sometimes to fulfill regulatory compliance but mostly to stay on top of potential issues that can derail intended outcomes.

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ProjectManager.com

JUNE 15, 2022

Software development estimation is an essential part of many projects. Despite its importance, software development estimation is often overlooked. Maybe that’s because it’s difficult to estimate properly. Let’s explore how software development estimation works and its techniques and tools. Learn more.

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Rebel’s Guide to PM

AUGUST 12, 2024

Risk management is a staple skill of project managers. As the project environments we work in get more and more complex, with greater levels of uncertainty and more transformative, disruptive projects, being able to deal with risk remains top of the list of desirable skills for managers in all areas of business.

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Rebel’s Guide to PM

AUGUST 29, 2021

Risks matter. That’s the point of risk management: thinking about what might go wrong before it does, so you can put a plan together to deal with it if it does. However, at the beginning of your project when your risk log is empty, it can be a bit of a challenge to think of all the stuff that might need to go on there.

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ProjectManager.com

JULY 21, 2022

Construction management at risk, also known as CM at Risk or CMAR, is a construction management approach that’s been gaining popularity. But that doesn’t mean CM at risk is right for you as there are pros and cons to this innovative approach. What Is Construction Management at Risk? CM at Risk Pros & Cons.

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ProjectManager.com

JANUARY 24, 2023

Although it’s impossible to predict the future, with these free risk management templates, you can better prepare for the unexpected and be more apt to keep your project on track. There are many project management templates that are designed to help you identify, respond to and track those risks. Learn more 3.

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ProjectManager.com

SEPTEMBER 28, 2020

Plan for project risks with this risk register template for Excel. Define risk priority and the potential impact for each. Risk is going to happen, but with this free risk tracking template handy, you can prepare for it and have a response already thought out and in place. Every project has risk.

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Rebel’s Guide to PM

MARCH 11, 2021

AI can automate many of the repetitive tasks involved in managing projects, like data collection, reporting and status tracking. To start applying AI in project management, you need to know what you are using it for and how the data can help you. PWC predicts that 80% of project management work will be eliminated by 2030.

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Scrum.org

JUNE 23, 2024

Estimation is often viewed through the lens of techniques and tools. Understanding the human psychology behind estimation can lead to better team dynamics and, ultimately, more successful projects. This article delves into the psychological factors influencing Estimation and how to leverage them for better outcomes.

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ProjectManager.com

OCTOBER 29, 2024

Project cost management software is a tool designed to help project managers and teams plan, estimate, budget and control costs throughout the project life cycle. Cost management is a cornerstone of project management and touches on resource management, cost control, cost estimating and much more.

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Rebel’s Guide to PM

SEPTEMBER 8, 2021

The four types of project management methods are: Data gathering and analysis methods Estimating methods Meetings and events Other (because it’s always worth having a bucket category for anything else, right?). Data gathering and analysis methods. They help you collect, assess and evaluate data. Estimating methods.

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Rebel’s Guide to PM

MARCH 18, 2021

The 9 types of artifacts are: Strategy Logs and registers Plans Hierarchy charts Baselines Visual data and information Reports Agreements and contracts Other – a bucket category for anything else. For example, an estimate is the obvious output of the estimating process, so estimates aren’t mentioned again as a separate project artifact.

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Scrum.org

MAY 22, 2024

Estimates are notoriously bad. In the world of agile development, inaccurate estimates can lead to missed deadlines, blown budgets, and frustrated teams. But why is estimation so challenging? Estimates are predictions, and predictions are inherently uncertain. This approach leads to better decision-making.

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ProjectManager.com

AUGUST 7, 2024

Construction crews can log hours on the job site, which means that general contractors are always viewing the most current data. Estimated Project Cost: The total amount for all the costs that the contractor will cover as the construction project is built. WIP reports can also help cost management and control.

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ProjectManager.com

AUGUST 6, 2024

Archiving timesheets gives managers historical data on labor costs that can help better estimate time and costs for future projects. Most timelines are made with Gantt charts , which are divided into two parts: a spreadsheet with the data collected on the left and a timeline showing the entire project on the right.

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Rebel’s Guide to PM

APRIL 8, 2022

Give us more data. Projects generate huge amounts of data. We have forecast and actual dates, timesheets, budgets, databases of lessons learned , risks, issues and changes. Searching historical project data and surfacing relevant information is tough. For example, imagine reviewing estimates from the project team.

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ProjectManager.com

JANUARY 17, 2022

Risk: Risk is inherent to any project. That’s why project managers need to create a risk management plan to explain how project risks will be handled. ProjectManager features a real-time dashboard that presents all the critical project data that impacts the triple constraint.

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ProjectManager.com

OCTOBER 15, 2020

They prefer to minimize risk to the best of their ability and act only when there is more certainty than uncertainty. The answer: consult hard data collected with reporting tools , charts and spreadsheets. You can then use that data to evaluate your decisions with a process called cost benefit analysis (CBA). What Do You Do?

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ProjectManager.com

MAY 3, 2022

Construction estimating is one of the most important parts of landing a construction project. That’s why you need construction estimating software to make your forecast as accurate as possible. Making the decision to get construction estimating software is the easy part. What Is Construction Estimating?

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ProjectManager.com

MARCH 2, 2020

Project managers are well aware of this and spend much of their time planning in order to avoid negative risk and its potential impact. There are many tools that can mitigate risk in a project, but it also takes skill in something called project controls. Cost estimates. Risk management. Methodology. General oversight.

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Scrum.org

APRIL 12, 2022

To get to an answer that provides meaningful information, your Scrum Team first needs to decide how to estimate. As the Product Owner, you need to take the data from the estimated Product Backlog items (PBIs) and choose how to forecast a delivery date. Three Ways to Estimate. Exact Estimation.

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ProjectManager.com

DECEMBER 5, 2019

The PERT chart is used by project managers to estimate the minimum amount of time that will be needed to close a project. This is done by examining the breakdown of the project and the connections there are between tasks, which also helps determine the amount of risk inherent in the project. These are called nodes.

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Scrum.org

FEBRUARY 13, 2024

Estimation is a complementary practice Scrum Teams use in Product D evelopment. The purpose of estimation is to provide a rough idea of how much effort, time, and budget are needed to complete specific features or PBI- Product Backlog Item of the product.

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ProjectManager.com

SEPTEMBER 24, 2021

Work packages are used in earned value management projects to integrate schedule, cost and scope management data to measure project performance. They show whether the work leads to a milestone, identifies risks and how to mitigate them, helps with estimating costs and much more. The Benefits of Work Packages. Try It Free!

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ProjectManager.com

AUGUST 23, 2024

ProjectManager is award-winning project management software that has the tools to plan and track project data through every phase. ProjectManager’s reporting features make it easy to share data during the post-implementation review process. This data can help refine the management of future projects to help teams perform better.

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ProjectManager.com

JULY 16, 2024

Risk management tools also identify risks and track and mitigate issues. Real-time project and portfolio dashboards give a high-level overview to analyze project data and share it with subcontractors. It provides real-time insights for better risk management and keeping projects on schedule and within budget.

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ProjectManager.com

JANUARY 6, 2021

Every task has a start and end date, and the timeline template is where you estimate the duration of each task. Before you can start a project, or even have it approved, the money to run it must be estimated and delivered to stakeholders. Risk Tracking Template. By developing a strategy, risk becomes less risky.

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ProjectManager.com

FEBRUARY 27, 2024

Using project planning templates can help you schedule tasks, estimate budgets and allocate resources. You can even use project planning templates to help you manage your project, track progress and risks. There’s also a section that addresses the project budget, risk and change management, which is essential to stay on track.

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ProjectManager.com

DECEMBER 12, 2023

Subpar bidding tool: Users find Procore’s bidding and estimating functionality problematic, which has been brought to the attention of the software. Projects can also be archived to help with historical data when planning future projects. It’s especially useful for scheduling and has cost-estimating features.

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ProjectManager.com

JULY 12, 2022

The company starts by defining the project and identifying risks. This phase also includes planning and scheduling the scope and cost estimation by analyzing the job’s needs. Our interactive Gantt chart helps you estimate costs, plan resources and organize tasks on a timeline. Construction Estimating. Bidding Process.

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ProjectManager.com

JUNE 12, 2024

They range from basic data visualization tools to specialized Gantt chart software with advanced project planning, scheduling and tracking features. Google Docs Gantt can’t track all the details of project tasks, such as their percentage of completion, estimated costs and critical path activities , among many other things.

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ProjectManager.com

NOVEMBER 21, 2023

To do this requires planning, estimating, budgeting, funding, managing project expenses and billing. It’s estimated by looking at historical data, such as past performance and using that information to predict future performance. Identify Project Risks All projects are risky endeavors.

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ProjectManager.com

AUGUST 27, 2021

This is accomplished by analyzing a company’s sales, customer trends, historical sales and seasonal data. It’s not easy to estimate demand, but the more factors you consider, the more accurate your demand forecasting will be. Taking the time to engage in demand planning can help you mitigate those risks. to round out your plan.

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ProjectManager.com

APRIL 28, 2021

In order to understand cost control, you must first understand why it is used: monitoring expenses and identifying risks in order to increase profits. Cost control is the process of estimating costs in order to plan and adjust a budget. Predicting risks is another key factor in cost control. What Is Cost Control?

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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. That means your estimates have to be accurate, or as much so as you can make them. Monitor project expenses with this Excel budget template.

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ProjectManager.com

MAY 12, 2021

They use this data to bill the employer appropriately over the course of the project. A time and materials contract is used when the project is open-ended or undefined, and an accurate estimate of the time and materials needed cannot be calculated. Related: Free Construction Estimate Template. Plan with Gantt Charts.

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