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Rough Order of Magnitude (ROM) Estimate and How to Calculate It (with example)

Rebel’s Guide to PM

What is a ROM estimate used for? A rough order of magnitude estimate is used to give you a very high level view of potential project costs. Ideally, you’d be able to provide a definitive estimate, carefully created from loads of input from subject matter experts and plenty of research on past projects and their budgets.

Estimate 464
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What Is the Project Life Cycle?

ProjectManager.com

There are many different types of projects, but interestingly, they all have one thing in common. They all go through the same cycle, known as the project life cycle, or project management life cycle. What Is the Project Life Cycle? The post What Is the Project Life Cycle?

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Risk Analysis 101: How to Analyze Project Risk

ProjectManager.com

This information will then be used for your risk analysis. Though this process starts at the beginning of the project, it’s an iterative process and continues throughout the project life cycle. Finally, risk management is the overall process that project managers use to minimize and manage risk.

Risk 483
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9 Types of Artifacts in Project Management

Rebel’s Guide to PM

Note: This article was put together before the PMBOK® Guide – 7 th edition was published so the information in it is drawn from publicly available information about what is going to be in the book. And yes, agile project management artifacts get a mention. Visual data and information. Documents are documents.

Logistics 511
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The 5 Phases of the Construction Process (Templates Included)

ProjectManager.com

Then we’ll explain the difference between the construction phases and the project life cycle. To help you manage your construction projects better, we’ll even add a few free templates. Construction projects are carefully planned. All this is to make sure that the project is delivered as designed.

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Project Documentation: 10 Essential Project Documents

ProjectManager.com

Project managers know the importance of having project documentation. Project documents must be accurate and constantly updated to keep current with the project. Creating and managing project documentation throughout the project life cycle is critical for project success, but where to start?

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10 Steps for Successful Project Completion (Templates Included)

ProjectManager.com

This is the last project deliverable and is used to elicit feedback from stakeholders and used to improve future project performance. The project manager creates it to determine project success for senior management. This closes the project, releases project resources and communicates final information to stakeholders.