ProjectManager.com

FEBRUARY 24, 2020

The answer is a cost management plan. What is a Cost Management Plan? A cost management plan is a method of strategizing the planning and execution of a project’s budget. Of course, this is done in order to complete your project on time and on budget.

Planning 328

Planning Estimate Budget Project Cost 328

ProjectManager.com

SEPTEMBER 10, 2024

Consider that resources are people, equipment, materials and anything else needed to execute the project tasks. This means that resource analysis in project management is the process that project managers use to help them determine the availability of resources, allocate those resources effectively and identify potential constraints.

Software Review 406

Software Review Monitoring Project Life Cycle Budget 406

ProjectManager.com

AUGUST 7, 2024

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. This is especially true for projects that are behind or even ahead of schedule or labor costs.

Construction 383

Construction Software Review Estimate Monitoring 383

ProjectManager.com

NOVEMBER 27, 2019

What do you need to know to succeed at project management? While there’s some truth to that joke, it’s not helpful to the student or the experienced professional who is looking for a way to understand the myriad responsibilities of being a project manager. What is PMBOK in Project Management? Everything!

Risk Management 512

Risk Management Monitoring Controlling Estimate 512

ProjectManager.com

JANUARY 17, 2022

The triple constraint of project management has been given many names – the Project Management Triangle, Iron Triangle, and Project Triangle – which should give you an idea of how important the Triple Constraint is when managing a project. What Is the Triple Constraint in Project Management?

Estimate 516

Estimate Budget Controlling Risk Management 516

ProjectManager.com

FEBRUARY 3, 2022

Projects need approval before they can be executed. A project charter is a project planning document that sells the project to stakeholders and sponsors. But there are a lot of elements to any successful project charter. Follow our quick guide to writing and executing your project management charter below.

Risk Management 521

Risk Management Budget Defining Software Review 521

ProjectManager.com

JULY 5, 2022

It’s not uncommon for organizations to have more plans than they have funds. A capital improvement plan can guide an organization when it’s trying to figure out which large projects or purchases in which they should invest. But what exactly is a capital improvement plan? What Is a Capital Improvement Plan?

Planning 344

Planning Finance Underperforming Technical Team Software Review 344

ProjectManager.com

JULY 30, 2024

A program is a group of related projects that are managed together to reap the maximum amount of benefits. These are long-term projects and represent a major strategic investment for an organization. A program roadmap is a tool that allows program managers to get a high-level overview of all those projects under their purvey.

Software Review 370

Software Review Monitoring Budget Risk Management 370

ProjectManager.com

NOVEMBER 5, 2024

Looking for a specialized tool designed to integrate project management functionalities with financial and accounting capabilities? 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.

Software Review 329

Software Review Software Technical Review Budget 329

ProjectManager.com

AUGUST 10, 2022

A successful project starts with a successful estimate. To properly schedule the work to execute your project, you need to know the timeline, costs, scope, risk and more. All of these considerations are part of project estimation techniques. What Are Project Estimation Techniques?

Estimate 384

Estimate Software Review Risk Management Risk 384

ProjectManager.com

MARCH 2, 2020

If something bad is going to happen on a project, it’s likely related to time, cost or scope. Project managers are well aware of this and spend much of their time planning in order to avoid negative risk and its potential impact. In fact, it works throughout the entire life cycle of a project.

Controlling 413

Controlling Underperforming Technical Team Estimate Risk Management 413

ProjectManager.com

OCTOBER 19, 2022

No one needs to tell you that projects cost money. But how much they’ll cost is an open question. The closer you can come to an accurate forecast of project costs, the more likely you’ll deliver a successful project. Rough order of magnitude (ROM) can help you better estimate project costs.

Estimate 382

Estimate Software Review Budget Project Cost 382

Project Risk Coach

MAY 21, 2018

Featuring baselines, subsidiary plans, and other ancillary plans Do you know the 5Ps? Proper Planning Prevents Poor Performance. If this is true, why is it that some project managers put so little time in developing a project management plan? Every project is different. Think about this.

Underperforming Technical Team 220

Underperforming Technical Team Planning Project Life Cycle PMI 220

ProjectManager.com

JUNE 22, 2022

Project accounting, as with general accounting, is a method by which project managers can manage project finances. Project accounting is not the same as balancing your checkbook or even seeking the service of a certified public accountant as it’s unique to project management. Learn more.

Finance 378

Finance Software Review Monitoring Project Cost 378

ProjectManager.com

AUGUST 14, 2024

Executing a plan, whether a project or a larger organizational strategy, is pointless without monitoring its progress and performance. Expecting everything to fall into place ignores inevitable risks and changes when abstract plans live in the real world. This is why managers use a KPI dashboard to stay on track.

Software Review 379

Software Review Manufacturing Monitoring Risk Management 379

ProjectManager.com

AUGUST 23, 2023

Project risk. Just the word risk can evoke the same kind of primal, fight-or-flight fear in project managers. But risk shouldn’t be feared, it’s just another part of the project to manage. All projects have some element of risk while other projects are inherently high-risk. (We’re

Risk 341

Risk Risk Management Monitoring Project Cost 341

ProjectManager.com

JUNE 28, 2023

Projects are divided into phases to make them more manageable. 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. What Is Project Monitoring and Control?

Monitoring 308

Monitoring Controlling Software Review Risk Management 308

Rebel’s Guide to PM

APRIL 10, 2023

Keeping track of problems on projects is really important if you want to come across as a professional project manager. I use an issues log (it’s an Excel spreadsheet) to make sure I record, remember and manage all the issues on my projects. Why not plan for them just in case on your risk register?

Technical Review 402

Technical Review Risk Management Budget Risk 402

ProjectManager.com

AUGUST 21, 2019

Many costs can appear over the life cycle of a project, and an accurate estimation method can be the difference between a successful plan and a failed one. Projects bring risks, and risks bring unexpected costs. Develop Estimating Plan: Assemble a cost-estimating team, and outline their approach.

Estimate 327

Estimate Technical Review Project Cost Government 327

ProjectManager.com

NOVEMBER 21, 2023

Whether you call it project financial management or project accounting, managing a project’s finances is essential to delivering a successful project. It’s more than just keeping up with costs. There’s a lot of planning, managing and tracking involved.

Finance 370

Finance Estimate Budget Risk Management 370

ProjectManager.com

SEPTEMBER 26, 2019

Before you can plan for your project you have to have the right tools to collect the data you need in order to formulate a strategy—and project management Excel templates are a great place to start. Are you interested in free project management Excel spreadsheets? Action Plan Template.

2019 209

2019 Risk Management Budget Monitoring 209

ProjectManager.com

JANUARY 23, 2024

When you’re a PMP, program manager or portfolio manager, you need to deliver all those multiple projects on time and within budget. This requires an organization with a well-developed project management process. It’s essential to keep projects successful for any organization to thrive.

Underperforming Technical Team 371

Underperforming Technical Team Risk Management Software Review Budget 371

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. Not to be confused with cost management, cost control has its own set of objectives that can save businesses money. Seven Tips for Better Cost Control.

Controlling 322

Controlling Risk Management Estimate Budget 322

ProjectManager.com

SEPTEMBER 16, 2020

There are resources necessary, such as hiring a project team, possibly contracting vendors, maybe parts and a whole slew of other items that need to be paid and accounted for. That’s where the budget comes in during the early planning stages of the project. ProjectManager.com’s Project Budget Template.

Budget 448

Budget Estimate Risk Management Monitoring 448

ProjectManager.com

SEPTEMBER 2, 2021

To create a project budget, you first need to create a cost baseline so you can compare planned spend to actual spend. It’s with this cost baseline that you can make cost estimates for each task of your project and see if you’re on target or overspending. What is a Cost Baseline in Project Management?

Estimate 348

Estimate Software Review Budget Project Cost 348

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. Construction software for Mac is simply construction project management software that can run on Apple products or iOS devices.

Construction 378

Construction Software Review Software Estimate 378

ProjectManager.com

MARCH 31, 2023

Welcome to project management 101. Project management can seem like a daunting discipline, but once you get a grasp of the fundamentals and combine that with some intuition, you’ll be on your way to leading successful projects, no matter your situation. What Is a Project? What Is Project Management?

Project Life Cycle 437

Project Life Cycle Software Review Monitoring Budget 437

ProjectManager.com

OCTOBER 12, 2023

ProjectManager’s API gives customers the tools to develop, implement and manage their own bespoke integrations between two systems. ProjectManager is award-winning project management software that helps you plan, manage and track your projects in real time. Do you have more questions?

Risk Management 370

Risk Management Project Cost Risk Budget 370

ProjectManager.com

OCTOBER 18, 2023

Keeping tabs on the performance of your project is an essential part of project management. Tracking project performance gives project managers the data they need to keep the actual effort of the project aligned with the planned effort and deliver the project on time and within its budget.

Performance Measurement 386

Performance Measurement Risk Management Budget Monitoring 386

ProjectManager.com

JANUARY 10, 2024

Project managers are constantly making requests to the project management office (PMO). A project intake process is beneficial for an organization. We’ll explain why as well as what to look out for when evaluating those project requests. Project management is all about efficiency, after all.

Process 386

Process PMO Software Review Estimate 386

ProjectManager.com

OCTOBER 21, 2022

In project management, a program is a set of related projects that are executed simultaneously by organizations to make the most out of their resources and maximize their return on investment (ROI). Program management requires company-wide collaboration and lots of planning. A program manager oversees this process.

Certification 414

Certification PMI Risk Management Budget 414

ProjectManager.com

SEPTEMBER 11, 2024

When you initially learn about resource tracking, you might wonder how it differs from project management. 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.

Software 365

Software Monitoring Budget Risk Management 365

ProjectManager.com

JANUARY 8, 2021

Using a project estimate template is the perfect way to get your project planning on the right track. Download the Project Estimate Template. Estimating might not be an exact science, but it is one of the most important aspects of planning for a project. ProjectManager.com’s Project Estimate Template.

Estimate 397

Estimate Budget Executing Monitoring 397

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!

Budget 341

Budget Software Review Software Estimate 341

ProjectManager.com

AUGUST 23, 2024

In short, a post-implementation review is a process to evaluate whether the objectives of the project were met. You can also use it to see how effectively the project was managed. This helps to avoid making similar mistakes with future projects and learn how to run the project better.

Software Review 393

Software Review Underperforming Technical Team Closing Project Life Cycle 393

ProjectManager.com

DECEMBER 27, 2023

Creating a schedule of values is important for the project owner, contractor and subcontractors alike. It can be used to communicate what’s needed in the project, the costs associated with the activities and the management of payments. ProjectManager’s Gantt charts manage your human and nonhuman resources.

Construction 403

Construction Estimate Budget Monitoring 403

ProjectManager.com

OCTOBER 5, 2023

Whether you’re managing a project in construction or manufacturing, keeping costs down is paramount. The lower your costs, the higher your profits. This is why in project management and business in general cost control is so important. What Is Cost Control? It’s as simple as that.

Controlling 369

Controlling Manufacturing Construction Underperforming Technical Team 369