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.

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ProjectManager.com

NOVEMBER 6, 2024

Architects are one of the large group of professionals who are part of the construction project management process. Like the general contractor, engineer or field crew, their work is made more efficient by the use of project management software. But is there project management software for architects?

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ProjectManager.com

MARCH 21, 2022

Creating and managing a project budget can be a daunting task, but it can be easy if you use the right project budgeting software. Projects can have several different types of costs that all need tracking in order to ensure that everything comes in under budget. What Is a Project Budget? Learn More!

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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.

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ProjectManager.com

NOVEMBER 13, 2024

Managing real estate projects is better served with real estate project management software than struggling with Excel spreadsheets or, worse, trying to stay organized on loose sheets of paper. What Is Real Estate Project Management Software? Identifying cost overruns early can help keep to the budget.

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ProjectManager.com

OCTOBER 24, 2024

Construction projects are more likely to succeed with online project management software. But not all construction projects are the same and not all firms in the construction industry are the same. Why should general contractor software be the same? What Is Construction Management Software for Small Businesses?

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ProjectManager.com

DECEMBER 4, 2019

Cost management is the process by which one plans and manages the budget of a business or project. In the case of a project, it helps the project manager estimate what the project will cost and set in place controls by which they can reduce the chance of the project going over budget.

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ProjectManager.com

JANUARY 25, 2024

Projects cost money. Those funds have a life cycle of their own and project managers must understand how those costs come in and out of the project and organization. That process is called project cash flow. We’ll look at project cash flow, what it is and how to calculate and manage it.

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ProjectManager.com

AUGUST 7, 2024

Having this knowledge while still executing the project means that actions can be taken to get the project back on track, either by adjusting the schedule or the project scope. Project management software has features that help general contractors track costs to help them keep to their budgets.

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ProjectManager.com

FEBRUARY 21, 2024

Microsoft Power BI is a data analysis software that allows you to use various tools such as spreadsheets, pie charts, stacked bars and other types of diagrams to visualize project or business data, including the Power BI Gantt chart. But is Power BI good for project management?

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ProjectManager.com

OCTOBER 9, 2024

While an estimate template is a good starting point, read on to learn how project management software can take you across the finish line. Project Estimate Template One of the more important estimate templates is the free project estimate template for Excel. Why not upgrade to project management software?

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ProjectManager.com

JUNE 19, 2024

Companies that use enterprise resource planning (ERP) software to manage their day-to-day business operations are often frustrated by the disconnect between their ERP system and project management system. Acumatica for project management bridges the gap between these processes. Can You Manage Projects With Acumatica?

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ProjectManager.com

AUGUST 14, 2024

Download a free KPI dashboard template to try it out and experience those benefits firsthand or upgrade to project management software instead. A KPI dashboard is a visual tool that displays various metrics in graphical form to help managers track the performance and progress of projects or an organization.

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Software Review Manufacturing Monitoring Risk Management 379

ProjectManager.com

MARCH 8, 2024

We’ll also note the difference between an RFI in construction and other construction project management documents before going into the construction RFI process, the different types of RFIs and more. Get your free RFI Template Use this free RFI Template for Word to manage your projects better. What Is an RFI in Construction?

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ProjectManager.com

MARCH 14, 2024

To better manage projects, one must clearly understand project strategy, who’s responsible for it in the organization and the steps to create a project strategy. We’ll go over that and link to free project management templates that can help you in this process. What Is Project Strategy?

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ProjectManager.com

FEBRUARY 27, 2024

Project planning is one of the first and most important aspects of project management. Using project planning templates can help you schedule tasks, estimate budgets and allocate resources. Download one or all and get your next project started right. Project planning templates are part of project management.

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ProjectManager.com

JANUARY 17, 2022

Therefore, it can be easily argued that the Triple Constraint might be the single most important concept in the history of project management. When used in combination with effective project management software , it can give you the ability to drive your projects to success. Adjust the project budget when necessary.

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ProjectManager.com

MARCH 31, 2023

If you need more help with project management, check out all of our resources and project management tools for reaching your full potential. ProjectManager is powerful project management software that can be used by both experienced and beginner project managers and team members to manage projects.

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ProjectManager.com

MAY 1, 2024

Kanban also moved from physical kanban boards and cards to digital tools equipped with project planning, scheduling and tracking features like ProjectManager. ProjectManager is an award-winning project management software that offers kanban boards with robust features for managing tasks and workflows in any industry.

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ProjectManager.com

JUNE 22, 2022

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.

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Finance Software Review Monitoring Project Cost 378

ProjectManager.com

AUGUST 21, 2019

Projects bring risks, and risks bring unexpected costs. Cost estimation is the process that takes those factors into account, and calculates a budget that meets the financial commitment necessary for a successful project. Excluded costs. 12-Step Process for Cost Estimation. Dynamic Tools.

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ProjectManager.com

DECEMBER 27, 2023

The schedule of values (SOV) is a construction document that’s part of the payment process when working on a project. It helps with project management by listing the project’s scope and the costs associated with those task needed to deliver the project successfully. What Is a Schedule of Values?

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ProjectManager.com

AUGUST 21, 2024

Then, we’ll explore how project management methodologies and techniques can manage professional services projects. Project management software is encouraged, but for those not ready to upgrade, we’ll offer some templates to help with the processes involved in project management for professional services.

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ProjectManager.com

DECEMBER 5, 2023

However, Excel isn’t the best tool for project budgeting as it doesn’t allow project team members to collaborate online, sharing files among team members it’s a time-consuming process, among other productivity drawbacks. Labor Costs Labor costs are one of the key project costs that should go into a project budget.

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Budget Software Review Estimate Project Cost 394

ProjectManager.com

MAY 29, 2024

Manufacturers are no different, except in the areas in which they seek to standardize and streamline their production processes. One way to ensure that these goals are achieved is through project management software. They create the processes, methods and systems to ensure production is as efficient as possible.

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ProjectManager.com

NOVEMBER 21, 2023

We’ll get to that and define the various project financials before getting into the process of managing a project’s finances. What Is Project Financial Management? Project financial management is the process of controlling the financial aspect of a project, such as its cost, revenue and profit.

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ProjectManager.com

OCTOBER 5, 2023

Cost control is a practice performed across businesses in most industries. Cost control works by identifying and reducing expenses to increase the profitability of the company. Cost control as a process begins with budgeting. Just toggle over to the dashboard and monitor costs in real time. Seek it out.

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ProjectManager.com

SEPTEMBER 23, 2020

Projects cost money. Being able to manage and track expenses is what keeps the project within a budget. Stakeholders are not likely to consider the project a success if it costs them too much. Remember the triple constraint: cost, scope and time. You want someone trustworthy to own this process.

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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.

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ProjectManager.com

JULY 30, 2024

Program managers can also use the program roadmap to track progress to ensure that all projects are staying on schedule, budget and keeping to quality standards. This visual representation lays out the projects in a program in a digestible way. Project management software can help program managers create and manage program roadmaps.

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ProjectManager.com

NOVEMBER 23, 2023

Then we can go through the capital budgeting techniques and the steps to a capital budgeting process. Capital budgeting is a process by which investments in large-scale projects are analyzed, evaluated and prioritized. Whatever capital budgeting decisions one makes, project management software can help track those costs.

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ProjectManager.com

APRIL 19, 2024

The name kanban means billboard in Japanese, and you can see why, as the process involves placing tasks represented by cards on physical or digital kanban boards. If you’d like to use kanban boards for managing tasks, projects or workflows you’ll need project management software like ProjectManager. What Is Scrum?

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ProjectManager.com

APRIL 25, 2024

Kanban history has informed everything from manufacturing to software development. The kanban tool has become commonplace in project management and its uses continue to expand. While kanban systems were once analog, they have since moved into the digital space and are often found in project management software.

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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.

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ProjectManager.com

JULY 5, 2023

Knowing exactly what construction cost management means and what a construction cost is can be the difference between project success or failure. We’ll go over those definitions and explain the construction cost management process so you can manage projects better. What Is Construction Cost Management?

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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. What are the lessons learned?

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ProjectManager.com

SEPTEMBER 2, 2021

Like any project management baseline, a cost baseline is used to compare actual spend versus cost estimates. Ideally, the cost estimates and actual project costs numbers should match or, better yet, the actual costs should be lower than the cost baseline. How to Create a Cost Baseline.

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