ProjectManager.com

JUNE 28, 2023

Project controlling involves a lot of steps to thoroughly monitor the project schedule, resources and costs. There are project monitoring tools, of course, but like everything in project management, there’s a process that we’ll explain. What Is Project Monitoring and Control?

Monitoring 308

Monitoring Controlling Software Review Risk Management 308

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. A work-in-progress (WIP) report is one of the tools used to track the budget. ProjectManager’s secure timesheets track labor costs in real time.

Construction 383

Construction Software Review Estimate Monitoring 383

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

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?

Software Review 397

Software Review 2021 Project Cost Software 397

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.

Construction 389

Construction Project Cost Budget Monitoring 389

ProjectManager.com

MAY 1, 2024

Kanban is all the rage in project management. In fact, kanban has grown so much in popularity, there are now countless project management tools to help people plan and prioritize tasks on kanban boards, which are visual panels with virtual cards that can be moved around by the user to arrange orders of tasks or to-do items.

Software Review 459

Software Review Manufacturing Lean Development Team Review 459

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.

Estimate 380

Estimate Project Cost Budget Governance 380

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.

Finance 378

Finance Software Review Monitoring Project Cost 378

ProjectManager.com

NOVEMBER 27, 2019

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. The vast range of project management tools , terms, skills and knowledge that are within its discipline can be intimidating.

Risk Management 512

Risk Management Monitoring Controlling Estimate 512

ProjectManager.com

DECEMBER 5, 2023

Excel project budget templates are one of the most popular tools to create a project budget. 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.

Budget 394

Budget Software Review Estimate Project Cost 394

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.

Estimate 327

Estimate Technical Review Project Cost Governance 327

ProjectManager.com

JANUARY 17, 2022

Create a project budget based on the estimated costs of the project. Use the project budget as a cost baseline, which is employed to control costs during project execution. Control all project costs to keep spending under the project budget. Related: Free Project Budget Template.

Estimate 516

Estimate Budget Controlling Risk Management 516

ProjectManager.com

FEBRUARY 20, 2024

Project documentation, such as the project budget, project schedule or project plan, is critical for the successful delivery of projects. Because of that, as a project manager, you should be familiar with tools to create your project documents. Microsoft Word is one of those tools.

Software Review 387

Software Review Budget Estimate Executing 387

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

ProjectManager.com

MARCH 6, 2024

Tableau is an analytics platform that allows organizations to visualize their data on powerful yet user-friendly data analysis charts and diagrams powered by machine learning, natural language processing and predictive analytics. While Tableau doesn’t have project management features, you can still use it to make a Gantt chart.

Software Review 378

Software Review Construction Artificial Inteligence Software 378

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. What Are Project Controls? This means saving the project and the organization time and money.

Controlling 413

Controlling Underperforming Technical Team Estimate Risk Management 413

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?

Construction 403

Construction Estimate Budget Monitoring 403

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.

Controlling 416

Controlling Planning Manufacturing Software Review 416

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?

Budget 409

Budget PMO Defining Estimate 409

ProjectManager.com

APRIL 25, 2024

The kanban tool has become commonplace in project management and its uses continue to expand. For those unsure what kanban is, we’ll first explain the kanban system and then go into kanban history from its development to its uses in manufacturing, project management and software development.

Manufacturing 363

Manufacturing 2004 Software Review 2009 363

ProjectManager.com

AUGUST 14, 2024

A KPI dashboard, which stands for key performance indicators, is a tool to measure various metrics. Download a free KPI dashboard template to try it out and experience those benefits firsthand or upgrade to project management software instead. Most of those require being set up in advance to reap the rewards of this valuable tool.

Software Review 379

Software Review Manufacturing Monitoring Risk Management 379

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

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.

Budget 435

Budget Software Review Controlling 2020 435

ProjectManager.com

AUGUST 21, 2024

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. What Is Project Management? It provides legal projection for both the client and the professional services provider.

Software Review 359

Software Review Monitoring Estimate Budget 359

ProjectManager.com

APRIL 30, 2024

That’s why we’ve reviewed Notion’s kanban tool to help you better understand its key features, pros and cons. Yes, Notion has two main project management views, a kanban board and a timeline, which can help you manage your team’s work. ProjectManager offers kanban boards with advanced project management features.

Software Review 369

Software Review 2024 Estimate Monitoring 369

ProjectManager.com

APRIL 19, 2024

Kanban is from Japan, originating in the factories of the Toyota car company in the 60s as a lean manufacturing tool for workflow and inventory management. 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. What Is Kanban?

SCRUM 446

SCRUM Manufacturing 2001 Agile 446

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?

Construction 320

Construction Estimate Monitoring Budget 320

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?

Software Review 393

Software Review Underperforming Technical Team Closing Project Life Cycle 393

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). A program manager oversees this process. Program managers must also be capable of using project and portfolio management software.

Certification 414

Certification PMI Risk Management Budget 414

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

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. ProjectManager’s Gantt charts are powerful planning and scheduling tools. What Is an RFI in Construction?

Construction 352

Construction Software Review Engineering Budget 352

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. Unlike lightweight tools, there’s no lengthy setup required. Seek it out.

Controlling 369

Controlling Manufacturing Construction Underperforming Technical Team 369

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. Contact ProjectManager to learn more.

Construction 408

Construction Manufacturing Finance 2008 408

ProjectManager.com

JULY 5, 2018

They limit a project, and they can quickly endanger your project’s success. Hence, it’s important to know all possible constraints, their influences on each other and the project management tools that address those constraints. Classic Project Management Constraints. Tool for Handling Quality.

Technical Review 379

Technical Review Sustainability Software Review Risk Management 379

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.

Finance 370

Finance Estimate Budget Risk Management 370

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. Capital Budgeting Process There are various ways a company will execute the capital budgeting process.

Budget 381

Budget Technical Review Software Review Executing 381