article thumbnail

Project Financing Basics: How to Fund a Project

ProjectManager.com

The availability of funds influences project start dates and the scheduling of different phases within the Gantt chart. It also ensures that sufficient liquidity is available throughout the project life cycle to cover expenses and maintain financial stability. Its a hybrid setup with both equity and long-term debt.

Finance 307
article thumbnail

What Is Change Management? Process & Models Explained

ProjectManager.com

They are the determination that there’s a need for change, preparing and planning for that change, implementing that change and, lastly, sustaining the change. Change Order Template Change orders are a fundamental project change management document. Change management stands on four pillars.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Hard Costs vs Soft Costs in Construction: Definitions & Examples

ProjectManager.com

Life safety systems fall under this umbrella, too, such as fire alarm and sprinkler systems, fire escapes and other related systems. LEED Certification for Commercial Real Estate Projects: As sustainable buildings become more in demand, you may need to acquire a LEED certification.

article thumbnail

Top 10 Project Management Methodologies – An Overview

ProjectManager.com

The PMBOK provides definitions and guidelines for project planning, scheduling, executing and controlling. For example, the project management process groups describe the project life cycle while the 10 project management knowledge areas explain how to manage a project. Try ProjectManager for free!

article thumbnail

PRINCE2: The Project Management Method Explained

Rebel’s Guide to PM

You should look at what happened on past projects because that helps mitigate risk on your current project. PRINCE2® encourages you to dig into lessons learned all through the project life cycle to help you make better choices. Document lessons learned for future projects.

Prince2 423
article thumbnail

The PMO Game Changer: A Value-Driven Project Resource Management

The Lazy Project Manager

A value-driven resource management is designed to help a business reduce project resource cost , increase billable/strategic utilization, beat market volatility and more. It can potentially become a key component of business profitability and sustainability. 2 Increase Billable and Strategic Utilization by 10-20%.

PMO 303
article thumbnail

Hot Topics at IIL’s International Project Management Day!

The IIL Blog

as they discuss how to create and sustain a PMO, as well as the role effective power skills play in this process. Now with more complex projects come higher risks, and it is for this reason that we see an emerging need for flexible risk management. Tune in to Mario Arlt, Ph.D. Then join Rodolfo De Acutis, Ph.D. and Leon Herszon, Ph.D.