The IIL Blog

SEPTEMBER 13, 2023

By Alan Zucker We make hundreds of assumptions and take small risks daily. Recovering from these risks may be inconvenient but not horribly impactful. Project assumptions and risks are not as casual. Project assumptions and risks are not as casual. Until we validate them, they are risks.

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Risk Management Risk Cadence 2016 88

ProjectManager.com

MARCH 22, 2024

This contractor payment schedule is defined in the construction contract and sets pay over regular intervals across the project schedule. This sets clear payment terms for the contractor and reduces the risk of them receiving late payments or even no payment at all. Construction project templates can help facilitate this process.

Construction 308

Construction Software Review Budget Defining 308

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 287

Monitoring Controlling Software Review Risk Management 287

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 328

Controlling Manufacturing Construction Underperforming Technical Team 328

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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Underperforming Technical Team Risk Management Software Review Budget 330

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 345

Estimate Software Review Budget Project Cost 345

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 346

Performance Measurement Risk Management Budget Monitoring 346

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 330

Risk Management Project Cost Risk Budget 330

EasyProjects

OCTOBER 19, 2020

This is where project cost management comes into play. While it may sound complicated, project cost management is simply a fancy way of describing how much of an effect the process will have on the company’s bottom line. Types of Project Costs. Pre-project Planning.

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Project Cost Estimate Budget Consulting 98

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?

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Project Life Cycle Software Review Monitoring Budget 399

ProjectManager.com

MARCH 12, 2024

Once one understands what resource requirements are in project management, next there is estimating what those resources will be and managing them. What Are Resource Requirements in Project Management? Resources are anything you need to complete a project including teams, equipment, raw materials and so on.

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Software Review Estimate Defining Budget 332

ProjectManager.com

MAY 16, 2024

Then we’ll explore scenario planning in business and project management before explaining the steps that must be taken to use this process. Scenario planning is a strategy used to consider possible future events for an organization or project to develop an effective and relevant long-term plan to respond positively to that change.

Planning 330

Planning Software Review Underperforming Technical Team Risk Management 330

ProjectManager.com

APRIL 19, 2024

Kanban and scrum are agile project management methodologies that can be used for similar purposes, but each has its unique pros and cons. As a project manager, it’s important to understand the difference between kanban and scrum so you can determine the best approach for your team. What Is Kanban?

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SCRUM Manufacturing 2001 Agile 411

ProjectManager.com

AUGUST 15, 2023

Job costing is a type of accounting method that helps identify project costs and track them to keep to your budget. When doing job costing for a project, you’ll break down your project costs into three areas: labor, materials and equipment or overhead costs.

Manufacturing 280

Manufacturing Construction Estimate Project Cost 280

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

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Risk Risk Management Monitoring Project Cost 335

ProjectManager.com

JULY 5, 2023

But if the construction cost goes over budget, that’s coming out of the contractor’s pocket. That’s why construction cost management is so important. Knowing exactly what construction cost management means and what a construction cost is can be the difference between project success or failure.

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Construction Estimate Monitoring Budget 299

ProjectManager.com

MARCH 20, 2024

Construction projects are structured with schedules, budgets and resource allocation. Many people work on them, from general contractors overseeing subcontractors to architects and, of course, the project owner. It will become evident if the project has been poorly scoped or has unclear specifications and quality requirements.

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Construction Software Review Underperforming Technical Team Estimate 326

ProjectManager.com

AUGUST 22, 2023

Knowing how to start a project is one of the most critical skills for any project manager. A large project (or a small one) starts with the small stuff and builds to something bigger and more complex. 10 Simple Steps to Start a Project Projects can seem complicated and they certainly can be.

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Estimate Budget Defining Risk Management 267

ProjectManager.com

SEPTEMBER 2, 2021

For that to happen, the project must meet its deadline and stay within budget. To create a project budget, you first need to create a cost baseline so you can compare planned spend to actual spend. What is a Cost Baseline in Project Management? Those two elements make up your project budget.

Estimate 308

Estimate Software Review Budget Project Cost 308

ProjectManager.com

SEPTEMBER 28, 2023

To ensure that your project is meeting scheduling and budget milestones, you need to have project metrics to measure your progress and performance. Project metrics are essential to delivering a project on time and within its budget. But what are project metrics? Why are they so important to a project?

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ProjectManager.com

FEBRUARY 3, 2022

But there are a lot of elements to any successful project charter. If you’re new to project management , a project charter template can set you up to make sure you’re hitting all the major points. We’ve included a free project template charter to help as an example of what a project charter should include.

Risk Management 510

Risk Management Budget Defining Software Review 510

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 301

Controlling Risk Management Estimate Budget 301

ProjectManager.com

AUGUST 1, 2023

There are many ways to manage a project. While project management software is the gold standard, there are many free project management templates for Google that you can download to plan, manage and track your projects. They cover all phases of the project through its life cycle.

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Risk Management Budget Monitoring Risk 280

Epicflow Blog

JULY 5, 2022

Estimation of project cost is one of the core practices of the project initiation stage, which becomes the basis for the approved project budget. At the same time, the forecasted cost should not be too overestimated or underestimated. What helps make cost estimation simple and efficient?

Project Cost 52

Project Cost Estimate Process Budget 52

ProjectManager.com

MARCH 6, 2024

While Tableau doesn’t have project management features, you can still use it to make a Gantt chart. In this blog, we’ll learn how to make a Gantt chart in Tableau and explore its key features and limitations. ProjectManager’s Gantt chart is a robust project planning, scheduling and tracking tool.

Software Review 337

Software Review Construction Artificial Inteligence Software 337

ProjectManager.com

OCTOBER 18, 2022

In order to accomplish those goals and meet a tight deadline and an even tighter budget, you need these 10 free manufacturing Excel templates. A production schedule template is an essential part of your supply chain management. Gantt charts have been essential project management tools for over a century.

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Manufacturing Software Review Risk Management Underperforming Technical Team 319

ProjectManager.com

FEBRUARY 21, 2023

A PMO, or project management office, can be an internal department or an external group or agency that defines and maintains the standards for a company’s project management. However, all three can use PMO templates to support project programs and portfolios.

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PMO Software Review Risk Management Risk 244

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? Cost estimates. Risk management.

Controlling 409

Controlling Underperforming Technical Team Estimate Risk Management 409

ProjectManager.com

DECEMBER 14, 2022

You’ve heard it countless times; teams are projects’ most valuable resource. But a project manager has to connect each team member to that work. Resource loading is a process to keep team members fully engaged throughout the project. Project management software can help you with resource loading.

Budget 294

Budget Monitoring Sustainability Software 294

ProjectManager.com

JULY 26, 2023

Before you can start a project — even before you can plan it — you first need to define the project in detail. This allows the project manager to get buy-in from the project’s key stakeholders and ensure all the research has been done to move into the planning phase without any hiccups.

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Initiating Software Review Prince2 Risk Management 279

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!

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Monitoring Risk Management Controlling Technical Review 499

Wrike

OCTOBER 4, 2023

Accurate construction cost estimates are crucial for successful project planning and execution. A well-developed budget lays a solid foundation for managing costs and ensures that projects are completed within financial constraints.

Construction 36

Construction Estimate Budget Technical Review 36

ProjectManager.com

AUGUST 21, 2019

Good cost estimation is essential for keeping a project under budget. 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.

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Estimate Technical Review Project Cost Governance 310

Teamweek

AUGUST 1, 2022

The project is spiraling out of control, scope creep is closing in, and you’re losing sleep because of all the stress. Unfortunately, this scenario is all too common for project managers. . Project cost estimation can be challenging, especially when the project is complicated and has many moving parts.

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Estimate Project Cost Web Development Software Review 52

ProjectManager.com

MAY 26, 2021

For example, a fixed-price contract is only viable for the contractor when they are able to very accurately forecast how much the project will cost. If there are too many variables and unknowns, then setting an arbitrary cost for the work can be too high or too low. It’s too much of a risk to take.

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Risk Management Budget Risk Defining 324

ProjectManager.com

APRIL 29, 2022

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?

Project Life Cycle 358

Project Life Cycle Software Review Infrastructure Risk Management 358

ProjectManager.com

FEBRUARY 24, 2020

You know how it goes—you’re a few months out from a deadline, and your team isn’t anywhere close to finishing the project. You’re quickly running out of budget and time, and you’re starting to stress. Well, you’re not alone at least, as this situation happens to more than 45 percent of all large-scale IT projects. Cost Control.

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Planning Estimate Budget Project Cost 289