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The Construction Resource Management Process Explained

ProjectManager.com

There are many different types of construction resources beyond labor and we’ll define them as well as the process for construction resource management. Construction resource management is the process of planning and managing resources on a construction site. What Is Construction Resource Management?

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Project Financial Management: Managing Project Financials

ProjectManager.com

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. But what exactly is financial project management? Learn more What Are Project Financials?

Finance 329
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Schedule of Values in Construction (Example & Template Included)

ProjectManager.com

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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Kanban vs. Scrum: What’s the Difference?

ProjectManager.com

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. The scrum master is the team expert on the process, and they are instrumental in guiding the team to optimize the use of scrum in the project.

SCRUM 411
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What Is a Capital Improvement Plan & How to Create One

ProjectManager.com

It can be used for related planning, engineering, design, appraisal or feasibility study costs. The capital improvement plan is used to coordinate between community planning and fiscal management to determine the location, timing and financing of the capital improvement. This is usually a multi-year project, often four to six years.

Planning 322
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Capital Budgeting: Definitions, Steps & Techniques

ProjectManager.com

In finance, capital is money that a company has, such as earnings or credit, which it can spend or invest on assets. Then we can go through the capital budgeting techniques and the steps to a capital budgeting process. Then we can go through the capital budgeting techniques and the steps to a capital budgeting process.

Budget 340
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What Is a Cost Breakdown Structure (CBS) In Project Management?

ProjectManager.com

Manufacturing a product or constructing a building is a complicated process, which in turn makes determining the price for that product equally difficult to discern. There are many factors that must be considered, and project managers use a cost breakdown structure to help them determine the cost of that product.