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RFI in Construction: A Quick Guide for Contractors

ProjectManager.com

But how do they know what to work on? This construction document helps subcontractors understand what they need to do if they have any questions. An army of subcontractors each with their own specific discipline complete construction projects. An RFI in construction is a request for information. What Is an RFI in Construction?

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Project Financial Management: Managing Project Financials

ProjectManager.com

To do this requires planning, estimating, budgeting, funding, managing project expenses and billing. 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?

Finance 335
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The 7 Best Blog Posts on Project Management in 2018

ProjectManager.com

People are coming to realize that most everything they do can be considered a project, no matter how big or small. Best Blog Posts on Project Management from ProjectManager.com. So, how can you cut through the noise to find the signal to lead you to a successful completion of your project? How to Create SMART Goals.

2018 262
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Capital Budgeting: Definitions, Steps & Techniques

ProjectManager.com

The use of capital budgeting offers an objective view that helps managers figure out how to invest capital in order to increase business value but also helps the overall health of the company. Capital is money. In finance, capital is money that a company has, such as earnings or credit, which it can spend or invest on assets.

Budget 346
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How to Start a Project in 10 Steps

ProjectManager.com

Knowing how to start a project is one of the most critical skills for any project manager. You need to get to work, but how you get to work is equally important. After you do all this, you’ll have the duration of the project. 10 Simple Steps to Start a Project Projects can seem complicated and they certainly can be.

Estimate 271
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IT Financial Management (ITFM) Best Practices

ProjectManager.com

To accomplish this requires financial governance, creating and controlling an IT budget, tracking expenses and doing cost-benefit analysis of IT investments. Information technology (IT) has found its way into almost every aspect of our lives, both professionally and personally. What Is IT Financial Management (ITFM)?

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Capital Projects: Capital Planning, Budgeting and Funding

ProjectManager.com

When governments or corporations make large investments, they don’t do so without serious planning. There’s a lot of money involved in these capital projects and that means getting the funding and allocating the finances wisely. We’ll end with a few examples of capital projects to make the concept more understandable.

Budget 346