Blog - Project Management Update

Resource Requirements in Project Management: A Quick Guide

ProjectManager.com

MARCH 12, 2024

When a project is planned, a set of steps are outlined to deliver a product or service. Think of resource requirements as the fuel that drives all project activities. Once one understands what resource requirements are in project management, next there is estimating what those resources will be and managing them.

Software Review

Software Review Estimate Defining Budget

7 Budget Templates for Business & Project Budgeting

ProjectManager.com

DECEMBER 13, 2023

The project budget is developed during the planning phase of a project. It’s a document that captures the total costs required to complete a project over a specified timeframe. The more accurate your forecast for project costs, the more likely you’ll be able to deliver a successful project and make a profit.

Budget

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Schedule of Values in Construction (Example & Template Included)

ProjectManager.com

DECEMBER 27, 2023

Creating a schedule of values is important for the project owner, contractor and subcontractors alike. It can be used to communicate what’s needed in the project, the costs associated with the activities and the management of payments. The schedule of values is an itemized list of all the project activities.

Construction

Construction Estimate Budget Monitoring

Rough Order of Magnitude (ROM): Understanding ROM Estimates

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

Estimate Software Review Budget Project Cost

Bottom-Up vs. Top-Down Budgeting Approaches

ProjectManager.com

JANUARY 4, 2024

Then we’ll show you how to make a budget using both so you can make an informed decision. Therefore, the company allows each of its departments to set its budgets, including a list of expenses and cost projections, which are then submitted to senior management for review. There are many ways to approach budgeting.

Budget

Budget Software Review Estimate Executing

Trello Kanban Board: Key Features, Pros, Cons & Alternatives

ProjectManager.com

APRIL 4, 2024

That’s why we’ve reviewed Trello’s kanban board and identified its key features, pros and cons to help you better understand how it compares to other kanban software. Yes, Trello is software by Atlassian that offers five project management tools: kanban boards, project timelines, calendars, dashboards and tables.

Software Review

Software Review 2024 Estimate Software

The Construction Resource Management Process Explained

ProjectManager.com

JANUARY 9, 2024

Managing the workforce in a construction project is a complicated endeavor. There are so many different subcontractors and all have to work together to deliver the project on time and within budget. The purpose is to help those projects be delivered on time and within budget. What Is Construction Resource Management?

Construction

Construction Process Estimate Monitoring

The Gantt Chart in Construction Project Management: Understanding the Best Planning & Scheduling Tool

ProjectManager.com

FEBRUARY 15, 2024

Gantt charts have been a fundamental project management tool for over a century, and it’s easy to understand why. They provide a visual overview of project tasks and the timeframe in which they need to be completed. ProjectManager’s construction Gantt charts help you plan, manage and track projects in real time.

Construction

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Jira Kanban Board: Pros, Cons & Alternatives

ProjectManager.com

APRIL 2, 2024

Jira is project management software designed for agile software development teams. However, a Jira kanban board can also be used for managing simple workflows, tracking project progress and improving team collaboration by organizations in other industries. Does Jira Have a Kanban Board? Get started with ProjectManager today for free.

Underperforming Technical Team

Underperforming Technical Team Software Review 2024 Software Developers

Project Financial Management: Managing Project Financials

ProjectManager.com

NOVEMBER 21, 2023

Whether you call it project financial management or project accounting, managing a project’s finances is essential to delivering a successful project. But what exactly is financial project management? What Is Project Financial Management? Naturally, project management software facilitates these benefits.

Finance

Finance Estimate Budget Risk Management

Best Cost Control Techniques

ProjectManager.com

OCTOBER 5, 2023

Whether you’re managing a project in construction or manufacturing, keeping costs down is paramount. This is why in project management and business in general cost control is so important. Learn how cost control can help you better manage construction or manufacturing projects. It’s as simple as that.

Controlling

Controlling Manufacturing Construction Underperforming Technical Team

Calculating the Production Budget (Formula & Example Included)

ProjectManager.com

NOVEMBER 3, 2023

Making more than the market will support is going to lead to extra costs in production and warehouse that can bust the bank. We’ll answer those questions and then show you how to make a production budget so you’re always producing what your customers want. Project management software can help. Learn more.

Budget

Budget Manufacturing Software Review Estimate

Notion Gantt Chart: Key Features, Pros and Cons

ProjectManager.com

MARCH 28, 2024

Notion is work management software that helps teams from across industries such as product development, engineering or marketing to facilitate team communication, manage tasks and create simple project timelines. While Notion has project management features, is there a Notion Gantt chart? We’ll get to that in a moment.

Software Review

Software Review Estimate Monitoring Project Cost

Project Estimation Techniques: A Quick Guide

ProjectManager.com

AUGUST 10, 2022

A successful project starts with a successful estimate. To properly schedule the work to execute your project, you need to know the timeline, costs, scope, risk and more. All of these considerations are part of project estimation techniques. What Are Project Estimation Techniques?

Estimate

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12 Free Project Planning Templates for Excel and Word

ProjectManager.com

FEBRUARY 27, 2024

Without a plan, projects are in trouble. Project planning is one of the first and most important aspects of project management. Using project planning templates can help you schedule tasks, estimate budgets and allocate resources. Download one or all and get your next project started right.

Planning

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How to Make a Contractor Payment Schedule in Construction (Template Included)

ProjectManager.com

MARCH 22, 2024

Construction projects are often long and complicated endeavors. What’s included in the contractor payment schedule and the different types are a critical part of the professional relationship between the project owner and the general contractor. The contractor payment schedule is how contractors in construction projects are paid.

Construction

Construction Software Review Budget Defining

What Should You Include in Your Preconstruction Meeting Agenda?

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. A preconstruction meeting ensures that all those parts are working together on a common goal.

Construction

Construction Software Review Underperforming Technical Team Estimate

RFI in Construction: A Quick Guide for Contractors

ProjectManager.com

MARCH 8, 2024

An army of subcontractors each with their own specific discipline complete construction projects. But how do they know what to work on? 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.

Construction

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Parametric Estimating In Project Management

ProjectManager.com

SEPTEMBER 9, 2022

Every project, regardless of the industry, uses a methodology to estimate time and cost to better plan projects. In the life sciences, engineering and construction industries, the method often used is called parametric estimating. Parametric estimating is often used as it’s reliable. What Is Parametric Estimating?

Estimate

Estimate Construction Monitoring Planning

How to Make a Construction Phase Plan (Templates Included)

ProjectManager.com

OCTOBER 20, 2023

Construction projects come big and complex as well as small and simple, but one thing they all share is a construction phase plan. The construction phase plan is a critical construction project management document that helps to ensure a safe project. What Is a Construction Phase Plan?

Construction

Construction Planning Risk Management Estimate

Tableau Gantt Chart: A How-to Guide With Pros, Cons & Alternatives

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.

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Software Review Construction Artificial Inteligence Software

Making a Construction Estimate: 5 Tips for Better Outcomes

ProjectManager.com

APRIL 27, 2021

Budgets are a foundational pillar of any successful construction project. How can you make sure that the money you ask for at the beginning of the project will be enough to see you through the end? It requires a construction estimate to ensure the most accurate findings. What Is a Construction Estimate?

Construction

Construction Estimate Budget Monitoring

What Is a Burn Up Chart In Agile Project Management?

ProjectManager.com

FEBRUARY 14, 2023

The ability to measure progress is how project managers keep projects on track. But if you’re working in an agile environment, the Gantt chart isn’t the right tool for your iterative approach to project management. Let’s define it, explain when it’s used and explore how to make one.

Agile

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Software Development Estimation: A Quick Guide

ProjectManager.com

JUNE 15, 2022

Software development estimation is an essential part of many projects. Even before the planning stage , it’s critical to create an accurate forecast of the project’s duration, costs and more. Despite its importance, software development estimation is often overlooked. What Is Software Development Estimation?

Software Developers

Software Developers Software Development Estimate Software Review

Project Intake Process: Prioritizing Project Requests & Proposals

ProjectManager.com

JANUARY 10, 2024

Project managers are constantly making requests to the project management office (PMO). A project intake process is beneficial for an organization. We’ll explain why as well as what to look out for when evaluating those project requests. What Is the Project Intake Process? That’s normal.

Process

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What Is an Operating Budget? Key Components & Template Included

ProjectManager.com

MAY 16, 2023

An operating budget is a tool that helps business owners and project managers alike to look at the long-term financial needs of their organization or project. It’s instrumental in forecasting the budget needed to run your business or project. It provides a more detailed and accurate estimate by breaking down your expenses.

Budget

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Organizational Resources Basics: Managing Company Resources

ProjectManager.com

DECEMBER 29, 2023

Managing a program or portfolio of projects involves many things, but utmost importance should be given to resource management, especially organizational resources. Organizational resources are concrete materials and tangible assets that support the program or portfolio of projects, including practice improvements and service delivery.

Manufacturing

Manufacturing Monitoring Finance 2024

General Conditions in Construction: Definitions & Best Practices

ProjectManager.com

MAY 30, 2023

If you’re a general contractor working in construction project management, you’ll need to know about general conditions. We’ll go further, explaining how to estimate general condition costs and how general conditions compare to construction specifications and general requirements. We’ll get to that later.

Construction

Construction Infrastructure Estimate Defining

Construction Cost Management: Managing Construction Costs

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. Knowing exactly what construction cost management means and what a construction cost is can be the difference between project success or failure. What Is Construction Cost Management?

Construction

Construction Estimate Monitoring Budget

How to Make a Construction Timesheet With Timesheet Software

ProjectManager.com

DECEMBER 19, 2023

Construction sites are busy with subcontractors and other crews working on various smaller projects that will lead to the final build. Following that, we’ll go step-by-step on how to make a construction timesheet and provide you with a free template to download to help you get started with your construction timesheets.

Construction

Construction Software Review Software Executing

10 Key Construction Job Titles: Overview & Salary

ProjectManager.com

NOVEMBER 2, 2023

We explain what each is and offer a salary average to see how much you can expect to earn or pay for one of these construction management roles. 10 Key Construction Job Titles As we mentioned, it takes a lot of professionals to plan, manage and complete a construction project. Below, you’ll find the top 10 construction job titles.

Construction

Construction Estimate Logistics Engineering

Workforce Planning Basics for Businesses and PMOs

ProjectManager.com

JANUARY 12, 2024

One way to make sure you’re supporting your team and project alike is with workforce planning. Then we’ll help you with the workforce planning process and explain the benefits of using workforce planning in your projects. Finally, we’ll see how project management software allows you to better manage your workforce.

Planning

Planning Estimate Risk Management Budget

What is Level of Effort (LOE)? Plus, 5 Tips for Effort Estimation

ProjectManager.com

JULY 21, 2021

Level of effort (LOE) is a project management term that refers to a specific type of project activity called support activities. Therefore, the level of effort is how much work these tasks will take to complete. This work can take many forms, such as updating project documents, maintaining equipment, submitting expenses, etc.

Estimate

Estimate Energy Planning Software Review

Production Capacity: Formula, Examples

ProjectManager.com

SEPTEMBER 20, 2023

It informs their production planning, helps them give their customers more accurate lead times and forecasts cash flow. Then we’ll explain how to measure production capacity and provide a couple of examples to better illustrate it. Knowing production is critical for manufacturers when making long-term and short-term business decisions.

Manufacturing

Manufacturing Lean Estimate Software

Material Takeoff (MTO) in Construction: A Quick How-to Guide

ProjectManager.com

JULY 13, 2022

Material takeoff is part of a detailed and effective construction cost estimate. The more accurately you can forecast your construction project cost, the better. Let’s explore what is material takeoff and why it’s so important in construction project management. Start today for free. Learn more.

Construction

Construction Estimate Monitoring Budget

What Is an IT Budget? IT Budgeting Basics (Template Included)

ProjectManager.com

NOVEMBER 30, 2023

Managing information costs and managing information security for those costs are part of making an IT budget. First, we need to understand what an IT budget is, how often they’re made and what is the best size for one. Planning and managing these resource costs in an IT budget can be facilitated by project management software.

Budget

Budget Software Review Infrastructure Monitoring

How to Build and Implement a Project Strategy

ProjectManager.com

MARCH 14, 2024

Every project is different. Project strategy is the plan that defines a project, which is why project management strategy is so important. 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.

Budget

Budget PMO Defining Estimate

Types of Construction Specifications: Key Things to Consider

ProjectManager.com

APRIL 26, 2023

Then we’ll go a step further by offering free templates and software that can help with construction project management. Construction specifications are the products, materials and work that are defined in a construction contract between a construction owner and the construction manager hired to deliver the project.

Construction

Construction Software Review Estimate Executing

Create & Manage a Project Budget Using Software

ProjectManager.com

MARCH 21, 2022

Whether you’re a numbers person or not, as a project manager, ownership of a budget is usually a key part of your job responsibilities. Creating and managing a project budget can be a daunting task, but it can be easy if you use the right project budgeting software. What Is a Project Budget? Learn More! Learn More!

Budget

Budget Software Review Software Estimate

The Importance of Operational Project Management for Businesses

ProjectManager.com

APRIL 23, 2024

Some projects are done internally within an organization. This is called operational project management. To better understand operational project management requires defining what an operational project is, how it differs from strategic projects and what operational project management is.

Software Review

Software Review Monitoring Technical Review Budget

How to Make a Gantt Chart in PowerPoint (Template Included)

ProjectManager.com

NOVEMBER 1, 2023

Gantt charts are one of the most important project management tools there are. That’s why project managers use them to manage projects of all sizes across industries such as construction, manufacturing, marketing and many more. In this guide, we explain how to make a Gantt chart in PowerPoint.

Software Review

Software Review Estimate Manufacturing Construction

Industrial Construction: Examples of Industrial Projects

ProjectManager.com

DECEMBER 20, 2023

In this post, we’ll define industrial construction and how it differs from the rest of commercial construction. Finally, we’ll offer links to a few free construction project management templates to help manage industrial construction projects. ProjectManager’s Gantt chart helps you manage your industrial construction projects.

Construction

Construction Transportation Manufacturing Energy

How to Manage Your Project Pipeline With Software

ProjectManager.com

JANUARY 16, 2024

Projects have a beginning, middle and end. That’s called the project life cycle. When you’re a project management office (PMO) or program or portfolio manager, you’re going to have to deal with multiple projects in various stages of the project pipeline. What is a project pipeline?

Software Review

Software Review Software PMO Monitoring

What Is a Business Budget? Business Budgeting Basics

ProjectManager.com

JULY 11, 2023

This blog also explains the importance of business budgeting and details how to create a business budget. Finally, we’ll show you how to manage a business budget to keep your business viable. Finally, we’ll show you how to manage a business budget to keep your business viable. What Is a Business Budget?

Budget

Budget Software Review Estimate Risk Management

Resource Requirements in Project Management: A Quick Guide

7 Budget Templates for Business & Project Budgeting

Trending Sources

Schedule of Values in Construction (Example & Template Included)

Rough Order of Magnitude (ROM): Understanding ROM Estimates

Bottom-Up vs. Top-Down Budgeting Approaches

Trello Kanban Board: Key Features, Pros, Cons & Alternatives

The Construction Resource Management Process Explained

The Gantt Chart in Construction Project Management: Understanding the Best Planning & Scheduling Tool

Jira Kanban Board: Pros, Cons & Alternatives

Project Financial Management: Managing Project Financials

Best Cost Control Techniques

Calculating the Production Budget (Formula & Example Included)

Notion Gantt Chart: Key Features, Pros and Cons

Project Estimation Techniques: A Quick Guide

12 Free Project Planning Templates for Excel and Word

How to Make a Contractor Payment Schedule in Construction (Template Included)

What Should You Include in Your Preconstruction Meeting Agenda?

RFI in Construction: A Quick Guide for Contractors

Parametric Estimating In Project Management

How to Make a Construction Phase Plan (Templates Included)

Tableau Gantt Chart: A How-to Guide With Pros, Cons & Alternatives

Making a Construction Estimate: 5 Tips for Better Outcomes

What Is a Burn Up Chart In Agile Project Management?

Software Development Estimation: A Quick Guide

Project Intake Process: Prioritizing Project Requests & Proposals

What Is an Operating Budget? Key Components & Template Included

Organizational Resources Basics: Managing Company Resources

General Conditions in Construction: Definitions & Best Practices

Construction Cost Management: Managing Construction Costs

How to Make a Construction Timesheet With Timesheet Software

10 Key Construction Job Titles: Overview & Salary

Workforce Planning Basics for Businesses and PMOs

What is Level of Effort (LOE)? Plus, 5 Tips for Effort Estimation

Production Capacity: Formula, Examples

Material Takeoff (MTO) in Construction: A Quick How-to Guide

What Is an IT Budget? IT Budgeting Basics (Template Included)

How to Build and Implement a Project Strategy

Types of Construction Specifications: Key Things to Consider

Create & Manage a Project Budget Using Software

The Importance of Operational Project Management for Businesses

How to Make a Gantt Chart in PowerPoint (Template Included)

Industrial Construction: Examples of Industrial Projects

How to Manage Your Project Pipeline With Software

What Is a Business Budget? Business Budgeting Basics

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