Remove Budget Remove Closing Remove Project Cost Remove Project Life Cycle
article thumbnail

Project Management Basics: Definitions, Methods and Tools

ProjectManager.com

Each task and phase of the project has a due date, which means your project has a schedule. Budgets are also part of a project. You need money to pay for the resources to meet the demands of the project within the time allotted. A project budget outlines these expenditures. What Is Project Management?

article thumbnail

Project Documentation: 10 Essential Project Documents

ProjectManager.com

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?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Project Budgets: Tips for Estimating & Cost Tracking – Clarizen

Planview

Effective project budget tracking is essential to ensure that project costs do not spiral out of control — and potentially threaten project success. This informative and easy-to-read article explores the basics of project budget tracking , including best practices and a 7-phase methodology.

article thumbnail

125 Project Management Buzzwords

The IIL Blog

hours, personnel needed, and/or tasks) to ensure that a project can be completed on time and within budget. Change Control A formal process of documenting, reviewing, approving, and managing a change to a project’s scope, schedule, budget, or quality parameters. of a project. effectively and efficiently.

article thumbnail

A Complete Guide to PMIS

ProjectManager.com

A project management information system (PMIS) is how information needed to run a project is organized. It collects and uses project information through one or more software applications. What these programs do is help project managers to plan, execute and close their project.

article thumbnail

How to Actually Develop a Project Management Plan

Project Risk Coach

Cost Baseline – approved version of the project budget. What is a project management plan? The Project Management Body of Knowledge (PMBOK) says the project management plan is “the document that describes how the project will be executed, monitored and controlled, and closed.

article thumbnail

Mastering the project life cycle: Your complete guide (+ examples)

Resource Guru

The project life cycle , just like a good story, has a beginning, a middle, and (hopefully) a happy end. The beginning involves the ever-so-important planning; then comes the middle, where teams complete various tasks to move the project closer to completion; and finally, an end to review what went well and what didn’t.