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Tracking Budget Variance in Project Management

ProjectManager.com

Those disruptions can play havoc on a project’s budget. Therefore, project managers are always tracking budget variance to deliver projects without breaking the bank. We’ll define project variance below as well as what a budget variance analysis is. What Is Budget Variance?

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Project Budget Template for Google Sheets

ProjectManager.com

Excel project budget templates are one of the most popular tools to create a project budget. However, Excel isn’t the best tool for project budgeting as it doesn’t allow project team members to collaborate online, sharing files among team members it’s a time-consuming process, among other productivity drawbacks.

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RFI in Construction: A Quick Guide for Contractors

ProjectManager.com

Clarifying information that wasn’t included or unclear in the scope of the construction contract is critical to delivering a project on time, within budget and meeting quality standards. The general contractor will create project plans and schedules with Gantt charts , but subcontractors need different tools to execute their work.

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10 Best Buildertrend Alternatives of 2024 (Free + Paid)

ProjectManager.com

Buildertrend is construction project management software used by residential builders, from custom builders to specialty contractors and remodelers. This cloud-based solution helps to manage projects, reduce errors and increase customer satisfaction. Sadly, Buildertrend has no free trial and only some demo video clips online.

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Construction Budget: A Quick Guide (with Examples)

ProjectManager.com

Creating a construction budget, therefore, is one of the most important pieces when developing a construction plan. How do you create a construction budget, anticipate the costs for a project and track them to make sure you’re not overspending? Let’s take a look at what goes into making a construction budget.

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

ProjectManager.com

Because the construction payment schedule is linked to the project schedule, it should be part of any project plan. Incorporating the construction payment schedule with the execution of the project can be seamlessly achieved with project management software. Each has its advantages and disadvantages.

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

ProjectManager.com

Project documentation, such as the project budget, project schedule or project plan, is critical for the successful delivery of projects. Because of that, as a project manager, you should be familiar with tools to create your project documents. Download Word File 1.