The IIL Blog

FEBRUARY 28, 2024

By Jorgelina Bross-Puglisi February 28, 2024 Project Managers Have One Key Goal: Project Success By integrating risk management into project management processes, project managers can anticipate and respond to potential challenges, increasing the likelihood of project success. So why not ask AI to give us a hand?

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Risk Management Risk Controlling Artificial Inteligence 162

ProjectManager.com

MARCH 20, 2024

Construction projects are structured with schedules, budgets and resource allocation. To help you once you break ground on your construction project, we’ll throw in some free construction project management templates on estimating, scheduling and budgeting. What Is a Preconstruction Meeting?

Construction 331

Construction Software Review Underperforming Technical Team Estimate 331

Rebel’s Guide to PM

APRIL 18, 2024

The formulation of business cases, risk and problem management, cost control, project scope, budgeting, and schedule management are among the fundamental skills that your apprentices will master in this environment.” So you can see that it’s a more engineering-focused role.

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Construction Engineering Certification Controlling 302

LiquidPlanner

MAY 24, 2022

This notion of contingency analysis shows that when planning or budgeting, we must account for foreseeable risk and factor in the optimal route required with the minimum number of possible detours. Any forecast used to establish baseline budgets will be imperfect, whether for reserve fuel supplies or project contingencies.

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LiquidPlanner

APRIL 4, 2023

LiquidPlanner’s scheduling engine helps you account for uncertainty through ranged estimation and real-time forecasts. In LiquidPlanner, you can use Work Limits to stay on budget and surface Planning Intelligence insights about time your team has logged on a certain project or contract. What to learn more?

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Budget Engineering Estimate Risk 78

ProjectManager.com

AUGUST 23, 2023

Many colleges offer a course of study in project management, but you can also study business management, engineering and other disciplines. They develop strategies, develop IT risk management plans and maintain schedules and budgets. They also work towards reducing risk and provide status reports to clients.

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Manufacturing Construction Certification Engineering 293

ProjectManager.com

DECEMBER 20, 2023

Electrical engineers will have to calculate how much power is necessary for the plant and deal with the control systems. Mechanical engineers will focus on the construction of the structure and civil engineers are responsible for planning the transportation and water utility systems. Here are just a few. It’s ready when you are.

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Construction Transportation Manufacturing Energy 348

ProjectManager.com

JANUARY 11, 2023

They are the owner, who is the one commissioning the work and funds or finances it; the architect or engineer, who is responsible for the design of the project; and the general contractor, who is the person overseeing the day-to-day operations of the project as well as managing the subcontractors.

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Construction Underperforming Technical Team Software Review Engineering 287

ProjectManager.com

NOVEMBER 2, 2023

They monitor work to ensure that it is being done on time and within budget. They’re usually hired by the property owner to make sure that the project is delivered as planned and budgeted. They’ll analyze cost differences to determine which are best and then write up and present the project’s budget.

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Construction Estimate Logistics Engineering 313

Project Pulse Journal

NOVEMBER 24, 2023

By: Dr. Michael Shick, MSPM, PMP, CSM Are you a project manager struggling to predict the risks in your projects accurately during planning? This is where Monte Carlo Simulation transforms the art of project risk management into a more precise science, as part of quantitative risk analysis.

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Risk Management Risk Engineering Estimate 52

ProjectManager.com

JUNE 20, 2023

These construction submittals primarily involve architects and engineers who oversee that process. Only after approval by the architect or engineer will the materials be fabricated and delivered to the construction site. It’ll have to be razed and redone, which negatively affects the construction project schedule and budget.

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Construction Software Review Manufacturing Engineering 318

ProjectManager.com

AUGUST 29, 2023

Agile A methodology for project and product management, typically used to deliver software projects in an iterative way with short bursts of work called “sprints” Though initially designed as a process for IT and engineering projects, it has since been successfully applied to other industries like marketing.

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Software Review Underperforming Technical Team Lean Event Chain 393

LiquidPlanner

AUGUST 15, 2017

Here’s a lesson I’m thankful I learned early in my career: successful engineering projects rely more on non-technical skills than technical skills. One can’t design a building without knowledgeable, skilled structural, MEP, and fire engineers. An airplane isn’t safe unless there are skilled aeronautical engineers involved.

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Engineering Underperforming Technical Team Technical Review Leadership 150

PM Basics

SEPTEMBER 8, 2022

Risk management is arguably the most crucial piece in my project management approach. Therefore, I spent lots of time and effort creating a practical risk management process. Risk management process is a structured approach to identifying, assessing, addressing, and controlling risks. So, let’s dive in!

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Risk Management Risk Process Underperforming Technical Team 104

Epicflow Blog

APRIL 15, 2022

Aircraft engineering is a complex and constantly developing sector of aerospace and defense, where experts from various areas of technical expertise are involved. What drives efficiency of aircraft engineering projects? Tips on Managing Aircraft Engineering Projects with Maximum Efficiency. Apply proper risk management.

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Engineering Aerospace Technical Review Critical Chain 52

ProjectManager.com

APRIL 29, 2022

These documents, such as the project plan, project schedule or project budget, define activities, procedures and guidelines to be followed by the project team. Project documentation has several purposes, such as project planning, cost management or risk management. Risk Register. Project Budget. Project Charter.

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Project Life Cycle Software Review Infrastructure Risk Management 363

Rebel’s Guide to PM

SEPTEMBER 3, 2021

You wouldn’t believe the number of project managers I speak to on mentoring calls who struggle to get their budget approved. If you’re wondering what budget contingency is, then you have come to the right place. Contingency can be defined as additional resources put aside to address potential risk and uncertainty in a project.

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Technical Review Software Review Estimate Risk Management 302

ProjectManager.com

OCTOBER 15, 2020

They prefer to minimize risk to the best of their ability and act only when there is more certainty than uncertainty. An intelligent use of cost benefit analysis will help you minimize risks and maximize gains both for your project and your organization. Project Budget. That’s where our free project budget template comes in.

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Risk Management Consulting Risk Budget 516

The IIL Blog

MAY 29, 2024

By Amit Raj May 29, 2024 Introduction In today’s digital landscape, Search Engine Optimization (SEO) is the backbone of a successfully thriving online business. By having insights on what risks are likely to happen and having a contingency plan in place to curb these issues as and when they occur, you can save your team’s time and effort.

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ProjectManager.com

SEPTEMBER 21, 2023

In that capacity, the general contractor is sort of the project manager to those subcontractors and bridges the communications between them and the project owner, architect and engineer. They’ll work with clients, architects, engineers and subcontractors to deliver a project on time, on budget and to the client’s specifications.

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Construction Software Review Engineering Retail 344

ProjectManager.com

DECEMBER 12, 2023

Add to this, risk management features that help identify, manage and track issues and ProjectManager deserves our top ranking for Procore alternatives. It also needs QuickBooks to retrieve budget actuals and create bills from purchase orders. Get started with ProjectManager today for free. Finally, there’s no free trial to test it out.

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2024 Construction Software Review Technical Review 364

Wrike

OCTOBER 4, 2023

A well-developed budget lays a solid foundation for managing costs and ensures that projects are completed within financial constraints. Understanding the Basics of Construction Budgeting Accurate cost estimation is the cornerstone of construction budgeting.

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Construction Estimate Budget Technical Review 36

PM Basics

FEBRUARY 19, 2020

Do you want to see a project budget example? Project Budget is a tool that calculates the total funds authorized to execute the project. Projeudget Template includes planned expenses for all project activities, including wages, materials, fees, risk reserves, etc. Project Budget is created based on Activities List.

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Budget Software Review Estimate Risk Management 82

ProjectManager.com

OCTOBER 19, 2022

It’s a great tool for determining the costs of your project because, though it’s not 100 percent accurate, it’s statistically on target and better than basing the budget on your gut. Whatever estimate you come up with after doing a rough order of magnitude, you’ll need to track those costs as they accrue to keep to your budget.

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Estimate Software Review Budget Project Cost 351

Scrum.org

JULY 10, 2018

Often I hear people say that Scrum does not take care of risk: there is no risk log, risk is not on the agenda of the Sprint Review or Retrospective as a standard agenda-item. That's a risk right there! If there is not one person accountable for quality, being on time, within budget, building the right thing.

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Risk Management Risk Technical Review Underperforming Technical Team 115

MPUG

MARCH 15, 2024

Somehow, all historical data from projects, documentation, metrics, risk analysis, organization goals, and monitoring, external data (e.g., Working with various AI chatbots that are currently available, another part of the foundation for effective use is what is termed “Prompt Engineering,” which means asking the right question the right way.

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Artificial Inteligence Technical Review Risk Management Healthcare 116

PM Basics

SEPTEMBER 8, 2022

Qualitative risk analysis boosts the chances for project success dramatically. I honestly believe that this risk analysis in more than enough for small and medium projects. Qualitative Risk Analysis is the process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact.

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Risk Risk Management Software Review Technical Review 59

Zen Project Management

SEPTEMBER 24, 2018

The business and finance side of Nokia had the usual tools for assessing financial risks - but why do we not have an equivalent tool for the operational or existential risks when the debts come from the more intangible investment in technology? Budgeting for technical debt There are two parts to budgeting for technical debt.

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Technical Review Budget Underperforming Technical Team Software Review 100

ProjectManager.com

JUNE 30, 2021

A construction project manager job description seeks a candidate who can plan and oversee a construction project from initiation to close with the help of software , resources and a reasonable budget. Balancing the budget. National Council of Examiners for Engineer and Surveying (NCEES). Staying on Budget. Setting Goals.

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Construction Certification Budget Logistics 302

ProjectManager.com

AUGUST 15, 2023

Job costing is a type of accounting method that helps identify project costs and track them to keep to your budget. It tracks all costs and revenue associated with a particular project and is commonly used in construction projects, but it can also be found in manufacturing, engineering, retail, logistics, healthcare and more.

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Manufacturing Construction Estimate Project Cost 286

ProjectManager.com

JULY 5, 2023

But if the construction cost goes over budget, that’s coming out of the contractor’s pocket. Construction cost management is the process of keeping projects on budget. Property owners prefer to work with general contractors who are proactive, efficient and accurate with cost estimation and keeping to their budget.

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Construction Estimate Monitoring Budget 305

PM Basics

NOVEMBER 2, 2020

In this article, you’ll find the real-life project risk management plan example. Below the example, you’ll find all the required information and resources to create your Risk Management Plan quickly and for free. Risk Management Plan Definition. Risk Register, WBS). Risk Management Plan Template.

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Risk Management Risk Planning Technical Review 105

ProjectManager.com

APRIL 19, 2024

Learn more One value of using this method is that it’s easier to identify bottlenecks and other issues that could delay the completion of tasks and address them before they affect your project budget or schedule. Scrum allows you to create flexible project plans that can be adjusted at any point without impacting your project or budget.

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SCRUM Manufacturing 2001 Agile 412

Wrike

SEPTEMBER 2, 2023

In project management, one of the key factors that contributes to the successful completion of a project is a well-structured and comprehensive budget plan. A project budget plan serves as a roadmap for financial control, enabling organizations to allocate resources effectively, monitor expenses, and ensure the project stays on track.

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Budget Controlling Planning Technical Review 36

Rebel’s Guide to PM

JANUARY 28, 2020

A Gantt chart-based online PM software with a first-of-its-kind AI Recommendation Engine and complete Google integration. Not knowing every possible risk and resource for your project. With built-in analytics and reporting, you can receive real-time information and analysis on costs, risks and resources. Feature Overview.

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2010 Engineering Infrastructure Risk Management 286

LiquidPlanner

AUGUST 24, 2017

While engineers learn a lot of valuable skills in school, project management isn’t always one of them. Many engineers end up learning PM skills on the job and on their own time. If you’re an engineer looking to grow your project management skillset, you’re in the right place. Critical Chain by Dr. Eliyahu M.

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Manufacturing Engineering Aerospace Critical Chain 112

ProjectManager.com

JUNE 29, 2022

Pricing for the commercial construction project is based on the size of the build, the budget and the scope of the project from design to breaking ground and completing the build. Value engineering is a process that looks at how to improve functionality and keep costs down and is often used to determine a more accurate, cost-effective plan.

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Construction Software Review Retail Engineering 241