ProjectManager.com

NOVEMBER 23, 2023

Figuring out what to spend its capital on, such as capital spending on long-term assets, is part of capital budgeting. First, we need to define capital budgeting, what a capital budget is and why it’s important. Then we can go through the capital budgeting techniques and the steps to a capital budgeting process.

Budget 340

Budget Technical Review Software Review Executing 340

Project Risk Coach

JUNE 20, 2022

The Project Management Institute (PMI) released the PMBOK® Guide, Seventh Edition in July 2021. In this article, let's look at each principle and why each one matters with respect to managing risks. Optimize Risk Responses 11. For example, one of the PMBOK® principles is to optimize risk responses.

Risk Management 195

Risk Management Risk Technical Review Underperforming Technical Team 195

ProjectManager.com

SEPTEMBER 16, 2020

A project budget contains the financial details of your project, including the estimates of all the money you need to layout to lead a successful project, from resources to materials. Monitor project expenses with this Excel budget template. The budget is the life’s blood of your project, so you need to monitor it accurately.

Budget 414

Budget Estimate Risk Management Monitoring 414

ProjectManager.com

OCTOBER 14, 2021

Managing a project is difficult. You have a deadlines to meet and budgets to keep. You need to be aware of the project environment and prepare for its influence on your project throughout the project management life cycle. A project environment is all the internal and external forces that exert on your project management.

Closing 323

Closing Initiating Influencer Software Review 323

Rebel’s Guide to PM

SEPTEMBER 22, 2021

Sol Benady is a management consultant, Fintech entrepreneur, and program manager working in the banking sector. I talked to him in the Project Management Club on Clubhouse about project financial management and handling budgets. From Accounting to Program Management. 5 Tips for Managing a Project Budget.

Budget 355

Budget 2015 Retail Governance 355

Project Risk Coach

AUGUST 10, 2020

And one of the most important things to communicate is your risks. How do you communicate risks? Communicating Project Risks 1. We can’t manage expectations if we haven't identified the individuals, groups, and organizations who may impact your project or be impacted by your project. What is the risk?

Risk 418

Risk Risk Management Defining Monitoring 418

ProjectManager.com

JUNE 6, 2023

There’s one thing that all businesses have in common with project management: money. Without funding and the proper budgeting process, projects in any industry grind to a halt. Budgeting is how those funds are spent. But first, let’s define what a budget is and explore the types of budgets and methods for making a budget.

Budget 247

Budget Process Software Review Estimate 247

Project Risk Coach

SEPTEMBER 25, 2017

Learn to Better Manage Enterprise Risks Through Project Risk Management Many organizations have adopted enterprise risk management (ERM) as a way to make better decisions, get stronger operating results, and meet regulatory requirements. What is Enterprise Risk Management? Why is ERM important?

Risk Management 268

Risk Management Risk PMI Technical Review 268

ProjectManager.com

FEBRUARY 3, 2022

Risks will arise and threaten the successful delivery of your project. Using a risk breakdown structure (RBS) is how you prepare for the unexpected. A risk breakdown structure is great for identifying and prioritizing risks so you know which will be more or less impactful. The Four Categories of Risk in a Project.

Risk 363

Risk Underperforming Technical Team Risk Management Technical Review 363

ProjectManager.com

JULY 31, 2018

But if a project isn’t initiated correctly, then those hopes and expectations aren’t anchored in a solid foundation, and your project can drift off course and head for disaster. Of course, there are many steps in the successful execution of a project, but project initiation is the first and, in some ways, the most important step.

Initiating 389

Initiating Technical Review Infrastructure Project Life Cycle 389

Project Risk Coach

SEPTEMBER 25, 2017

Learn to Better Manage Enterprise Risks Through Project Risk Management Many organizations have adopted enterprise risk management (ERM) as a way to make better decisions, get stronger operating results, and meet regulatory requirements. What is Enterprise Risk Management? Why is ERM important?

Risk Management 240

Risk Management Risk PMI Technical Review 240

PM Basics

SEPTEMBER 8, 2022

I’ve been managing software development projects for more than 11 years. 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. You’ll get the whole risk management process below.

Risk Management 104

Risk Management Risk Process Underperforming Technical Team 104

ProjectManager.com

SEPTEMBER 28, 2020

Plan for project risks with this risk register template for Excel. Define risk priority and the potential impact for each. Risk is going to happen, but with this free risk tracking template handy, you can prepare for it and have a response already thought out and in place. Every project has risk.

Risk 282

Risk Software Review Risk Management Underperforming Technical Team 282

ProjectManager.com

JANUARY 23, 2024

When you’re a PMP, program manager or portfolio manager, you need to deliver all those multiple projects on time and within budget. This requires an organization with a well-developed project management process. This is done by using a project management maturity model. What Is Project Management Maturity?

Underperforming Technical Team 330

Underperforming Technical Team Risk Management Software Review Budget 330

Project Risk Coach

JUNE 4, 2023

In the world of project management, troubled projects can be a source of frustration, stress, and disappointment for both teams and stakeholders. These projects often fail to meet their objectives, experience delays, exceed budgets, or even result in complete failure.

Risk Management 243

Risk Management Technical Review Estimate Risk 243

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). Monitoring Risks.

Risk Management 105

Risk Management Risk Planning Technical Review 105

MPUG

NOVEMBER 28, 2022

For most of us, risks and risk management are a part of everyday life. From the time we wake up to the time we settle in for sleep at night, our days are filled with making decisions both big and small that help us manage and prevent potential risks. Five Risk Management Best Practices.

Risk Management 59

Risk Management Risk Underperforming Technical Team Leadership 59

Rebel’s Guide to PM

SEPTEMBER 24, 2023

Tolerances are an important part of being able to work autonomously as a project manager. However, the project sponsor is the person responsible for decisions that affect the project budget and the schedule, where making a change would deviate from the agreed plan. Which level of management sets the project tolerances?

Prince2 323

Prince2 Sustainability Risk Management Budget 323

ProjectManager.com

JUNE 28, 2023

Projects are divided into phases to make them more manageable. Project monitoring and control is how a project manager ensures the plan they’re implementing with the project team goes off without a hitch. There are five phases in the project management process: initiation, planning, execution, monitoring and controlling and closing.

Monitoring 287

Monitoring Controlling Software Review Risk Management 287

Project Risk Coach

JULY 22, 2019

When is risk exposure greatest in a project? Let's look at how to reduce risk exposure early in your projects. Why Risk Exposure Is Greatest in the Beginning So, why is your risk exposure greatest in the beginning? Project managers have the least amount of information. It's actually highest in the beginning.

Risk 268

Risk Risk Management Budget Initiating 268

ProjectManager.com

AUGUST 22, 2023

What qualifications do you need to land a project management job? What Are Project Management Qualifications? Being qualified for a position as a project manager means you have the skills, experience and temperament for the job. Qualified project managers need the right tools for the job. Thanks for watching!

Certification 353

Certification Leadership Risk Management Budget 353

ProjectManager.com

SEPTEMBER 14, 2023

All of these things and more make them a perfect candidate for business project management. Let’s first explore the definition of business project management. Then, we’ll look at the role of a business project manager and the types of projects that a business will manage. What Is Business Project Management?

Software Review 363

Software Review Monitoring Technical Review Risk Management 363

ProjectManager.com

OCTOBER 20, 2023

The construction phase plan is a critical construction project management document that helps to ensure a safe project. At the end of the blog, we’ll provide links to some related construction project management templates that can help you with your construction phase plan. Get started with ProjectManager today for free. Learn more.

Construction 319

Construction Planning Risk Management Estimate 319

ProjectManager.com

OCTOBER 6, 2023

PMO stands for project management office and it’s responsible for the project management standards in an organization. The two others are the program management office and the portfolio management office. They’re responsible for making sure that the related projects are completed on time and within budget.

PMO 341

PMO Software Review Governance Government 341

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. There’s a lot of planning, managing and tracking involved. But what exactly is financial project management? What Is Project Financial Management?

Finance 329

Finance Estimate Budget Risk Management 329

ProjectManager.com

MAY 14, 2024

RAG status begins with understanding the acronym and how RAG status is used in project management. What Is RAG Status in Project Management? It’s a great technique for project managers to get a quick overview of the project, but also serves stakeholders, who want to know the big picture and aren’t interested in the details.

Software Review 195

Software Review Budget Closing Risk Management 195

Rebel’s Guide to PM

FEBRUARY 13, 2023

Table of Contents Why is stakeholder management important to project success? What is stakeholder management? Reduce and Uncover Risk 3. Easier Project Closure Why is stakeholder management important to project success? What is stakeholder management? Need some help with the project budget? Free Resources 2.

Risk Management 433

Risk Management Finance Software Review Risk 433

ProjectManager.com

NOVEMBER 2, 2022

However, in project management, project assumptions are essential for planning a project. Let’s take a look at how project assumptions are defined in project management and why they’re so important. Then we’ll learn about a project assumption log and how assumptions differ from constraints and risk.

Software Review 316

Software Review Risk Management Technical Review Risk 316

Resource Guru

MARCH 7, 2023

If your project isn’t built on a solid foundation at the initial phase of a project it’s far more likely to run into much larger problems further down the line. Let’s take a closer look at the initiation phase of a project life cycle, so that you can make sure your project can stand the test of time (and wind, should that be a factor).

Initiating 98

Initiating Project Life Cycle Risk Management Defining 98

ProjectManager.com

JANUARY 16, 2024

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. We’ll get to that in a moment as well as define project pipeline management. ProjectManager’s roadmaps help you manage your project pipeline.

Software Review 343

Software Review Software PMO Monitoring 343

Rebel’s Guide to PM

APRIL 22, 2024

I mentor project managers, and the types of problems that people come up with on calls are not technical issues for the most part. Or “resources” as we unkindly call people in project management. Why is effective resource management difficult? I’m sure you can think of some poor resource management examples.

Technical Review 275

Technical Review PMO Risk Management Software Review 275

ProjectManager.com

NOVEMBER 27, 2019

What do you need to know to succeed at project management? While there’s some truth to that joke, it’s not helpful to the student or the experienced professional who is looking for a way to understand the myriad responsibilities of being a project manager. What is PMBOK in Project Management? Project Integration Management.

Monitoring 499

Monitoring Risk Management Controlling Technical Review 499

PM Basics

SEPTEMBER 8, 2022

It is hard to imagine what you can do with a project risk. What can you, as a project manager, do to mitigate a risk? Adding some risk reserves and removing requirements from the scope are not the only options. I want to share some stories of risk management with you. Risk of Losing an Important Team Member.

Risk Management 52

Risk Management Risk Underperforming Technical Team Technical Review 52

ProjectManager.com

JANUARY 12, 2024

Finally, we’ll see how project management software allows you to better manage your workforce. Strategic workforce planning is used by an organization or its project management office (PMO) to achieve its long-term plans. Both of these are ways to measure resource management and are interrelated.

Planning 337

Planning Estimate Risk Management Budget 337

ProjectManager.com

APRIL 29, 2022

Project managers know the importance of having project documentation. Creating and managing project documentation throughout the project life cycle is critical for project success, but where to start? The term project documentation refers to the project management documents that are created throughout the project life cycle.

Project Life Cycle 358

Project Life Cycle Software Review Infrastructure Risk Management 358

ProjectManager.com

AUGUST 22, 2023

Knowing how to start a project is one of the most critical skills for any project manager. But even the most complex project can be broken down into simple steps to help make it more manageable. Once that is done, you’ll need project management software to start, execute and deliver the project.

Estimate 267

Estimate Budget Defining Risk Management 267

Rebel’s Guide to PM

JULY 28, 2023

RAG reporting is a good way to draw management’s attention to projects that need support. Let’s learn more about RAG in project management because it’s a really useful, visual way of communicating project status. What is RAG is project management? Senior management support is needed.

Software Review 280

Software Review PMO Risk Management Closing 280