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The Risk Management Process in Project Management

ProjectManager.com

When you start the planning process for a project, one of the first things you need to think about is: what can go wrong? It sounds negative, but pragmatic project managers know this type of thinking is preventative. Issues will inevitably come up, and you need a mitigation strategy in place to know how to manage risks on your project.

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Best Cost Control Techniques

ProjectManager.com

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. To understand cost control, let’s first define it and then we’ll show the steps you can take to implement cost control.

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Change Control Board: Roles, Responsibilities & Processes

ProjectManager.com

This is why projects have a change control board. Project management is methodical, but change is not. If changes are requested, the change control board shows how those changes are managed with the least amount of disruption to the project’s plan. What Is a Change Control Board? What Is a Change Control Board?

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Production Control: Process, Types and Best Practices

ProjectManager.com

Once the production line is in action, managers need to keep a close eye on what’s happening to ensure they’re meeting the production schedule and delivering goods on time to retailers. Production control is the way that managers keep track of the work being done in the manufacturing facility. What Is Production Control?

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Project Monitoring and Control: Tools & Steps

ProjectManager.com

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. Project controlling involves a lot of steps to thoroughly monitor the project schedule, resources and costs.

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Organizational Process Assets: Definitions, Examples & Templates

ProjectManager.com

There are many things that are needed when managing a project. Some of these are called organizational process assets. These organizational process assets are critical to a project’s success and its operations. What Is an Organizational Process Asset? But there are also tangible items that are just as important.

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7 Tips For Better Cost Control & Expense Control

ProjectManager.com

In order to understand cost control, you must first understand why it is used: monitoring expenses and identifying risks in order to increase profits. Not to be confused with cost management, cost control has its own set of objectives that can save businesses money. What Is Cost Control? What Is Expense Control?