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Project Monitoring and Control: Tools & Steps

ProjectManager.com

All are important, especially project monitoring. 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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Tracking Budget Variance in Project Management

ProjectManager.com

There’s a section explaining the importance of tracking budget variance in project management and different project aspects to consider when tracking budget variance. Variance is a measure of how data points differ from the mean. Project managers use budget variance analysis when managing projects.

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How to Manage Project Cash Flow

ProjectManager.com

Projects cost money. Those funds have a life cycle of their own and project managers must understand how those costs come in and out of the project and organization. That process is called project cash flow. We’ll look at project cash flow, what it is and how to calculate and manage it.

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Power BI Gantt Chart: A How-to Guide With Pros, Cons & Alternatives

ProjectManager.com

Microsoft Power BI is a data analysis software that allows you to use various tools such as spreadsheets, pie charts, stacked bars and other types of diagrams to visualize project or business data, including the Power BI Gantt chart. But is Power BI good for project management?

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Importance of Scenario Planning and Analysis in Business

ProjectManager.com

It considers trend analyses and qualitative data, but also examines quantitative data and past events. By using regular and consistent scenario planning, organizations can better allocate resources successfully, mitigate risk and decrease production costs. Scenario planning is different from forecasting.

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Best Cost Control Techniques

ProjectManager.com

ProjectManager is award-winning project management software that has real-time dashboards that help you track project costs variance. Once you’ve set a baseline on our Gantt chart, the live dashboard automatically collects project costs and displays them in an easy-to-read graph that shows the actual, planned and budgeted costs.

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Construction Cost Management: Managing Construction Costs

ProjectManager.com

It’s a hierarchical chart where each line or row is a specific cost type, item, work or organizing activity. The CBS works at the task level to create a bottom-up analysis of project costs. There are also estimating techniques, such as analogy, parametric or statistical and actual costs.