article thumbnail

CM at Risk (CMAR): Pros & Cons of Construction Management at Risk Delivery Method

ProjectManager.com

The elements of any construction project delivery include design, planning, construction and financing. Construction management at risk, also known as CM at Risk or CMAR, is a construction management approach that’s been gaining popularity. What Is Construction Management at Risk? Learn more.

article thumbnail

Service Request Management in IT: Process & Best Practices

ProjectManager.com

When someone makes a request in the information technology (IT) world, whatever that might be, there’s a process involved to fulfill that request. This is called a service request and controlling that process is called service request management. What Is Service Request Management?

Process 317
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Is Contract Administration? Key Practices and Processes

ProjectManager.com

Contract administration is the process of creating a contract between employer and contractor. The process ends when the contract is agreed upon and everyone has signed the dotted line. Execute your construction contracts flawlessly with project management software. Analyzing risks. What is Contract Administration?

Process 448
article thumbnail

The Budgeting Process in Business & Project Management

ProjectManager.com

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. By understanding the budgeting process for business and project management , it’s easier to understand how to make a budget for your company or project.

Budget 247
article thumbnail

Change Control Board: Roles, Responsibilities & Processes

ProjectManager.com

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. A change control board includes representatives of the relevant functional areas of the project in addition to the project manager.

article thumbnail

Project Financial Management: Managing Project Financials

ProjectManager.com

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
article thumbnail

How Project ERP Can Benefit Your Project-Based Organization

ProjectManager.com

Being able to plan, manage and track those resources to meet the needs of a business is called project ERP or enterprise resource planning (ERP) project management. In short, it’s an ERP that uses project management features. It provides a full view into processes, key performance indicators (KPIs) and other metrics.