ProjectManager.com

NOVEMBER 29, 2023

IT financial management (ITFM) covers the costs of keeping our network, servers and devices running. IT financial management is a bit more complicated than that and we’ll explain by more thoroughly defining the term. Then we’ll list the professionals who are tasked with IT financial management and their key objectives.

Infrastructure 321

Infrastructure Finance Executing Governance 321

Rebel’s Guide to PM

FEBRUARY 12, 2024

I bet your project sponsor expects you to dive into the detail and understand why a line of code isn’t working, and strategically advise on business benefits as a result of your project… and everything in between. Learn how to help your team manage risk so you can split the work between you.

Finance 324

Finance Risk Management Budget Risk 324

ProjectManager.com

NOVEMBER 7, 2023

Projects cost money. But what’s harder to discern is if the project is worth the investment. The last thing stakeholders want is to discover the project isn’t financially effective. The cost performance index is a way to measure the financial performance of a project. Project costs can vary.

Project Cost 373

Project Cost Budget Performance Measurement Manufacturing 373

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.

Certification 356

Certification Leadership Risk Management Budget 356

Rebel’s Guide to PM

MAY 7, 2023

Project managers are often faced with the challenge of managing complex projects and ensuring that they stay on track. I’ll confess: when I started out as a project manager, this was a piece of jargon that honestly didn’t mean much at all? But what is an organizational process asset (OPA)?

Process 427

Process Technical Review Software Review Influencer 427

ProjectManager.com

MAY 29, 2024

Then we’ll explore shop floor management, what a shop floor manager does and best practices to achieve the benefits of effective shop floor management. Before understanding shop floor management, it’s important to know what a shop floor is. It is part of the larger shop floor management, which we’ll get into next.

Controlling 371

Controlling Planning Manufacturing Software Review 371

ProjectManager.com

DECEMBER 27, 2023

Creating a schedule of values is important for the project owner, contractor and subcontractors alike. It can be used to communicate what’s needed in the project, the costs associated with the activities and the management of payments. The schedule of values is an itemized list of all the project activities.

Construction 367

Construction Estimate Budget Monitoring 367

ProjectManager.com

MARCH 12, 2024

When a project is planned, a set of steps are outlined to deliver a product or service. Think of resource requirements as the fuel that drives all project activities. Once one understands what resource requirements are in project management, next there is estimating what those resources will be and managing them.

Software Review 336

Software Review Estimate Defining Budget 336

ProjectManager.com

JANUARY 25, 2024

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.

Construction 354

Construction Project Cost Budget Monitoring 354

Rebel’s Guide to PM

APRIL 7, 2023

Professional learning is so important and there are some fantastic courses available on Coursera, which is a really good online learning platform. That makes it possible to test out a lot of courses and see which one is going to meet your learning objectives – even if that is simply to earn PDUs! That’s a lot to work through!

Software Review 443

Software Review Certification Finance SCRUM 443

ProjectManager.com

SEPTEMBER 28, 2023

To ensure that your project is meeting scheduling and budget milestones, you need to have project metrics to measure your progress and performance. Project metrics are essential to delivering a project on time and within its budget. But what are project metrics? Why are they so important to a project?

Budget 328

Budget Risk Management Software PMI 328

Rebel’s Guide to PM

MAY 22, 2022

What does it mean to be a great project sponsor? The project sponsor’s role is diverse. It’s far more than being a figurehead for the project. Below you’ll find 10 tips for being a good sponsor, drawn from Strategies for Project Sponsorship by James, Taylor and Rosenhead. Get the right project resources.

2012 379

2012 2013 Risk Management PMI 379

ProjectManager.com

OCTOBER 18, 2023

Keeping tabs on the performance of your project is an essential part of project management. Tracking project performance gives project managers the data they need to keep the actual effort of the project aligned with the planned effort and deliver the project on time and within its budget.

Performance Measurement 351

Performance Measurement Risk Management Budget Monitoring 351

ProjectManager.com

JANUARY 9, 2024

Managing the workforce in a construction project is a complicated endeavor. There are so many different subcontractors and all have to work together to deliver the project on time and within budget. Resources in construction are managed by construction resource management. What Is Construction Resource Management?

Construction 353

Construction Process Estimate Monitoring 353

ProjectManager.com

MAY 9, 2024

Projects are planned, but those plans are rarely executed with changes. Those disruptions can play havoc on a project’s budget. Therefore, project managers are always tracking budget variance to deliver projects without breaking the bank. Neither is preferable to keeping to or staying under the project budget.

Budget 303

Budget Estimate Software Review Project Cost 303

ProjectManager.com

JANUARY 27, 2023

Controlling risk is one of the most important areas of project management. Project managers need to know how to identify, track and mitigate project risk. Let’s learn what is project risk, some common examples and how can you manage it. What Is Project Risk? Get started for free today.

Risk 398

Risk Risk Management Project Life Cycle Software Review 398

ProjectManager.com

NOVEMBER 23, 2023

Capital budgeting is a process by which investments in large-scale projects are analyzed, evaluated and prioritized. The use of capital budgeting offers an objective view that helps managers figure out how to invest capital in order to increase business value but also helps the overall health of the company. It’s ready when you are.

Budget 345

Budget Technical Review Software Review Executing 345

ProjectManager.com

DECEMBER 13, 2023

The project budget is developed during the planning phase of a project. It’s a document that captures the total costs required to complete a project over a specified timeframe. The more accurate your forecast for project costs, the more likely you’ll be able to deliver a successful project and make a profit.

Budget 350

Budget Construction Estimate Executing 350

Rebel’s Guide to PM

MARCH 14, 2024

We gathered 57 of the top AI in project management statistics to help understand this key development in technology. Recent advancements in tech have changed how project managers work in 2024. It covers everything from the impact of AI replacing jobs to how AI is used to support the delivery of projects.

Artificial Inteligence 377

Artificial Inteligence Technical Review 2028 PMI 377

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. Another way to look at a budget is as a financial plan. Using a budget is essential to undertaking any financial endeavor successfully.

Budget 250

Budget Process Software Review Estimate 250

Rebel’s Guide to PM

NOVEMBER 21, 2022

Teamhood is a Kanban project management system for teams. It’s a visual, flexible tool that is perfect for small and medium businesses who want to improve how they manage projects. In my experience, those companies are proactive, project-led businesses like agencies, engineering, software and manufacturing firms.

Software Review 398

Software Review Software Agile Estimate 398

ProjectManager.com

MAY 16, 2023

An operating budget is a tool that helps business owners and project managers alike to look at the long-term financial needs of their organization or project. It’s instrumental in forecasting the budget needed to run your business or project. Learn more Why Should You Use an Operating Budget?

Budget 300

Budget Software Review Estimate Software 300

Rebel’s Guide to PM

JANUARY 12, 2024

Learn more We earn a commission if you click this link and make a purchase, at no additional cost to you #ad Best for workflows SmartSuite Smart, powerful, process-led tracking ideal for teams who want customization to build their own trackers, plans and workflows, without the overhead of developers. How do teams manage without Atlassian?

Risk Management 329

Risk Management Finance Software Risk 329

ProjectManager.com

NOVEMBER 22, 2023

There’s a lot of money involved in these capital projects and that means getting the funding and allocating the finances wisely. Let’s take a look at capital projects, explore the idea of a capital asset and delve into the process of capital planning. What Is a Capital Project? Learn more What Is a Capital Asset?

Budget 345

Budget Software Review Planning Construction 345

ProjectManager.com

OCTOBER 5, 2023

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. Learn how cost control can help you better manage construction or manufacturing projects. It’s as simple as that.

Controlling 333

Controlling Manufacturing Construction Underperforming Technical Team 333

ProjectManager.com

DECEMBER 29, 2023

Managing a program or portfolio of projects involves many things, but utmost importance should be given to resource management, especially organizational resources. To start, resources can include labor, management, expertise, equipment, finances, energy, land and time. That is, money that keeps projects operating.

Manufacturing 335

Manufacturing Monitoring Finance Construction 335

ProjectManager.com

OCTOBER 24, 2023

IT service management (ITSM) is the process of how those services meet the needs of the end users who employ them. Over the course of this blog, we’ll discuss how ITSM is implemented, managed and delivered to meet the needs of an organization and how project management software can help facilitate those processes.

Process 329

Process Infrastructure Information Technology Monitoring 329

ProjectManager.com

FEBRUARY 28, 2024

ProjectManager is not only powerful project and portfolio management software but also has over 100 free project and portfolio management templates for Excel and Word, including these strategic planning templates. Portfolio management software goes where strategic planning templates cannot.

Planning 331

Planning Underperforming Technical Team Software Review Defining 331

ProjectManager.com

APRIL 25, 2023

Whether you’re running a company or a project, you’re going to have to deal with a budget. To ensure you’re keeping to that ever-important operating budget, you’ll be making a regular budget report as well as referencing financial statements. A budget report is a financial picture of a business or project over a specific time period.

Budget 279

Budget Software Review Estimate Finance 279

Rebel’s Guide to PM

JANUARY 31, 2023

Would you like to make 2023 a successful year for your projects? A while back, I asked project management experts w hat we should be aware of as we go into the new year to achieve their most successful year ever? I’m sure you take away tips and ideas for making this your best year yet managing projects at work.

2023 409

2023 Technical Review Artificial Inteligence Underperforming Technical Team 409

ProjectManager.com

AUGUST 18, 2022

Regarding project management, an audit trail is a way to deliver projects on time and within budget. An audit trail isn’t only used in project management and it serves many industries. An audit trail captures the details of a financial transaction, work event, product development phase or financial ledger entry.

Healthcare 297

Healthcare Finance Manufacturing Information Technology 297

Rebel’s Guide to PM

SEPTEMBER 22, 2021

Sol Benady is a management consultant, Fintech entrepreneur, and program manager working in the banking sector. He started his career as an auditor in London, trained with E&Y where he qualified as an accountant, and then moved into consulting for retail and investment banking for a wide range of projects and clients.

Budget 367

Budget 2015 Retail Governance 367

Rebel’s Guide to PM

APRIL 19, 2023

As a project manager, we are always learning new things. If you hold a professional certification like the Project Management Professional, an APM qualification, or PRINCE2, you’ll also be expected to carry out some professional development each year as well. Recommended Google Project Management Certificate 5.0

2023 406

2023 Certification Prince2 Agile 406

Rebel’s Guide to PM

MAY 9, 2022

EMV is a risk analysis tool that helps establish the contingency reserves for your project activities. At the end of it, you get a decision tree that summarizes the financial impact of following a course of action. EMV averages the best and worst case scenarios to give a financial impact. What is the EMV formula? High demand.

Software Review 405

Software Review Technical Review Risk Management Risk 405

Rebel’s Guide to PM

APRIL 17, 2023

Closing down a project early is very different to carrying out a controlled close when a project has reached its natural conclusion and delivered everything that stakeholders were expecting. When a project is unexpectedly closed early, it can be difficult to know what steps to take next. Why do projects close early?

Closing 395

Closing Controlling PMO Construction 395

ProjectManager.com

OCTOBER 4, 2023

For a project to function properly and be delivered on time and within its budget, all the roles and responsibilities of everyone involved must be clearly defined and communicated. Everyone has their part to play in the process, which is orchestrated by the project manager acting on behalf of the project owner.

Closing 396

Closing Budget Risk Management Leadership 396

ProjectManager.com

AUGUST 17, 2022

The project manager is on the ground, running the team and keeping the daily operations of a project running smoothly. But who looks after the project manager? In project management, that position is called a project director. Let’s take a look at a project director and learn what they do.

Finance 283

Finance Monitoring Technical Review Software Review 283