Remove Analysis Remove Budget Remove Monitoring Remove Software Review
article thumbnail

Tracking Budget Variance in Project Management

ProjectManager.com

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. We’ll define project variance below as well as what a budget variance analysis is. What Is Budget Variance?

Budget 298
article thumbnail

Importance of Scenario Planning and Analysis in Business

ProjectManager.com

Project management software features can help map out scenario planning. ProjectManager is award-winning project and portfolio management software with roadmaps that can capture different scenarios and plan how to respond to each. This is commonly used by financial analysts and is known as a what-if analysis.

Planning 249
Insiders

Sign Up for our Newsletter

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

article thumbnail

Capital Budgeting: Definitions, Steps & Techniques

ProjectManager.com

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
article thumbnail

The Importance of Operational Project Management for Businesses

ProjectManager.com

No matter what the type of project is, project management software helps deliver it more efficiently. ProjectManager is award-winning project and portfolio management software that has multiple project views to implement operational projects across all departments. What Is Operational Project Management?

article thumbnail

Demand Management: Process, Importance and Tools

ProjectManager.com

Next, we’ll outline the demand management process to learn how to implement this planning methodology and how software can facilitate that process. Managing production is key to demand management and project management software is essential to that process. This leads to a reduction in costs due to overproduction or stockouts.

Process 307
article thumbnail

Construction Budget: A Quick Guide (with Examples)

ProjectManager.com

Creating a construction budget, therefore, is one of the most important pieces when developing a construction plan. How do you create a construction budget, anticipate the costs for a project and track them to make sure you’re not overspending? Let’s take a look at what goes into making a construction budget. Learn More!

article thumbnail

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?