article thumbnail

15 Free PMO Templates for Excel and Word

ProjectManager.com

A PMO, or project management office, can be an internal department or an external group or agency that defines and maintains the standards for a company’s project management. However, all three can use PMO templates to support project programs and portfolios. Get started with ProjectManager today for free.

PMO 248
article thumbnail

125 Project Management Buzzwords

The IIL Blog

Bottom-up Estimating A project estimation technique that leverages tactical-level team members/subject matter experts (SMEs) to break down tasks into smaller components to create a more accurate estimate. Burndown Chart A tool in Agile project management that tracks the work completed and the work remaining to help teams manage progress.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Back to Basics (Part 12): What You Need to Create a Meaningful Project Status Report

Inloox

Is the project still on schedule? The milestone trend analysis is a suitable tool for visualizing the time-related development of the project. In this analysis, the variance between planned milestones and the current status is displayed graphically. How to Keep Project Stakeholders Happy.

article thumbnail

Project Intake Process: Prioritizing Project Requests & Proposals

ProjectManager.com

Project managers are constantly making requests to the project management office (PMO). A project intake process is beneficial for an organization. We’ll explain why as well as what to look out for when evaluating those project requests. Project management is all about efficiency, after all. That’s normal.

Process 355
article thumbnail

Scheduling and Cost Control in a Complex Environment

Strategy Execution | PMO Perspectives

And FEL does not begin at the start of the project, rather it begins much earlier with a rigorous business case, containing a thorough analysis of options, project costs and of the benefits to be realised. Benefits become Eroded as Well as Cost Targets. This post first appeared on PMO Perspectives Blog.

article thumbnail

What is ROM and how to calculate it (with example)

Rebel’s Guide to PM

A rough order of magnitude estimate is used to give you a very high level view of potential project costs. Ideally, you’d be able to provide a definitive estimate, carefully created from loads of input from subject matter experts and plenty of research on past projects and their budgets. Break the project work into chunks.

Estimate 283
article thumbnail

Resource Forecasting Guide for Project Managers

Rebel’s Guide to PM

It facilitates effective resource allocation and leads to the success of projects. Additionally, these are some of the critical benefits of resource forecasting in project management, which we’ll discuss below. Even though employees are assigned to the project, it does not necessarily translate into more revenue for the business.