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How to create a project budget

Rebel’s Guide to PM

I have left items out of several project budgets and I can tell you it’s pretty embarrassing having to ask your project sponsor to approve spending from the reserves because you messed up the budget. In this article we’ll look at how to segment costs, how to find out the cost of things, and then how to structure your budget.

Budget 307
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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. What is a ROM estimate?

Estimate 285
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Project Cost Management – The Essential Things to Know and Do

Online PM Courses

Project Cost Management often puts people off. But there’s little your project sponsor, your client, or their Finance Director care about more than your budget and how closely you can stick to it. Project cost over-runs are common. The governance considerations for project cost management.

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Exploring the differences: Projects vs operations examples

Rebel’s Guide to PM

When it comes to managing them effectively, understanding the differences between projects and operations is key. Projects vs operations The short answer to the question: “What’s the difference between projects and operations?” These are all great sources of examples of projects. More on that later.

Retail 407
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10 Knowledge Areas of project management (PPT & PDF included!)

Rebel’s Guide to PM

PMBOK 7 talks about the 8 project performance domains. This article reviews and explains the 10 project management Knowledge Areas from the PMBOK® Guide -- Sixth Edition. Cost Management Cost management is basically managing funding for project activities.

PMI 205
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Business Acumen for Project Managers [Free Checklist]

Rebel’s Guide to PM

In this article I’m going to give you some specific actions you can do to improve your business acumen. If you like, you can download a summary of this article as a free checklist so you can work through the actions at your own pace. Applying business acumen to your project. So what’s it all about?

PMI 386
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Project Estimating: The Only Guide You Need

Rebel’s Guide to PM

It does help with projects though. Making an educated guess about project tasks is a good skill to have. In this article I’ll share estimating techniques for schedules and budgets: the kind of things we need to know to get projects done. Everything you need to start tracking your project today. Why estimate?

Estimate 388