article thumbnail

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
article thumbnail

How to Build and Implement a Project Strategy

ProjectManager.com

Create a Project Budget The project budget will determine the resources, which is the estimated costs of the project. By creating a budget, the project manager can forecast the project costs. Here are a few free templates that are related to project strategy.

Budget 373
Insiders

Sign Up for our Newsletter

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

article thumbnail

Henry Gantt’s Biography & Role in Gantt Chart History

ProjectManager.com

During this time he was writing articles, such as “A Bonus System of Rewarding Labor” and “A Graphical Daily Balance in Manufacture” for various trade magazines. Later he published Work, Wages and Profits: Their Influence on the Cost of Living (1910), Industrial Leadership (1916) and Organizing for Work (1919).

article thumbnail

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 293
article thumbnail

Project Selection: Use These 8 Selection Methods for Better Strategic Results

ProjectManager.com

In other words, it’s a method to discover the most cost-effective way to execute a project. This is done by defining all the costs, both direct, indirect, intangible and more against the benefits, be they direct, indirect and so forth. Scoring Models. Linear Programming.

article thumbnail

14 Common Project Risks (+ more)

Rebel’s Guide to PM

However, at the beginning of your project when your risk log is empty, it can be a bit of a challenge to think of all the stuff that might need to go on there. In this article we’ll look at common project risks so you can start filling up your risk log and making the right plans. Here is a list of common project cost risks.

Risk 320
article thumbnail

The Meta City, Remote Work, & the Strategic Project Manager

The Strategic Project Manager

Enabled by technology, and accelerated by the pandemic, our world continues to evolve with “ The Rise of the Meta City “, as depicted and described in this fascinating Harvard Business Review article. It is influencing manufacturing, distribution, financing, marketing and sales.