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Project Management Basics: Definitions, Methods and Tools

ProjectManager.com

Now that we’ve determined what a project is, we can define project management as a discipline. What Is Project Management? Project management is a discipline that consists in using project management methodologies, tools and techniques to manage the project life cycle, which is a set of stages that are common to every project.

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12 Free Project Planning Templates for Excel and Word

ProjectManager.com

The project charter template defines the project and shows the plan that will outline the milestones, tasks, dependencies and resource management plan. Project Budget Template All projects cost money. A risk register allows you to list all your project risks, their potential impact, priority level and more.

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125 Project Management Buzzwords

The IIL Blog

Continuous Improvement The ongoing effort to improve a project process, product, or service to achieve better results. Cost Estimation The process of estimating project costs is done by leveraging historical data, expert judgment, or quantitative models. of a project. What Is Project Management Buzzwords?

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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. Opportunity Cost. This method is used when evaluating two projects.

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A Beginner’s Guide to Understanding Earned Value Management

MPUG

Testimony now shows that EVM provides one of the most efficient and meaningful tools available to measure and report project cost, schedule, and performance. When EVM is applied properly and consistently, it takes the guesswork out of estimating project progress and performance. So, let us review the basic principles of EVM.

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What is project scope? (Plus 7 steps to help you define project scope)

Resource Guru

Project scope is the project manager’s best friend. It’s what we lean on throughout the project life cycle. It keeps us on the straight and narrow all the way to project success. We might think that “oh, I don’t need a project scope, I’ve done thousands of projects like this!”.

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Project Budgets: Tips for Estimating & Cost Tracking – Clarizen

Planview

Effective project budget tracking is essential to ensure that project costs do not spiral out of control — and potentially threaten project success. This informative and easy-to-read article explores the basics of project budget tracking , including best practices and a 7-phase methodology.