Blog, Budget, Information and Risk - Project Management Update

What Is an IT Budget? IT Budgeting Basics (Template Included)

ProjectManager.com

NOVEMBER 30, 2023

Information technology (IT) runs most businesses. Managing information costs and managing information security for those costs are part of making an IT budget. First, we need to understand what an IT budget is, how often they’re made and what is the best size for one. What Is an IT Budget?

Budget

Budget Software Review Infrastructure Monitoring

What Is a Business Budget? Business Budgeting Basics

ProjectManager.com

JULY 11, 2023

Every business, even a not-for-profit business, needs a budget. A business budget can be looked at as the fuel that drives the business. To understand what that means, we first have to define what a business budget is, which we’ll do in a moment. What Is a Business Budget? There’s no setup required.

Budget

Budget Software Review Estimate Risk Management

Project Budget Template for Excel

ProjectManager.com

SEPTEMBER 16, 2020

A project budget contains the financial details of your project, including the estimates of all the money you need to layout to lead a successful project, from resources to materials. Monitor project expenses with this Excel budget template. The budget is the life’s blood of your project, so you need to monitor it accurately.

Budget

Budget Estimate Risk Management Monitoring

Webinars

The Project Clinic: Assessing Project Health, Planning, and Execution

Don’t Get Left Behind: Leveraging Modern Product Management Across the Organization

MORE WEBINARS

How to Create an Event Budget

ProjectManager.com

NOVEMBER 22, 2022

Having to make an event budget adds another layer of stress. But it doesn’t have to be a nightmare if you follow a few simple steps to creating an event budget. Successful events should be fun and informative. If you’re struggling with the event budget it can negatively impact the whole event. What Is an Event Budget?

Budget

Budget Transportation Estimate Risk Management

8 Free Risk Management Templates for Excel

ProjectManager.com

JANUARY 24, 2023

Although it’s impossible to predict the future, with these free risk management templates, you can better prepare for the unexpected and be more apt to keep your project on track. There are many project management templates that are designed to help you identify, respond to and track those risks. Learn more 3.

Risk Management

Risk Management Risk Software Review Monitoring

What Is a Budget Report? Purpose, Components & Benefits

ProjectManager.com

APRIL 25, 2023

Whether you’re running a company or a project, you’re going to have to deal with a budget. A budget is the spending plan that you forecast using estimates of income and expenses. To ensure you’re keeping to that ever-important operating budget, you’ll be making a regular budget report as well as referencing financial statements.

Budget

Budget Software Review Estimate Finance

What Is an Operating Budget? Key Components & Template Included

ProjectManager.com

MAY 16, 2023

An operating budget is a tool that helps business owners and project managers alike to look at the long-term financial needs of their organization or project. It’s instrumental in forecasting the budget needed to run your business or project. We’ll explain that and go into what should be included in your operating budget.

Budget

Budget Software Review Estimate Software

The Budgeting Process in Business & Project Management

ProjectManager.com

JUNE 6, 2023

Without funding and the proper budgeting process, projects in any industry grind to a halt. Budgeting is how those funds are spent. But first, let’s define what a budget is and explore the types of budgets and methods for making a budget. What Is a Budget? It plans your spending over a specific timeframe.

Budget

Budget Process Software Review Estimate

Create & Manage a Project Budget Using Software

ProjectManager.com

MARCH 21, 2022

Whether you’re a numbers person or not, as a project manager, ownership of a budget is usually a key part of your job responsibilities. Creating and managing a project budget can be a daunting task, but it can be easy if you use the right project budgeting software. What Is a Project Budget? Learn More!

Budget

Budget Software Review Software Estimate

The Risk Management Process in Project Management

ProjectManager.com

FEBRUARY 26, 2021

Issues will inevitably come up, and you need a mitigation strategy in place to know how to manage risks on your project. In this article, we’ll discuss strategies that let you get a glimpse at potential risks, so you can identify and track risks on your project. What is Risk Management on Projects?

Risk Management

Risk Management Risk Process Monitoring

Emerging Trends & Challenges in Information Technology

ProjectManager.com

FEBRUARY 10, 2022

Information technology (IT) is the backbone of the modern enterprise. Let’s examine the emerging information technology trends and challenges as well as the modern IT project management solutions designed to overcome them. What Is the Role of Information Technology? Emerging Trends and Challenges in Information Technology.

Information Technology

Information Technology Underperforming Technical Team Governance Government

Risk Breakdown Structure for Projects: A Complete Guide to RBS

ProjectManager.com

FEBRUARY 3, 2022

Risks will arise and threaten the successful delivery of your project. Using a risk breakdown structure (RBS) is how you prepare for the unexpected. A risk breakdown structure is great for identifying and prioritizing risks so you know which will be more or less impactful. The Four Categories of Risk in a Project.

Risk

Risk Underperforming Technical Team Risk Management Technical Review

A Quick Guide to Contractor Risk & Contractor Risk Management

ProjectManager.com

OCTOBER 7, 2021

Risk is always present in construction projects. By definition, construction risk feels unpredictable and damaging, but you can identify and manage them. You may feel you can control risk in your organization and construction management team—but what happens when you’re working with independent contractors?

Risk Management

Risk Management Risk Construction Monitoring

What Is a Risk Register & How to Create One

ProjectManager.com

SEPTEMBER 14, 2021

What is a Risk Register? A risk register is a tool in risk management and project management. It is used to identify potential risks in a project or an organization, sometimes to fulfill regulatory compliance but mostly to stay on top of potential issues that can derail intended outcomes.

Risk

Risk Software Review Technical Review Risk Management

Project Risk Management: Strategies for Identifying, Assessing, and Managing Risks

LiquidPlanner

MAY 24, 2023

That’s why effective project management should go beyond theory, and expand to include risk factors – both internal and external. A practical project risk management strategy accounts for team member miscommunications and mistakes, scope creep and shifting client expectations, and any technical difficulties along the way.

Risk Management

Risk Management Risk Technical Review Budget

Risk Response Plan in Project Management: Key Strategies & Tips

ProjectManager.com

OCTOBER 20, 2021

There is so much that can impact them; a storm cutting off the supply chain, equipment failure or a labor dispute are merely three possible situations in a seemingly endless succession of risks. It’s no wonder so much of project management is focused on risk! What is a Project Risk? Negative risk? Positive risk?

Risk Management

Risk Management Risk Planning Monitoring

Risk Management and AI Algorithms: Be in Control of Your Projects

The IIL Blog

FEBRUARY 28, 2024

By Jorgelina Bross-Puglisi February 28, 2024 Project Managers Have One Key Goal: Project Success By integrating risk management into project management processes, project managers can anticipate and respond to potential challenges, increasing the likelihood of project success. So why not ask AI to give us a hand?

Risk Management

Risk Management Risk Controlling Artificial Inteligence

12 Free Project Planning Templates for Excel and Word

ProjectManager.com

FEBRUARY 27, 2024

Using project planning templates can help you schedule tasks, estimate budgets and allocate resources. They organize your tasks, help you write a project charter, come up with an accurate budget and so much more. You can even use project planning templates to help you manage your project, track progress and risks.

Planning

Planning Software Review Risk Management Budget

Unraveling the Causes of Troubled Projects: A Closer Look

Project Risk Coach

JUNE 4, 2023

These projects often fail to meet their objectives, experience delays, exceed budgets, or even result in complete failure. In this blog post, we will explore some of the key factors that can lead to project trouble and discuss strategies to mitigate their impact.

Risk Management

Risk Management Technical Review Estimate Risk

Project Performance Reporting: Key Performance Reports

ProjectManager.com

OCTOBER 18, 2023

Tracking project performance gives project managers the data they need to keep the actual effort of the project aligned with the planned effort and deliver the project on time and within its budget. Being able to view project performance as you execute a project is vital for delivering that project on time and on budget.

Performance Measurement

Performance Measurement Risk Management Budget Monitoring

Project Management Blog Roundup: The Best of 2021

Ganttic

JANUARY 6, 2021

Tuck into some of the best project management blogs of 2021. Adding to the content that we at Ganttic enjoy reading, we’ve put together a roundup of the 15 best PM blogs for the new year. Dive in and discover what might be your next favorite blog! To the blogs! New beginnings. New resolutions. So what’s yours?

2021

2021 Technical Review Artificial Inteligence 2017

How to Make a Risk Management Plan

ProjectManager.com

DECEMBER 3, 2019

You identify them, record them, monitor them and plan for them: risks are an inherent part of every project. Some risks are bound to become problem areas—like executing a project over the holidays and having to plan the project timeline around them. But first, what is risk management? What is Risk Management?

Risk Management

Risk Management Risk Planning Technical Review

RAG Status in Project Management: Importance & Benefits

ProjectManager.com

MAY 14, 2024

Blue indicates that the activity has been completed and gray means there’s an information gap that prevents the status from being correctly assessed. This reporting tool helps project managers and keeps stakeholders informed on the progress of the project. There’s even a risk management overview. That’s blue and gray.

Software Review

Software Review Budget Closing Risk Management

10 Steps for Successful Project Completion (Templates Included)

ProjectManager.com

MAY 15, 2024

Project completion is more than delivering on time, within budget and meeting quality expectations. The performance of the budget and schedule are also summarized in the project completion report. For example, did the project deliver on time, within budget and meet the quality expectations of the client? That’s a mistake.

Project Life Cycle

Project Life Cycle Software Review Certification Construction

Why and How You Should be Creating Your Project’s Risk Management Plan?

nTask

OCTOBER 7, 2021

A risk management plan is how you can get your team on the same page. Here is everything you need to know about why you should create a risk management plan and how to do so. But first, you need to understand what constitutes a project risk and therefore, what is included in your management plan. What are Project Risks?

Risk Management

Risk Management Risk Planning Monitoring

How to Make a Construction Phase Plan (Templates Included)

ProjectManager.com

OCTOBER 20, 2023

At the end of the blog, we’ll provide links to some related construction project management templates that can help you with your construction phase plan. The construction phase plan will cover the job site rules and whatever necessary procedures are in place all of which are working towards reducing or completely eliminating risk.

Construction

Construction Planning Risk Management Estimate

IT Risk Assessment Template

ProjectManager.com

AUGUST 22, 2019

Create a risk assessment document in order to prepare for the inevitable. An IT risk assessment template gives you the tools to see what might be waiting around the corner. Why You Need an IT Risk Assessment Template. The list of risks to an IT environment are long. Every project is inherently risky. Download Now.

Risk

Risk Risk Management Controlling 2019

Schedule of Values in Construction (Example & Template Included)

ProjectManager.com

DECEMBER 27, 2023

There are complicated projects and the contractors use the schedule of values to help stay on budget and not eat into their profit margin. Contractor profits are dependent on keeping to the budget, which is as accurate a forecast of project cost as they can estimate. You’ll start by collecting the necessary project information.

Construction

Construction Estimate Budget Monitoring

How Project ERP Can Benefit Your Project-Based Organization

ProjectManager.com

MARCH 13, 2024

It also provides more insight into operations through a financial reporting lens to determine whether projects have enough resources, go over budget or identify other financial risks. The data can then inform project managers when creating project workloads and see productivity levels and employee time off for labor forecasts.

Manufacturing

Manufacturing Finance Construction Risk Management

100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

AUGUST 29, 2023

The baseline is established based on different sources of information such as project files from previous projects or subject matter expert opinions. There may also be some background information about the organization or team tasked to reach this goal. It is also called a Business Case. It includes the plans to fulfill these goals.

Software Review

Software Review Underperforming Technical Team Lean Event Chain

10 Project Meetings to Guide Your Project Management Team

ProjectManager.com

JANUARY 10, 2023

This isn’t only to keep the project manager informed but also serves to hold the project team accountable. You’ll also want to review the budget, assess risk and schedule upcoming meetings to make sure everything discussed has been resolved. You’ll also want to talk about the budget, what was and wasn’t used, and why.

Software Review

Software Review Technical Review SCRUM Risk Management

My Top 10 Most Popular Blog Posts of 2016

Project Risk Coach

JANUARY 2, 2017

Approximately 42,000 visitors came to The Project Risk Coach in 2016, up from 33,000 visitors in 2015. Top Blog Posts for 2016. How to Determine Project Budget Reserves – 3,091. Evaluating Risks Using Qualitative Risk Analysis – 1,993. 7 Things You Ought to Know About Identifying Risks – 1,786.

2016

2016 2017 2014 2015

Project Management Triangle: A Quick Guide

ProjectManager.com

AUGUST 23, 2023

Those constraints are scope, time and budget, which each make up one side of the triangle. The budget is the financial investment or the money required to execute the project. All speak to the need to keep the balance between the three project constraints to deliver the project as expected, on time and within budget.

Software Review

Software Review Risk Management Risk Budget

Project Monitoring and Control: Tools & Steps

ProjectManager.com

JUNE 28, 2023

Project managers will closely track the progress and performance of the project, review project status, identify potential problems and implement corrective actions when required to keep the project on schedule and within budget. There are various techniques you can use to accurately estimate costs and plan your budget accordingly.

Monitoring

Monitoring Controlling Software Review Risk Management

How to Make a Contractor Payment Schedule in Construction (Template Included)

ProjectManager.com

MARCH 22, 2024

This sets clear payment terms for the contractor and reduces the risk of them receiving late payments or even no payment at all. Project Information: The name of the project, where it’s located and a description of the project is always in the contract, including the start date and its expected duration.

Construction

Construction Software Review Budget Defining

How to Create a Project Timeline In Excel (Free Template Included)

ProjectManager.com

FEBRUARY 7, 2024

In this blog, we’ll go through a step-by-step guide on how to create a project timeline in Excel using various methods and then, we’ll explore other project scheduling tools that can help you create a project timeline such as Gantt charts, kanban boards or project calendars. It also filters for the critical path to identify essential tasks.

Software Review

Software Review Estimate Budget Executing

9 Steps to Managing Risk for Your Projects

LiquidPlanner

FEBRUARY 14, 2022

Risk and uncertainty are inherent parts of all project work, making project risk management an important topic for teams to address. When studies tell us that easily half of all IT projects run over budget and past deadline , we see how easily risk turns into real trouble for projects and their organizations.

Risk Management

Risk Management Risk 2012 Prince2

Managing Project Assumptions and Risks

The IIL Blog

SEPTEMBER 13, 2023

By Alan Zucker We make hundreds of assumptions and take small risks daily. Recovering from these risks may be inconvenient but not horribly impactful. Project assumptions and risks are not as casual. Project assumptions and risks are not as casual. Our risks were identified, but a response strategy was never created.

Risk Management

Risk Management Risk Cadence 2016

15 Free IT Project Management Templates for Excel, Word & More

ProjectManager.com

JANUARY 31, 2023

IT teams plan hardware and software installations, upgrades and rollouts, and the tools they use are specific to working with infrastructure, information systems and computers. IT Risk Assessment Template IT projects are no different than any other type of project in that they’re rife with risk. IT projects are unique.

Technical Review

Technical Review Software Review Risk Management Risk

Resource Requirements in Project Management: A Quick Guide

ProjectManager.com

MARCH 12, 2024

Resource requirements in project management allow project managers to know what they’ll need to execute their tasks and deliver the project on time and within their budget. This will also inform your budget. This includes the budget, funding sources and cost allocations.

Software Review

Software Review Estimate Defining Budget

How to Manage Your Project Pipeline With Software

ProjectManager.com

JANUARY 16, 2024

It provides an overview of all those projects and thus allows the PMO, program or portfolio manager to make more informed decisions in terms of managing the various projects. These “lessons learned” will inform how you manage future projects so you don’t make the same mistakes.

Software Review

Software Review Software PMO Monitoring

Project Financial Management: Managing Project Financials

ProjectManager.com

NOVEMBER 21, 2023

To do this requires planning, estimating, budgeting, funding, managing project expenses and billing. The budgeting part of project financial management is by far the most important aspect of this process. Identify Project Risks All projects are risky endeavors. Make a Project Budget Now you’re ready to make a budget.

Finance

Finance Estimate Budget Risk Management

How to Make a Maintenance Schedule (Template Included)

ProjectManager.com

APRIL 5, 2024

It keeps equipment in optimal working condition, which leads to more efficiency and quality and keeps work on time and within budget. Implementing a maintenance schedule will solve problems before they can risk breaking down machinery and stopping production, which leads to delays and added costs. Here are a few related examples.

Manufacturing

Manufacturing Construction Software Review Healthcare

Project Management Basics: Definitions, Methods and Tools

ProjectManager.com

MARCH 31, 2023

Regardless, we’re going to give you a brief overview of the major details involved in project management for actionable information. Budgets are also part of a project. A project budget outlines these expenditures. That is, projects must come in within budget, be delivered on time and meet the agreed-upon scope.

Project Life Cycle

Project Life Cycle Software Review Monitoring Budget

What Is an IT Budget? IT Budgeting Basics (Template Included)

What Is a Business Budget? Business Budgeting Basics

Webinars

Trending Sources

Project Budget Template for Excel

Webinars

How to Create an Event Budget

8 Free Risk Management Templates for Excel

What Is a Budget Report? Purpose, Components & Benefits

What Is an Operating Budget? Key Components & Template Included

The Budgeting Process in Business & Project Management

Create & Manage a Project Budget Using Software

The Risk Management Process in Project Management

Emerging Trends & Challenges in Information Technology

Risk Breakdown Structure for Projects: A Complete Guide to RBS

A Quick Guide to Contractor Risk & Contractor Risk Management

What Is a Risk Register & How to Create One

Project Risk Management: Strategies for Identifying, Assessing, and Managing Risks

Risk Response Plan in Project Management: Key Strategies & Tips

Risk Management and AI Algorithms: Be in Control of Your Projects

12 Free Project Planning Templates for Excel and Word

Unraveling the Causes of Troubled Projects: A Closer Look

Project Performance Reporting: Key Performance Reports

Project Management Blog Roundup: The Best of 2021

How to Make a Risk Management Plan

RAG Status in Project Management: Importance & Benefits

10 Steps for Successful Project Completion (Templates Included)

Why and How You Should be Creating Your Project’s Risk Management Plan?

How to Make a Construction Phase Plan (Templates Included)

IT Risk Assessment Template

Schedule of Values in Construction (Example & Template Included)

How Project ERP Can Benefit Your Project-Based Organization

100+ Project Management Terms: PM Terminology Explained

10 Project Meetings to Guide Your Project Management Team

My Top 10 Most Popular Blog Posts of 2016

Project Management Triangle: A Quick Guide

Project Monitoring and Control: Tools & Steps

How to Make a Contractor Payment Schedule in Construction (Template Included)

How to Create a Project Timeline In Excel (Free Template Included)

9 Steps to Managing Risk for Your Projects

Managing Project Assumptions and Risks

15 Free IT Project Management Templates for Excel, Word & More

Resource Requirements in Project Management: A Quick Guide

How to Manage Your Project Pipeline With Software

Project Financial Management: Managing Project Financials

How to Make a Maintenance Schedule (Template Included)

Project Management Basics: Definitions, Methods and Tools

Stay Connected