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Tracking Budget Variance in Project Management

ProjectManager.com

Projects are planned, but those plans are rarely executed with changes. Those disruptions can play havoc on a project’s budget. Therefore, project managers are always tracking budget variance to deliver projects without breaking the bank. Variance is a measure of how data points differ from the mean.

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The Importance of Operational Project Management for Businesses

ProjectManager.com

Some projects are done internally within an organization. This is called operational project management. To better understand operational project management requires defining what an operational project is, how it differs from strategic projects and what operational project management is.

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Capacity Management in Business Operations

ProjectManager.com

The process of achieving that goal is called capacity management. To understand capacity management, we’ll first fully define the term, list the different types and explain why it’s so important in operations management. What Is Capacity Management? Capacity management is the first step in project planning.

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Creating a Request for Quote (RFQ) for Procurement

ProjectManager.com

Projects need resources, often consistently. Suppliers and contractors deliver those products and services that help fulfill the project. Managers want to stay on budget and resources cost money, which is why they use a request for quote (RFQ) to get pricing from suppliers and contractors. What Is a Request for Quote (RFQ)?

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What Is Organizational Strategy in Business? (Examples Included)

ProjectManager.com

It’s not only communicative but helps management develop strategic plans so the company can accomplish its goals. Our roadmap is a Gantt chart that visually represents all of your strategic goals and related projects, including the steps necessary to accomplish them. Organizational strategy has many layers.

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Kanban in Manufacturing: Main Uses & Benefits

ProjectManager.com

To further illustrate kanban in manufacturing, we’ll show a visual example of it at work and outline the key advantages of using this scheduling system as well as how project management software can advance its benefits. Kanban is a visual method for managing workflow and production. What Is Kanban?

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How to Make a Maintenance Schedule (Template Included)

ProjectManager.com

Project management software can help organizations keep to their maintenance schedule. ProjectManager is award-winning project and portfolio management software with multiple project views that help keep maintenance schedules on track. A maintenance schedule ensures those tasks are done regularly.