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Project Financial Management: Managing Project Financials

ProjectManager.com

Whether you call it project financial management or project accounting, managing a project’s finances is essential to delivering a successful project. It’s more than just keeping up with costs. But what exactly is financial project management? What Is Project Financial Management?

Finance 345
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Tracking Budget Variance in Project Management

ProjectManager.com

There are two ways to express budget variance: Positive Budget Variance: When the actual cost of the project is lower than the budgeted amount, which is a positive sign of financial performance. Using project management software can track budget variance. Project managers use budget variance analysis when managing projects.

Budget 309
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Schedule of Values in Construction (Example & Template Included)

ProjectManager.com

Having project management software can give you more control over the schedule of values as it relates to costs and monitoring progress. ProjectManager is award-winning construction project management that has powerful Gantt charts that can help plan, manage and track project costs in real time.

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7 Budget Templates for Business & Project Budgeting

ProjectManager.com

The more accurate your forecast for project costs, the more likely you’ll be able to deliver a successful project and make a profit. 7 Budgeting Templates for Business and Project Budgeting Below are seven budget templates that you can use for estimating your project’s costs.

Budget 362
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The Construction Resource Management Process Explained

ProjectManager.com

It’s often said that these people are your most valuable resources as they’re the ones who use the other resources to execute the project. There are many types of labor on a construction site, including estimators, architects, supervisors, quantity surveyors, engineers and construction workers.

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Kanban vs. Scrum: What’s the Difference?

ProjectManager.com

Assign work to your team members, manage resources, estimate costs, automate workflows and much more. ProjectManager’s kanban boards can help plan projects and identify bottlenecks. Scrum allows you to create flexible project plans that can be adjusted at any point without impacting your project or budget.

SCRUM 419
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What Is Project Accounting? Principles, Methods & More

ProjectManager.com

To stick to your project budget, you have to track costs. Project accounting, as with general accounting, is a method by which project managers can manage project finances. Let’s look at what a project account is as well as its principles and methods. What Is Project Accounting?