Remove Blog Remove Estimate Remove Governance Remove Monitoring
article thumbnail

Cost Estimation for Projects: How to Estimate Accurately

ProjectManager.com

Good cost estimation is essential for keeping a project under budget. Many costs can appear over the life cycle of a project, and an accurate estimation method can be the difference between a successful plan and a failed one. Estimation, however, is easier said than done. An Overview of Cost Estimation.

Estimate 316
article thumbnail

100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

Baseline A baseline is an estimate of the project’s scope, schedule and costs that is created during the planning stage. Change control The term for a process to systemically monitor and approve or reject any change requests made to a product or project.

Insiders

Sign Up for our Newsletter

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

article thumbnail

10 Best Buildertrend Alternatives of 2024 (Free + Paid)

ProjectManager.com

After we tried out this construction project management software, it proved to be lightweight and limited in essential tools, such as resource management , scheduling and monitoring. Buildxact Buildxact is a Buildertrend alternative that differentiates itself from others on this list by focusing on estimating and job management.

2024 320
article thumbnail

Construction Superintendent Job Description, Responsibilities and Salary

ProjectManager.com

Another aspect of the construction superintendent’s job is to make estimates on how much the work will cost. They are there to monitor the progress of the project. But beyond monitoring the schedule, they also monitor the budget, as we’ve noted above. This will inform the construction project’s budget. Many things.

article thumbnail

10 Key Construction Job Titles: Overview & Salary

ProjectManager.com

They monitor work to ensure that it is being done on time and within budget. The construction foreman will also monitor the attendance of the construction crew, allocating general and daily responsibilities. They will assess the resources required for construction and estimate their costs to help define the project’s budget.

article thumbnail

Strategic Project Management: Planning Strategic Projects

ProjectManager.com

In that regard, the project management office prioritizes projects, establish project governance guidelines and group projects into programs to achieve benefits for the company and align projects with the company’s culture and strategy effectively. Project Manager A project manager is usually only responsible for one project.

Planning 399
article thumbnail

Project Intake Process: Prioritizing Project Requests & Proposals

ProjectManager.com

ProjectManager is award-winning project management software that estimates project costs and creates budgets to show the viability of the request. ProjectManager’s Gantt charts help you estimate costs and create budgets. Expected project benefits: Forecast the return on investment or estimated revenue expected.

Process 353