ProjectManager.com

DECEMBER 13, 2023

The project budget is developed during the planning phase of a project. It’s a document that captures the total costs required to complete a project over a specified timeframe. The more accurate your forecast for project costs, the more likely you’ll be able to deliver a successful project and make a profit.

Budget 351

Budget Construction Estimate Executing 351

ProjectManager.com

MARCH 12, 2024

When a project is planned, a set of steps are outlined to deliver a product or service. Think of resource requirements as the fuel that drives all project activities. Once one understands what resource requirements are in project management, next there is estimating what those resources will be and managing them.

Software Review 337

Software Review Estimate Defining Budget 337

ProjectManager.com

FEBRUARY 20, 2024

Project documentation, such as the project budget, project schedule or project plan, is critical for the successful delivery of projects. Because of that, as a project manager, you should be familiar with tools to create your project documents.

Software Review 352

Software Review Budget Estimate Executing 352

ProjectManager.com

MARCH 19, 2024

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.

Manufacturing 354

Manufacturing Construction Transportation Budget 354

ProjectManager.com

APRIL 18, 2024

When managing teams, it’s essential to create timelines to track their progress as they execute their tasks. Project management software is the most efficient way to create timelines to plan, assign and track their tasks. More powerful than Google Sheets is project management software. They’re stored online.

Software Review 305

Software Review Planning Estimate Monitoring 305

ProjectManager.com

MARCH 14, 2024

Every project is different. Project strategy is the plan that defines a project, which is why project management strategy is so important. To better manage projects, one must clearly understand project strategy, who’s responsible for it in the organization and the steps to create a project strategy.

Budget 374

Budget PMO Defining Estimate 374

ProjectManager.com

DECEMBER 27, 2023

Creating a schedule of values is important for the project owner, contractor and subcontractors alike. It can be used to communicate what’s needed in the project, the costs associated with the activities and the management of payments. The schedule of values is an itemized list of all the project activities.

Construction 369

Construction Estimate Budget Monitoring 369

ProjectManager.com

MARCH 8, 2024

An army of subcontractors each with their own specific discipline complete construction projects. But how do they know what to work on? We’ll also note the difference between an RFI in construction and other construction project management documents before going into the construction RFI process, the different types of RFIs and more.

Construction 318

Construction Software Review Engineering Budget 318

ProjectManager.com

FEBRUARY 7, 2024

A project timeline is a project scheduling tool that’s used to estimate the total duration of a project from start to end by mapping tasks, deliverables and milestones in chronological order. Why Should You Make a Project Timeline In Excel? We encourage you to download our free file below!

Software Review 362

Software Review Estimate Budget Executing 362

ProjectManager.com

APRIL 23, 2024

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.

Software Review 268

Software Review Monitoring Technical Review Budget 268

ProjectManager.com

FEBRUARY 6, 2024

A budget is a document that’s mainly used to break down the costs of executing a project or running the operations of a business for a period of time and define a maximum spending limit for the procurement of resources. Google Sheets helps with collaboration but it isn’t a true project management software.

Budget 332

Budget Estimate Software Review Executing 332

ProjectManager.com

APRIL 4, 2024

Choosing the best kanban software for your team might be overwhelming, especially if you’re not sure of what features to look for. That’s why we’ve reviewed Trello’s kanban board and identified its key features, pros and cons to help you better understand how it compares to other kanban software. Does Trello Have a Kanban Board?

Software Review 358

Software Review 2024 Estimate Software 358

ProjectManager.com

FEBRUARY 27, 2024

Without a plan, projects are in trouble. Project planning is one of the first and most important aspects of project management. Using project planning templates can help you schedule tasks, estimate budgets and allocate resources. Download one or all and get your next project started right.

Planning 364

Planning Software Review Risk Management Budget 364

ProjectManager.com

MARCH 20, 2024

Construction projects are structured with schedules, budgets and resource allocation. Many people work on them, from general contractors overseeing subcontractors to architects and, of course, the project owner. A preconstruction meeting ensures that all those parts are working together on a common goal.

Construction 332

Construction Software Review Underperforming Technical Team Estimate 332

ProjectManager.com

JANUARY 25, 2024

Projects cost money. Those funds have a life cycle of their own and project managers must understand how those costs come in and out of the project and organization. That process is called project cash flow. We’ll look at project cash flow, what it is and how to calculate and manage it.

Construction 356

Construction Project Cost Budget Monitoring 356

ProjectManager.com

DECEMBER 29, 2023

Managing a program or portfolio of projects involves many things, but utmost importance should be given to resource management, especially organizational resources. To start, resources can include labor, management, expertise, equipment, finances, energy, land and time. That is, money that keeps projects operating.

Manufacturing 337

Manufacturing Monitoring Finance 2024 337

ProjectManager.com

MARCH 13, 2024

Resources, such as people, materials and equipment, are needed to deliver projects. Being able to plan, manage and track those resources to meet the needs of a business is called project ERP or enterprise resource planning (ERP) project management. What Is a Project ERP? A project ERP can be expensive.

Manufacturing 385

Manufacturing Finance Construction Risk Management 385

ProjectManager.com

FEBRUARY 15, 2024

Gantt charts have been a fundamental project management tool for over a century, and it’s easy to understand why. They provide a visual overview of project tasks and the timeframe in which they need to be completed. The only difference from a Gantt chart used in any other industry is that it manages construction tasks.

Construction 360

Construction Software Review Planning Estimate 360

ProjectManager.com

NOVEMBER 7, 2023

Projects cost money. But what’s harder to discern is if the project is worth the investment. The last thing stakeholders want is to discover the project isn’t financially effective. We’ll discuss what the cost performance index does and how it does it below. Project costs can vary. Everyone knows that.

Project Cost 374

Project Cost Budget Performance Measurement Manufacturing 374

ProjectManager.com

NOVEMBER 30, 2023

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? Get started for free How Often Are IT Budgets Created?

Budget 345

Budget Software Review Infrastructure Monitoring 345

ProjectManager.com

DECEMBER 5, 2023

Excel project budget templates are one of the most popular tools to create a project budget. However, Excel isn’t the best tool for project budgeting as it doesn’t allow project team members to collaborate online, sharing files among team members it’s a time-consuming process, among other productivity drawbacks.

Budget 359

Budget Software Review Estimate Project Cost 359

ProjectManager.com

JANUARY 16, 2024

Projects have a beginning, middle and end. That’s called the project life cycle. When you’re a project management office (PMO) or program or portfolio manager, you’re going to have to deal with multiple projects in various stages of the project pipeline. What is a project pipeline?

Software Review 350

Software Review Software PMO Monitoring 350

ProjectManager.com

NOVEMBER 23, 2023

Figuring out what to spend its capital on, such as capital spending on long-term assets, is part of capital budgeting. First, we need to define capital budgeting, what a capital budget is and why it’s important. Then we can go through the capital budgeting techniques and the steps to a capital budgeting process.

Budget 346

Budget Technical Review Software Review Executing 346

ProjectManager.com

FEBRUARY 9, 2024

The strategy map is part of the larger balanced scorecard methodology and is used as a way to quickly and effectively communicate strategic objectives and how they will create value for the organization. This is especially helpful for the visual learners in your organization. What Is a Strategy Map? Learn more.

Software Review 363

Software Review Defining Budget Performance Measurement 363

ProjectManager.com

MARCH 5, 2024

A calendar is a great planning tool for tracking tasks and deliverables’ due dates, especially when executing large projects that span across months. They’re useful throughout the project scheduling process and are easy to use. Plus, most people understand them, which makes them a fundamental tool for project managers.

2024 320

2024 Software Review Budget Executing 320

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?

Budget 278

Budget Software Review Estimate Risk Management 278

ProjectManager.com

MARCH 31, 2023

Welcome to project management 101. Project management can seem like a daunting discipline, but once you get a grasp of the fundamentals and combine that with some intuition, you’ll be on your way to leading successful projects, no matter your situation. What Is a Project?

Project Life Cycle 403

Project Life Cycle Software Review Monitoring Budget 403

ProjectManager.com

JANUARY 3, 2024

Managing more than one project at a time creates a lot of problems. How can you allocate resources wisely across all those projects? How can you keep the projects aligned with the strategic goals of the organization? That and more is what enterprise project management does.

Software Review 367

Software Review Budget Monitoring Risk Management 367

ProjectManager.com

FEBRUARY 21, 2024

Microsoft Power BI is a data analysis software that allows you to use various tools such as spreadsheets, pie charts, stacked bars and other types of diagrams to visualize project or business data, including the Power BI Gantt chart. But is Power BI good for project management? Does Power BI Have a Gantt Chart?

Software Review 363

Software Review 2021 Project Cost Software 363

ProjectManager.com

MARCH 6, 2024

While Tableau doesn’t have project management features, you can still use it to make a Gantt chart. In this blog, we’ll learn how to make a Gantt chart in Tableau and explore its key features and limitations. ProjectManager’s Gantt chart is a robust project planning, scheduling and tracking tool.

Software Review 343

Software Review Construction Artificial Inteligence Software 343

ProjectManager.com

JANUARY 9, 2024

Managing the workforce in a construction project is a complicated endeavor. There are so many different subcontractors and all have to work together to deliver the project on time and within budget. Resources in construction are managed by construction resource management.

Construction 355

Construction Process Estimate Monitoring 355

ProjectManager.com

JANUARY 23, 2024

When you’re a PMP, program manager or portfolio manager, you need to deliver all those multiple projects on time and within budget. This requires an organization with a well-developed project management process. It’s essential to keep projects successful for any organization to thrive.

Underperforming Technical Team 337

Underperforming Technical Team Risk Management Software Review Budget 337

ProjectManager.com

NOVEMBER 21, 2023

Whether you call it project financial management or project accounting, managing a project’s finances is essential to delivering a successful project. There’s a lot of planning, managing and tracking involved. But what exactly is financial project management?

Finance 335

Finance Estimate Budget Risk Management 335

ProjectManager.com

FEBRUARY 14, 2024

Gantt charts are powerful planning tools in project management, but they’re also notoriously difficult to make. There is, however, a simple Gantt chart that can be made in a variety of ways that can be essential when scheduling a project. However, a simple Gantt chart might be just what you need to plan a project.

Software Review 343

Software Review Executing Software Planning 343

ProjectManager.com

JANUARY 10, 2024

Project managers are constantly making requests to the project management office (PMO). A project intake process is beneficial for an organization. We’ll explain why as well as what to look out for when evaluating those project requests. What Is the Project Intake Process? That’s normal.

Process 351

Process PMO Software Review Estimate 351

ProjectManager.com

OCTOBER 18, 2023

Keeping tabs on the performance of your project is an essential part of project management. 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.

Performance Measurement 352

Performance Measurement Risk Management Budget Monitoring 352

Project Risk Coach

JANUARY 1, 2019

Thank you for being a part of the Project Risk Coach Community. In this article, I'm sharing my most popular blog posts of 2018. So, just how many of you came to the Project Risk Coach website in 2018? Hopefully, you've gained further insights for identifying, evaluating, responding to and controlling your risks.

2018 150

2018 2019 2014 2015 150