Epicflow Blog

AUGUST 31, 2021

Reduction of project costs and at least avoiding significant cost overrun is one of the high priority tasks for a project manager. However, it usually becomes challenging due to a great number of factors: underestimation of project costs, uncontrolled changes, poor resource allocation, etc. Poor estimates .

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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.

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ProjectManager.com

MARCH 28, 2024

As you can see in the image below, it shows project task names, their due dates, duration, percentage of completion and arrows to indicate task dependencies. By clicking these project timeline bars, you can see additional information for each task, such as their priority level, status, and subtasks.

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ProjectManager.com

MARCH 1, 2024

Asana is project management software that offers a variety of easy-to-use tools like timelines, task lists and kanban boards which are mainly used for managing simple projects, everyday tasks and team workflows. Resource Utilization: Assign tasks to team members, track their work hours and monitor their workload.

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ProjectManager.com

APRIL 30, 2024

ProjectManager Has a Better Kanban Board Than Notion ProjectManager is award-winning project management software that offers advanced planning, scheduling, tracking and reporting features to help you manage projects across industries. Track Project Costs ProjectManager’s kanban boards do more than track the completion of tasks.

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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. That’s where the cost performance index comes in. We’ll discuss what the cost performance index does and how it does it below.

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ProjectManager.com

OCTOBER 5, 2023

Actual financial results are compared with the budgeted expectations and if the actual costs are more than what was budgeted, actions to reduce those costs must be implemented. Comparing costs is but one way to analyze the financial performance of an organization or project. Finally, don’t neglect expert opinion.

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ProjectManager.com

MARCH 31, 2023

Maybe you’ve been unexpectedly assigned to lead a project and a big promotion is on the line, or maybe you’re a team member who wants to better understand their role in the project. Regardless, we’re going to give you a brief overview of the major details involved in project management for actionable information.

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ProjectManager.com

JANUARY 9, 2024

The purpose is to help those projects be delivered on time and within budget. This is the responsibility of construction managers or project managers, who monitor available resources, allocate and reallocate those resources based on the needs of the project and track and optimize their use.

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ProjectManager.com

DECEMBER 14, 2023

One of their main responsibilities is to deal with the construction project’s resources and make sure they’re available for each assignment. Another aspect of the construction superintendent’s job is to make estimates on how much the work will cost. This will inform the construction project’s budget.

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ProjectManager.com

JULY 5, 2023

It’s a hierarchical chart where each line or row is a specific cost type, item, work or organizing activity. The CBS works at the task level to create a bottom-up analysis of project costs. It’s helpful to look back at historical data for similar projects and seek the guidance of experts for their judgment.

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Teamweek

DECEMBER 15, 2022

Effective project monitoring helps keep the moving parts of a project flowing. But maintaining one eye on the broader picture is challenging for even the most experienced project managers. In this guide, you’ll learn what project monitoring is, the three key constraints, and how to monitor them effectively.

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Teamweek

DECEMBER 1, 2022

Even when you tell yourself that “this time is going to be different,” — but project costs somehow still manage to get out of control? Only 43% of projects are “mostly or always” completed on budget. Let’s talk about project cost management. ??. What is project cost management?

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ProjectManager.com

MAY 29, 2024

Shop Floor Planning This step involves the creation of the master production schedule , which informs which manufacturing orders will be made. Shop Floor Control Shop floor scheduling boards monitor the progress of the manufacturing order and other production operations to ensure they’re going as planned.

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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. Does Tableau Have a Gantt Chart? Congratulations, you’ve created a Gantt chart in Tableau.

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Software Review Construction Artificial Inteligence Software 349

ProjectManager.com

MARCH 12, 2024

One must consider costs when estimating and managing project resource requirements. This means you must forecast the cost for each resource that will be used in your project. This will also inform your budget. It also helps one determine the amount of resources and their cost. What Is Resource Optimization?

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ProjectManager.com

MAY 16, 2024

Through in-depth analysis, businesses can define their decisions and actions for a variety of outcomes, which allows them to quickly make informed choices. Estimate Costs and Resource Utilization Having a scenario plan is only the first step. The dashboard gives users a high-level overview of one or multiple projects.

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ProjectManager.com

OCTOBER 18, 2023

The overall measurement of project performance metrics will look at the objectives and requirements of scope, cost and schedule or the project management triangle. This is done during the execution phase and the monitoring and controlling phase of the project, two project management phases that overlap.

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Epicflow Blog

AUGUST 10, 2021

A project baseline falls into three types according to the triple constraints: scope, schedule, and cost. This type of baseline is the planned project schedule approved by stakeholders, which is also a component of a project plan. A cost baseline is the basis for comparing actual costs with the planned ones.

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ProjectManager.com

JANUARY 10, 2024

Having a single entry point for these requests is the best way to capture key information and fully understand the costs, benefits and impact of the request before committing to it. PMOs can use project management software to review and decide on whether to accept, reject or defer the request.

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ProjectManager.com

FEBRUARY 27, 2024

You can even use project planning templates to help you manage your project, track progress and risks. They provide you with a consistent project documentation process, which can then be archived and retrieved to inform future planning. But using project planning templates is, at best, only a starting point.

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ProjectManager.com

JUNE 22, 2022

Let’s look at what a project account is as well as its principles and methods. What Is Project Accounting? Project accounting refers to all elements related to financial transactions in a project. This includes everything from project costs, billing and revenue.

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Epicflow Blog

JULY 5, 2022

Estimation of project cost is one of the core practices of the project initiation stage, which becomes the basis for the approved project budget. At the same time, the forecasted cost should not be too overestimated or underestimated. What helps make cost estimation simple and efficient?

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ProjectManager.com

MARCH 14, 2024

To ensure you have what you need when you need it and those costs align with your budget, estimate the resources necessary to complete the project. This will inform your schedule and budget. Create a Project Budget The project budget will determine the resources, which is the estimated costs of the project.

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ProjectManager.com

MARCH 22, 2024

A construction payment schedule is part of the contract in a construction project. 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. However, most usually include the following.

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ProjectManager.com

OCTOBER 19, 2022

No one needs to tell you that projects cost money. But how much they’ll cost is an open question. The closer you can come to an accurate forecast of project costs, the more likely you’ll deliver a successful project. Rough order of magnitude (ROM) can help you better estimate project costs.

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ProjectManager.com

MAY 28, 2024

We’ve tested the 10 best Buildertrend alternatives of 2024, looking at the pros and cons of each, to help customers find the construction project management software on the market. e-Builder e-Builder is another Buildertrend alternative for construction project management that manages projects. Capterra review: 4.3

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ProjectManager.com

MARCH 21, 2022

ProjectManager is cloud-based software that allows you to plan and track project costs in real time. You have the tools to build an accurate budget and set a baseline to monitor project costs and resource rates with our real-time dashboard. Get more control, data and visibility for your project and budget.

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ProjectManager.com

NOVEMBER 28, 2023

Lessons learned after a project has been completed are another organizational process asset. Therefore, these organizational process assets archived from previous projects can inform how to improve the project management of new projects. Examples of project documents are the project plan, schedule and budget.

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ProjectManager.com

MARCH 2, 2020

Project controls can vary according to industry and organizations, but they always provide a way to complete a successful project and deliver benefits to cost, time and performance. What Are Project Controls? That’s because project controls help to guide the project manager on making informed and accountable decisions.

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ProjectManager.com

NOVEMBER 21, 2023

Our real-time dashboards give project managers a high-level overview of project costs whenever they want them. Dashboards have easy-to-read graphs and charts that track five other project metrics, too. ProjectManager’s live dashboard captures project costs in real time.

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ProjectManager.com

DECEMBER 14, 2022

Project management software can help you with resource loading. ProjectManager is online project management software that allows you to see the available hours of your team, including global holidays for remote workers. You can monitor this on a real-time workload chart that’s color-coded to make it easy to read at a glance.

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ProjectManager.com

JANUARY 17, 2024

Enter the Employee’s Name and Supervisor Information: Timesheets are used in the payroll process, which means they need to be approved by both the employee and employer. Shift Information: Once you’ve defined a day and date, you can enter information about the work shift for your employee.

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ProjectManager.com

APRIL 28, 2021

In order to understand cost control, you must first understand why it is used: monitoring expenses and identifying risks in order to increase profits. Not to be confused with cost management, cost control has its own set of objectives that can save businesses money. What Is Cost Control? Try it for yourself today!

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ProjectManager.com

MAY 28, 2024

We’ve tested the 10 best Buildertrend alternatives of 2024, looking at the pros and cons of each, to help customers find the construction project management software on the market. e-Builder e-Builder is another Buildertrend alternative for construction project management that manages projects. Capterra review: 4.3

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ProjectManager.com

NOVEMBER 27, 2019

PMI has divided the large field of project management into 10 more digestible parts, which it calls the 10 project management knowledge areas in its A Guide to the Project Management Body of Knowledge (PMBOK). These are the chronological phases that every project goes through. Project Cost Management.

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ProjectManager.com

APRIL 22, 2021

A stakeholder map is the first step towards stakeholder management in that it defines the stakeholder’s relationship to the project. It will inform almost every decision a project manager makes in regard to their stakeholders, including the frequency of their meetings and how much information they are given about the project.

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