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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. A request for quotation differs from a request for proposal or request for information. It provides project details and the service or product and materials needed, including the price.

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How to Create a Timeline in Excel (Free Templates Included)

ProjectManager.com

Excel is a versatile spreadsheet tool that can create a variety of graphs, charts and forms, including timelines for projects. In this blog, we’ll go through each step needed to create a timeline in Excel and explain the advantages and disadvantages of doing so. Why Should You Create a Project Timeline in Excel?

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RFI in Construction: A Quick Guide for Contractors

ProjectManager.com

An army of subcontractors each with their own specific discipline complete construction projects. 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. What Is an RFI in Construction?

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7 Budget Templates for Business & Project Budgeting

ProjectManager.com

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.

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Schedule of Values in Construction (Example & Template Included)

ProjectManager.com

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. Then we’ll link to a free schedule of values template to help you get started.

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How to Manage Your Project Pipeline With Software

ProjectManager.com

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?

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Bottom-Up vs. Top-Down Budgeting Approaches

ProjectManager.com

Therefore, the company allows each of its departments to set its budgets, including a list of expenses and cost projections, which are then submitted to senior management for review. It’s also referred to as participative budgeting as department managers are given a role in the process. What Is Top-Down Budgeting?

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