article thumbnail

Industrial Construction: Examples of Industrial Projects

ProjectManager.com

For example, commercial construction can be classified into three subcategories of retail, office, multifamily and industrial construction. In this post, we’ll define industrial construction and how it differs from the rest of commercial construction. What Is Industrial Construction?

article thumbnail

Capital Budgeting: Definitions, Steps & Techniques

ProjectManager.com

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 345
Insiders

Sign Up for our Newsletter

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

article thumbnail

The Gantt Chart in Construction Project Management: Understanding the Best Planning & Scheduling Tool

ProjectManager.com

We’ll show you how to make a Gantt chart in ProjectManager and why construction Gantt charts help deliver projects on time and within budget. The only difference from a Gantt chart used in any other industry is that it manages construction tasks. This will help inform the budget , resources and more.

article thumbnail

Business Project Management Basics

ProjectManager.com

The word project, however, can mean different things depending on the industry in which the business is involved. For example, a project could be an event, the launch of a website or any endeavor that must be completed and delivered on time and within budget. Most must have a bachelor’s degree, at least, in a related field.

article thumbnail

What Should You Include in Your Preconstruction Meeting Agenda?

ProjectManager.com

Construction projects are structured with schedules, budgets and resource allocation. To help you once you break ground on your construction project, we’ll throw in some free construction project management templates on estimating, scheduling and budgeting. What Is a Preconstruction Meeting?

article thumbnail

How to Build and Implement a Project Strategy

ProjectManager.com

The importance of a project strategy is simple: it helps deliver projects on time, within budget and aligned with larger strategic goals. Project Manager: This is a professional responsible for leading the project, making its schedule and budget as well as leading and managing the project team. That’s the project scope.

Budget 373
article thumbnail

What Is a PMO Director? Role, Responsibilities & Salary

ProjectManager.com

They’re responsible for making sure that the related projects are completed on time and within budget. Another important task given to PMO directors is managing and allocating resources across projects according to priorities, schedules and budgets. Our organization is established and has a long history in the industry.

PMO 346