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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.

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Bottom-Up vs. Top-Down Budgeting Approaches

ProjectManager.com

There are many ways to approach budgeting. Two of the more common approaches are bottom-up budgeting and top-down budgeting. Knowing which is right for you starts with understanding both of these budgeting approaches. Then we’ll show you how to make a budget using both so you can make an informed decision.

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How to Manage Project Environment from Initiation to Close

ProjectManager.com

You have a deadlines to meet and budgets to keep. These are things from inside and outside the project that can impact your schedule, budget, team morale and much more. When managing a project, it’s second nature to define its objectives, scope, budget and schedule—but often you neglect the project management environment.

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Project Budget Template for Excel

ProjectManager.com

A project budget contains the financial details of your project, including the estimates of all the money you need to layout to lead a successful project, from resources to materials. Monitor project expenses with this Excel budget template. The budget is the life’s blood of your project, so you need to monitor it accurately.

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Project Management Basics: Definitions, Methods and Tools

ProjectManager.com

If you need more help with project management, check out all of our resources and project management tools for reaching your full potential. Budgets are also part of a project. A project budget outlines these expenditures. That is, projects must come in within budget, be delivered on time and meet the agreed-upon scope.

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Project Monitoring and Control: Tools & Steps

ProjectManager.com

There are project monitoring tools, of course, but like everything in project management, there’s a process that we’ll explain. There are five phases in the project management process: initiation, planning, execution, monitoring and controlling and closing. What Is Project Monitoring and Control?

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

ProjectManager.com

Gantt charts have been a fundamental project management tool for over a century, and it’s easy to understand why. 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. Construction Gantt charts are versatile project management tools.