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Construction Budget: A Quick Guide (with Examples)

ProjectManager.com

Construction projects will never get off the ground without financing. Money sets the gears of construction management in motion. Creating a construction budget, therefore, is one of the most important pieces when developing a construction plan. Let’s take a look at what goes into making a construction budget.

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Capital Projects: Capital Planning, Budgeting and Funding

ProjectManager.com

Capital planning is the process of budgeting for resources that will be used in the future to fulfill long-term plans. What Is Capital Budgeting? Capital budgeting is a process by which a large-scale investment is analyzed, evaluated and prioritized. Capital budgeting increases the likelihood of a better outcome for the company.

Budget 347
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Construction Cost Management: Managing Construction Costs

ProjectManager.com

Construction costs are one of many metrics that a general contractor has to keep an eye on. But if the construction cost goes over budget, that’s coming out of the contractor’s pocket. That’s why construction cost management is so important. What Is Construction Cost Management?

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What Is an IT Budget? IT Budgeting Basics (Template Included)

ProjectManager.com

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? An IT budget consists of all the IT spending for an organization over one year.

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Reimagining How Construction Companies Capture Progress Tracking

Speaker: Felipe Engineer-Manriquez, Christopher Gagliardi, George Hedley, and Jason Nichols

Construction is constantly evolving but not in the matter of building the biggest tower anymore-- it's about utilizing our technological advances to make sure we are doing our jobs better, faster, and more efficiently. How do we navigate the digital channels that the construction industry is in? Where do even begin?

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10 Key Construction Job Titles: Overview & Salary

ProjectManager.com

Whether you’re interested in a career in construction or looking to fill an open position in your construction management company, there are a lot of entry points. Of course, your education and experience will impact many construction job titles you’d be eligible for, which is why we’ve listed the most common construction job titles.

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How to Manage a Residential Construction Project

ProjectManager.com

There are four types of construction projects: commercial construction, industrial construction, infrastructure construction and residential construction. Residential construction might be the easiest for laypeople to understand as most of us live in these types of structures.