article thumbnail

Best Cost Control Techniques

ProjectManager.com

This is why in project management and business in general cost control is so important. To understand cost control, let’s first define it and then we’ll show the steps you can take to implement cost control. There are also a number of cost control techniques that can help, which we’ll also outline. What Is Cost Control?

article thumbnail

How Poor Risk Management Is Hurting Your Program

Project Risk Coach

Poor risk management is costly. Let's look at the cost of poor risk management through the example of Tom Whitley. Although Tom missed a few deadlines, he implemented most of his projects, though small, on time and under budget in his first year. The senior management team praised Tom for the early action.

Insiders

Sign Up for our Newsletter

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

article thumbnail

What Is Change Control in Project Management?

ProjectManager.com

Teams get sick. If the change is accepted, that is it must be responded to—which opens a whole new set of procedures to make sure you stay on track and within budget. Change control is the process used to manage all these variables. What Is Change Control? What Are the Benefits of a Well-Executed Change Control?

article thumbnail

Project Controls: A Quick Guide

ProjectManager.com

If something bad is going to happen on a project, it’s likely related to time, cost or scope. There are many tools that can mitigate risk in a project, but it also takes skill in something called project controls. What Are Project Controls? In project management, project controls address the following: Project strategy.

article thumbnail

Cost of Quality (COQ): A Quick Guide

ProjectManager.com

Time, cost and scope have to be controlled to successfully complete a project. But we’ll also discuss the cost of good quality vs. the cost of poor quality and show you how to measure COQ. This is done in two ways as illustrated above: controlling good quality against the failure of control, which leads to bad quality.

article thumbnail

6 Ways to Stay in Control in Project Management

LiquidPlanner

6 ways to stay in control when your project isn’t. In celebration of National “ I Am In Control Day ” we thought it would be fun to explore the dynamics of “control” that we experience as project managers. National “I Am in Control Day” has a fascinating history. on March 30, 1981. on March 30, 1981.

article thumbnail

How to manage team conflict (& 5 strategies for conflict resolution)

Rebel’s Guide to PM

We challenge leaders, we talk about risk and what might go wrong and we call people out on poor performance through project monitoring and control. Conflict should be a healthy part of any team’s development, and it’ a good way to challenge requirements and ensure that your business case and plans stand up to scrutiny.