Remove Budget Remove Data Remove Governance Remove Project Cost
article thumbnail

Measuring the Project Management Maturity of Your Organization

ProjectManager.com

When you’re a PMP, program manager or portfolio manager, you need to deliver all those multiple projects on time and within budget. This requires an organization with a well-developed project management process. It’s essential to keep projects successful for any organization to thrive.

article thumbnail

Organizational Process Assets: Definitions, Examples & Templates

ProjectManager.com

Besides the examples above, an operational process asset can be any practice or knowledge from anything used to execute or govern the project, even lessons learned from previous projects and historical data. Organizational process assets may also include schedules, risk data and earned value data.

Process 376
Insiders

Sign Up for our Newsletter

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

article thumbnail

Construction Superintendent Job Description, Responsibilities and Salary

ProjectManager.com

One of their main responsibilities is to deal with the construction project’s resources and make sure they’re available for each assignment. Another aspect of the construction superintendent’s job is to make estimates on how much the work will cost. This will inform the construction project’s budget.

article thumbnail

Cost Management Basics

ProjectManager.com

Cost management is the process by which one plans and manages the budget of a business or project. In the case of a project, it helps the project manager estimate what the project will cost and set in place controls by which they can reduce the chance of the project going over budget.

article thumbnail

Cost Estimation for Projects: How to Estimate Accurately

ProjectManager.com

Good cost estimation is essential for keeping a project under budget. Many costs can appear over the life cycle of a project, and an accurate estimation method can be the difference between a successful plan and a failed one. Projects bring risks, and risks bring unexpected costs. Excluded costs.

Estimate 323
article thumbnail

What Is a Capital Improvement Plan & How to Create One

ProjectManager.com

That creates a dilemma: how to spend their budget. A capital improvement plan can guide an organization when it’s trying to figure out which large projects or purchases in which they should invest. A capital improvement plan (CIP) is used by organizations to make smart budgeting decisions on which large projects or purchases to pursue.

Planning 339
article thumbnail

Kanban vs. Scrum: What’s the Difference?

ProjectManager.com

Learn more One value of using this method is that it’s easier to identify bottlenecks and other issues that could delay the completion of tasks and address them before they affect your project budget or schedule. Scrum boards and kanban boards break the project into smaller, more manageable pieces.

SCRUM 413