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Construction Budget: A Quick Guide (with Examples)

ProjectManager.com

Creating a construction budget, therefore, is one of the most important pieces when developing a construction plan. How do you create a construction budget, anticipate the costs for a project and track them to make sure you’re not overspending? Let’s take a look at what goes into making a construction budget.

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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. ProjectManager has workload charts to keep teams productive.

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How to write an executive summary stakeholders will love

Planio

According to some estimates , PMs spend 90% of their time communicating with team members, sponsors, and stakeholders. An executive summary is your secret weapon when it comes to project communication. Jump to a section: What is an executive summary? How is an executive summary different from other project documents?

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Best Cost Control Techniques

ProjectManager.com

Cost control as a process begins with budgeting. Actual financial results are compared with the budgeted expectations and if the actual costs are more than what was budgeted, actions to reduce those costs must be implemented. This includes labor, but also equipment, materials and anything required to execute tasks.

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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. Rather, it’s a team effort guided by standardized processes, well-defined roles and responsibilities and collaboration.

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The 5 Phases of the Construction Process (Templates Included)

ProjectManager.com

From the smallest to the largest and most complicated, they’re broken down into five construction phases to detail all the steps necessary to complete the project on time and within budget. Programming and feasibility are where the planning team defines the project’s objectives and goals. A site analysis is also conducted.

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7 Awesome Meeting Habits That Will Make You Money

Rebel’s Guide to PM

Too much bad meeting behavior affects your ability to serve you customers at a high level, and ultimately will cost you a lot of money. Now, let’s imagine the beginning of a new product development meeting at Apple. Total meetings = 50,000 Estimated cost per meeting = $250 TOTAL MEETING COST PER YEAR = $1,250,000 (over 1 MILLION!).