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Capital Projects: Capital Planning, Budgeting and Funding

ProjectManager.com

When governments or corporations make large investments, they don’t do so without serious planning. These capital projects can be infrastructure-based, such as roads and railways, when launched by the government. Capital planning is the process of budgeting for resources that will be used in the future to fulfill long-term plans.

Budget 339
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The Budgeting Process in Business & Project Management

ProjectManager.com

Without funding and the proper budgeting process, projects in any industry grind to a halt. Budgeting is how those funds are spent. But first, let’s define what a budget is and explore the types of budgets and methods for making a budget. What Is a Budget? It plans your spending over a specific timeframe.

Budget 247
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What Is a PMO Director? Role, Responsibilities & Salary

ProjectManager.com

They’re responsible for making sure that the related projects are completed on time and within budget. They lead the strategic planning and project governance for the organization and define the project management methodologies that are used to manage those projects. The responsibilities of a PMO director are varied.

PMO 341
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What Is a Balanced Scorecard? (Example & Template Included)

ProjectManager.com

It’s a common management tool worldwide, used across industries, including government and nonprofit organizations. This was originally used for nonprofit organizations but later expanded to for-profit businesses and government agencies. To manage those projects, you’ll need project management software.

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IT Financial Management (ITFM) Best Practices

ProjectManager.com

To accomplish this requires financial governance, creating and controlling an IT budget, tracking expenses and doing cost-benefit analysis of IT investments. That’s a lot of responsibility, but it can be handled more effectively with project management software. Here are a few of them. It’s not limited to the IT department.

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Project Portfolio Manager Job Description

ProjectManager.com

A portfolio is a bunch of projects and the project portfolio manager has to allocate resources across all the projects in the portfolio efficiently and deliver on the strategic agenda of the organization that has governance over the portfolio. This requires project management software. It’s plug-and-play!

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What Is a Stakeholder? Definitions, Types & Examples

ProjectManager.com

ProjectManager is a cloud-based work and project management software that has real-time dashboards that monitor six project metrics. Dashboards require no setup, automatically show progress and performance in colorful graphs and charts. ProjectManager’s real-time dashboards keep stakeholders up-to-date.— Learn More!