Remove Budget Remove Industry Remove Monitoring Remove Project Life Cycle
article thumbnail

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?

Budget 247
article thumbnail

How to Manage Your Project Pipeline With Software

ProjectManager.com

Projects have a beginning, middle and end. That’s called the project life cycle. When you’re a project management office (PMO) or program or portfolio manager, you’re going to have to deal with multiple projects in various stages of the project pipeline. What is a project pipeline?

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 Cost Management: Managing Construction Costs

ProjectManager.com

But if the construction cost goes over budget, that’s coming out of the contractor’s pocket. Knowing exactly what construction cost management means and what a construction cost is can be the difference between project success or failure. Construction cost management is the process of keeping projects on budget.

article thumbnail

How to Create a Project Execution Plan (PEP) – Free Template Included

ProjectManager.com

What Is a Project Execution Plan (PEP)? A project execution plan is a document used to define how you will execute a project. That should be obvious from the name, but it also addresses the project scheduling, monitoring and controlling needed to bring the project deliverables. Learn more. Real-Time Data.

Executing 320
article thumbnail

Monitoring and Controlling Projects: A "How to" Guide

Project Pulse Journal

You might wonder if it's possible to keep a keen eye on every project detail without overburdening yourself and your team. Can you truly have a well-monitored project and a motivated team working harmoniously? Ready to transform the way you manage projects? Key Takeaways Effective monitoring is proactive, not reactive.

article thumbnail

How to Write a Business Case (Template Included)

ProjectManager.com

Think of the business case as a document that is created during the project initiation phase but will be used as a reference throughout the project life cycle. You can organize them according to your production cycle with our kanban board view, or use our Gantt chart view to create a project schedule.

article thumbnail

125 Project Management Buzzwords

The IIL Blog

So, picture this: you are transitioning from your current position into a project management career. The industry didn’t matter; it was about translating my work experience into specific project management industry-recognized terms and managing projects. process, policy, practices, perceptions, etc.)