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

Project Management Basics: Definitions, Methods and Tools

ProjectManager.com

Each task and phase of the project has a due date, which means your project has a schedule. Budgets are also part of a project. You need money to pay for the resources to meet the demands of the project within the time allotted. A project budget outlines these expenditures.

article thumbnail

Construction Cost Management: Managing Construction Costs

ProjectManager.com

Construction costs are one of many metrics that a general contractor has to keep an eye on. But if the construction cost goes over budget, that’s coming out of the contractor’s pocket. That’s why construction cost management is so important. What Is Construction Cost Management?

Insiders

Sign Up for our Newsletter

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

article thumbnail

12 Free Project Planning Templates for Excel and Word

ProjectManager.com

Without a plan, projects are in trouble. Project planning is one of the first and most important aspects of project management. Using project planning templates can help you schedule tasks, estimate budgets and allocate resources. Why Use Project Planning Templates?

Planning 364
article thumbnail

Project Documentation: 10 Essential Project Documents

ProjectManager.com

Project managers know the importance of having project documentation. Project documents must be accurate and constantly updated to keep current with the project. Creating and managing project documentation throughout the project life cycle is critical for project success, but where to start?

article thumbnail

Hard Costs vs Soft Costs in Construction: Definitions & Examples

ProjectManager.com

It’s not easy for construction companies to make accurate budget forecasts. There are many variables to consider, from market to labor costs and always-fluctuating prices. But creating a detailed budget is key to successful construction project management. When it comes to budgeting, hard costs are easier to estimate.

article thumbnail

How to Actually Develop a Project Management Plan

Project Risk Coach

A project baseline is a snapshot against which all future measurements will be compared. For example, a project manager can compare actual completion dates of activities to an approved schedule baseline. Without a baseline, how will you monitor and control your projects? What is a project management plan?

article thumbnail

125 Project Management Buzzwords

The IIL Blog

hours, personnel needed, and/or tasks) to ensure that a project can be completed on time and within budget. Change Control A formal process of documenting, reviewing, approving, and managing a change to a project’s scope, schedule, budget, or quality parameters. of a project. effectively and efficiently.