article thumbnail

What Is an IT Budget? IT Budgeting Basics (Template Included)

ProjectManager.com

Managing information costs and managing information security for those costs are part of making an IT budget. First, we need to understand what an IT budget is, how often they’re made and what is the best size for one. What Is an IT Budget? An IT budget consists of all the IT spending for an organization over one year.

Budget 343
article thumbnail

How to create a project budget

Rebel’s Guide to PM

What is a project budget? A project budget is a financial document that lays out what you think you’ll spend on a project. ” The project budget might be phased over multiple quarters or years. What does creating a project budget involve? What is included in a project budget?

Budget 307
Insiders

Sign Up for our Newsletter

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

article thumbnail

What Is a PMO Director? Role, Responsibilities & Salary

ProjectManager.com

PMO stands for project management office and it’s responsible for the project management standards in an organization. Either way, it’s run by a PMO director. There are different types of PMOs, all headed by a PMO director. What Is a PMO Director? The responsibilities of a PMO director are varied.

PMO 346
article thumbnail

15 Free PMO Templates for Excel and Word

ProjectManager.com

A PMO, or project management office, can be an internal department or an external group or agency that defines and maintains the standards for a company’s project management. However, all three can use PMO templates to support project programs and portfolios. We’ve collected 15 free templates that are suitable for a PMO.

PMO 246
article thumbnail

Workforce Planning Basics for Businesses and PMOs

ProjectManager.com

One way to make sure you’re supporting your team and project alike is with workforce planning. Workforce planning is important and we’ll show you why. Then we’ll help you with the workforce planning process and explain the benefits of using workforce planning in your projects. What Is Workforce Planning?

Planning 342
article thumbnail

Roadmap to Developing a Strategic Plan For Your PMO

WorkOtter

The points below will assist you in carving out a PMO strategy that’ll make a difference for you. Understand the Advantages and Usefulness of Roadmaps First things first, you need to get to know the benefit of a project management office (PMO) roadmap. As a rule of thumb, make sure that you are setting S.M.A.R.T.

PMO 78
article thumbnail

How to Build and Implement a Project Strategy

ProjectManager.com

Project strategy is the plan that defines a project, which is why project management strategy is so important. Project strategy is made up of your plan and the tools that are used to complete the project. It also streamlines project planning, which increases efficiency as you work on new projects and don’t have to start at square one.

Budget 373