The IIL Blog

SEPTEMBER 13, 2023

By Alan Zucker We make hundreds of assumptions and take small risks daily. Recovering from these risks may be inconvenient but not horribly impactful. Project assumptions and risks are not as casual. Project assumptions and risks are not as casual. Until we validate them, they are risks.

Risk Management 88

Risk Management Risk Cadence 2016 88

Project Risk Coach

MARCH 2, 2021

Have you ever run out of money for a project? Unforeseen risks knock at your door. You look at your budget, but you don't have the funds to respond to these risks. Let's explore management reserves for projects, who controls them, and how to estimate the reserves. These risks have not been identified.

Budget 284

Budget Estimate Controlling Performance Measurement 284

Rebel’s Guide to PM

AUGUST 29, 2021

Risks matter. Stuff happens on projects, and if the worst happens, it’s better to know about it in advance. That’s the point of risk management: thinking about what might go wrong before it does, so you can put a plan together to deal with it if it does. What’s a risk again? Internal risks. Lack of support.

Risk 320

Risk Technical Review Risk Management Estimate 320

ProjectManager.com

FEBRUARY 27, 2024

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. Download one or all and get your next project started right.

Planning 364

Planning Software Review Risk Management Budget 364

PM Basics

SEPTEMBER 8, 2022

I’ve been managing software development projects for more than 11 years. Risk management is arguably the most crucial piece in my project management approach. Therefore, I spent lots of time and effort creating a practical risk management process. Short Glossary of Project Risk Management.

Risk Management 104

Risk Management Risk Process Underperforming Technical Team 104

ProjectManager.com

JANUARY 23, 2024

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. It’s essential to keep projects successful for any organization to thrive.

Underperforming Technical Team 337

Underperforming Technical Team Risk Management Software Review Budget 337

ProjectManager.com

JUNE 28, 2023

Projects are divided into phases to make them more manageable. All are important, especially project monitoring. Project monitoring and control is how a project manager ensures the plan they’re implementing with the project team goes off without a hitch. What Is Project Monitoring and Control?

Monitoring 293

Monitoring Controlling Software Review Risk Management 293

ProjectManager.com

NOVEMBER 21, 2023

Whether you call it project financial management or project accounting, managing a project’s finances is essential to delivering a successful project. It’s more than just keeping up with costs. There’s a lot of planning, managing and tracking involved. What Is Project Financial Management?

Finance 335

Finance Estimate Budget Risk Management 335

ProjectManager.com

OCTOBER 18, 2023

Keeping tabs on the performance of your project is an essential part of project management. Tracking project performance gives project managers the data they need to keep the actual effort of the project aligned with the planned effort and deliver the project on time and within its budget.

Performance Measurement 352

Performance Measurement Risk Management Budget Monitoring 352

Project Risk Coach

MAY 28, 2019

After publishing my article entitled Evaluating Risks Using Qualitative Risk Analysis , I received questions on how to determine project budget reserves. Project Budget Reserves: Questions and Answers. Question #1 After evaluating risks qualitatively, do you set aside some dollars for a contingency reserve

Budget 186

Budget Estimate Risk Management Project Cost 186

Rebel’s Guide to PM

JULY 22, 2019

Creating a project budget involves: being able to identify all the items that are going to cost money building a complete picture of what you need to spend getting approval for that amount. So it’s worth spending some time on making sure your budget is comprehensive. Types of Project Cost. Direct costs.

Budget 293

Budget 2014 Project Cost Finance 293

Epicflow Blog

AUGUST 31, 2021

Reduction of project costs and at least avoiding significant cost overrun is one of the high priority tasks for a project manager. However, it usually becomes challenging due to a great number of factors: underestimation of project costs, uncontrolled changes, poor resource allocation, etc.

Project Cost 98

Project Cost Underperforming Technical Team Software Review Budget 98

Epicflow Blog

AUGUST 31, 2021

Reduction of project costs and at least avoiding significant cost overrun is one of the high priority tasks for a project manager. However, it usually becomes challenging due to a great number of factors: underestimation of project costs, uncontrolled changes, poor resource allocation, etc.

Project Cost 98

Project Cost Underperforming Technical Team Software Review Budget 98

ProjectManager.com

OCTOBER 5, 2023

Whether you’re managing a project in construction or manufacturing, keeping costs down is paramount. The lower your costs, the higher your profits. This is why in project management and business in general cost control is so important. What Is Cost Control? It’s as simple as that.

Controlling 334

Controlling Manufacturing Construction Underperforming Technical Team 334

PM Basics

NOVEMBER 2, 2020

In this article, you’ll find the real-life project risk management plan example. It comes from my practical experience working on software development projects. Below the example, you’ll find all the required information and resources to create your Risk Management Plan quickly and for free.

Risk Management 105

Risk Management Risk Planning Technical Review 105

Rebel’s Guide to PM

APRIL 10, 2023

Keeping track of problems on projects is really important if you want to come across as a professional project manager. I use an issues log (it’s an Excel spreadsheet) to make sure I record, remember and manage all the issues on my projects. Why not plan for them just in case on your risk register?

Technical Review 389

Technical Review Risk Management Budget Risk 389

ProjectManager.com

OCTOBER 12, 2023

ProjectManager’s API gives customers the tools to develop, implement and manage their own bespoke integrations between two systems. ProjectManager is award-winning project management software that helps you plan, manage and track your projects in real time. Do you have more questions?

Risk Management 336

Risk Management Project Cost Risk Budget 336

ProjectManager.com

AUGUST 22, 2023

What qualifications do you need to land a project management job? What Are Project Management Qualifications? Being qualified for a position as a project manager means you have the skills, experience and temperament for the job. Qualified project managers need the right tools for the job.

Certification 357

Certification Leadership Risk Management Budget 357

nTask

MARCH 2, 2022

Unexpected costs, events, and miscalculations can take your project down the hill in no time. This is where project cost management jumps in. Cost management helps you to mitigate the risk of any surprise costs and budget constraints. What is Project Cost Management?

Project Cost 88

Project Cost Underperforming Technical Team Estimate Budget 88

ProjectManager.com

OCTOBER 19, 2022

No one needs to tell you that projects cost money. But how much they’ll cost is an open question. The closer you can come to an accurate forecast of project costs, the more likely you’ll deliver a successful project. Rough order of magnitude (ROM) can help you better estimate project costs.

Estimate 352

Estimate Software Review Budget Project Cost 352

ProjectManager.com

FEBRUARY 3, 2022

But there are a lot of elements to any successful project charter. If you’re new to project management , a project charter template can set you up to make sure you’re hitting all the major points. We’ve included a free project template charter to help as an example of what a project charter should include.

Risk Management 510

Risk Management Budget Defining Software Review 510

ProjectManager.com

AUGUST 22, 2023

Knowing how to start a project is one of the most critical skills for any project manager. A large project (or a small one) starts with the small stuff and builds to something bigger and more complex. 10 Simple Steps to Start a Project Projects can seem complicated and they certainly can be.

Estimate 271

Estimate Budget Defining Risk Management 271

ProjectManager.com

AUGUST 1, 2023

There are many ways to manage a project. While project management software is the gold standard, there are many free project management templates for Google that you can download to plan, manage and track your projects. They cover all phases of the project through its life cycle.

Risk Management 286

Risk Management Budget Monitoring Risk 286

ProjectManager.com

APRIL 28, 2021

In order to understand cost control, you must first understand why it is used: monitoring expenses and identifying risks in order to increase profits. Not to be confused with cost management, cost control has its own set of objectives that can save businesses money. Seven Tips for Better Cost Control.

Controlling 308

Controlling Risk Management Estimate Budget 308

ProjectManager.com

AUGUST 15, 2023

Project management is all about solving problems before they happen. But even the best planning isn’t going to avoid challenges throughout the project. Let’s look at 15 project management challenges and how to deal with them. Let’s look at 15 project management challenges and how to deal with them.

Estimate 317

Estimate Software Review Monitoring Risk Management 317

ProjectManager.com

AUGUST 15, 2023

Job costing is a type of accounting method that helps identify project costs and track them to keep to your budget. When doing job costing for a project, you’ll break down your project costs into three areas: labor, materials and equipment or overhead costs.

Manufacturing 286

Manufacturing Construction Estimate Project Cost 286

ProjectManager.com

DECEMBER 27, 2023

Creating a schedule of values is important for the project owner, contractor and subcontractors alike. It can be used to communicate what’s needed in the project, the costs associated with the activities and the management of payments. ProjectManager’s Gantt charts manage your human and nonhuman resources.

Construction 369

Construction Estimate Budget Monitoring 369

Project Risk Coach

APRIL 26, 2021

Think about it for a minute – what have you done in the last six months to improve your cost management? How many of your projects came in over budget? Let's look at some practical ways to actually improve your cost management. The project sponsor told him that he had $100,000 for the project.

Estimate 397

Estimate Risk Management Budget Controlling 397

ProjectManager.com

MARCH 22, 2024

This contractor payment schedule is defined in the construction contract and sets pay over regular intervals across the project schedule. This sets clear payment terms for the contractor and reduces the risk of them receiving late payments or even no payment at all. Construction project templates can help facilitate this process.

Construction 314

Construction Software Review Budget Defining 314

Project Risk Coach

APRIL 5, 2021

Have you left anything out of your project management plan? Check out this checklist to help you identify the baselines and plans that will be most helpful to each of your projects. As I define a project management plan, I strive for clarity, brevity, and simplicity. schedule management plan) Ancillary plans (e.g.,

Planning 379

Planning Project Life Cycle Defining Controlling 379

ProjectManager.com

OCTOBER 18, 2022

In order to accomplish those goals and meet a tight deadline and an even tighter budget, you need these 10 free manufacturing Excel templates. A production schedule template is an essential part of your supply chain management. Gantt charts have been essential project management tools for over a century.

Manufacturing 326

Manufacturing Software Review Risk Management Underperforming Technical Team 326

ProjectManager.com

MARCH 20, 2024

Construction projects are structured with schedules, budgets and resource allocation. Many people work on them, from general contractors overseeing subcontractors to architects and, of course, the project owner. It will become evident if the project has been poorly scoped or has unclear specifications and quality requirements.

Construction 332

Construction Software Review Underperforming Technical Team Estimate 332

ProjectManager.com

MARCH 31, 2023

Welcome to project management 101. Project management can seem like a daunting discipline, but once you get a grasp of the fundamentals and combine that with some intuition, you’ll be on your way to leading successful projects, no matter your situation. What Is a Project? What Is Project Management?

Project Life Cycle 403

Project Life Cycle Software Review Monitoring Budget 403

ProjectManager.com

SEPTEMBER 28, 2023

To ensure that your project is meeting scheduling and budget milestones, you need to have project metrics to measure your progress and performance. Project metrics are essential to delivering a project on time and within its budget. But what are project metrics? Why are they so important to a project?

Budget 329

Budget Risk Management Software PMI 329

ProjectManager.com

NOVEMBER 27, 2019

What do you need to know to succeed at project management? While there’s some truth to that joke, it’s not helpful to the student or the experienced professional who is looking for a way to understand the myriad responsibilities of being a project manager. What is PMBOK in Project Management? Everything!

Monitoring 502

Monitoring Risk Management Controlling Technical Review 502

ProjectManager.com

JULY 26, 2023

Before you can start a project — even before you can plan it — you first need to define the project in detail. This allows the project manager to get buy-in from the project’s key stakeholders and ensure all the research has been done to move into the planning phase without any hiccups.

Initiating 285

Initiating Software Review Prince2 Risk Management 285

ProjectManager.com

SEPTEMBER 2, 2021

For that to happen, the project must meet its deadline and stay within budget. To create a project budget, you first need to create a cost baseline so you can compare planned spend to actual spend. What is a Cost Baseline in Project Management? Those two elements make up your project budget.

Estimate 314

Estimate Software Review Budget Project Cost 314