Resource Guru

APRIL 13, 2023

Monitoring and controlling a project is an essential part of any successful project process. So come with us as we go down the rabbit hole of monitoring and controlling, and show you just how important it really is. In this article, we’ll cover: What is monitoring and controlling in project management?

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ProjectManager.com

MAY 15, 2024

Project planning, execution, monitoring and controlling are often the focus of project management. Project completion is the final phase of a project’s life cycle, which starts with initiation and moves through planning, execution, monitoring and controlling to project completion. That’s a mistake.

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ProjectManager.com

JULY 5, 2023

It begins with the planning and design and goes hand-in-hand with estimating and even on-site specialty contractors, change orders and the finished product. Property owners prefer to work with general contractors who are proactive, efficient and accurate with cost estimation and keeping to their budget.

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ProjectManager.com

JANUARY 23, 2024

That’s because the project teams involved with these successful projects follow a defined and repeatable process, which mitigates risk and achieves objectives. Rather, it’s a team effort guided by standardized processes, well-defined roles and responsibilities and collaboration.

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ProjectManager.com

DECEMBER 13, 2023

7 Budgeting Templates for Business and Project Budgeting Below are seven budget templates that you can use for estimating your project’s costs. A budget proposal is a document that estimates the cost of executing a potential project. To help you get started, we have 7 free budget templates that you can download right now.

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ProjectManager.com

DECEMBER 29, 2023

Create a Strategic Roadmap Once you’ve defined your strategic goal, you’ll next need to create a strategic roadmap to get you there. Forecast the Future Resource Requirements of Your Organization To achieve your strategic goals you need to have an accurate estimation of what you need to get there.

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ProjectManager.com

FEBRUARY 27, 2024

Using project planning templates can help you schedule tasks, estimate budgets and allocate resources. You get to address the planning basics, such as defining your project scope, identifying milestones and breaking the project down into manageable phases and tasks. It can help you monitor project expenses and avoid cost overruns.

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ProjectManager.com

MAY 8, 2024

To understand capacity management, we’ll first fully define the term, list the different types and explain why it’s so important in operations management. Capacity management is the process of controlling a business’ available capacity to ensure that resources are being used as efficiently as possible.

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ProjectManager.com

NOVEMBER 21, 2023

We’ll get to that and define the various project financials before getting into the process of managing a project’s finances. Project financial management is the process of controlling the financial aspect of a project, such as its cost, revenue and profit. Project financials center around controlling the following.

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ProjectManager.com

APRIL 17, 2024

To better understand what a sales order is, we’ll define the term, list what should be included and outline the sales order process. To distinguish between other transactional documents, we’ll define a sales invoice and purchase order and how they differ from sales orders. We will define that process in the next section.

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Manufacturing Software Review Monitoring Defining 343

Project Risk Coach

JUNE 4, 2023

Poorly Defined Objectives and Scope One of the primary causes of troubled projects is a lack of clearly defined objectives and scope. To address this issue, it is crucial to establish well-defined objectives from the outset and engage stakeholders in the process to ensure everyone is on the same page. How About You?

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ProjectManager.com

DECEMBER 28, 2023

Being able to see the workload of your team during the execution phase of the project is part of the monitoring and controlling phase. Workload Analysis Steps Workload analysis starts by being able to monitor your team. Identify Your Project Goals The first step is to define the project goals.

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Manufacturing Monitoring Estimate Executing 311

ProjectManager.com

OCTOBER 17, 2023

We’ll define in depth each of the five construction phases: initiation, pre-construction, procurement, construction and post-construction. Understanding what goes into each of the five construction phases is the first step to controlling your project. Construction project management has five phases, the same as any project.

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Construction Process Project Life Cycle Software Review 332

ProjectManager.com

JANUARY 16, 2024

We’ll get to that in a moment as well as define project pipeline management. Work in Progress As the project moves into the execution, monitoring and controlling phase, you’ll need to keep track of the progress and performance of your team to make sure that the project is on schedule and staying within the budget.

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Software Review Software PMO Monitoring 343

ProjectManager.com

AUGUST 23, 2023

To understand what project health is let’s define it and the areas that should be monitored to make sure your project is healthy. As we’ll see in a moment, this requires a close monitoring of various elements of the project. ProjectManager has real-time dashboards to monitor the health of your project. Learn more.

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ProjectManager.com

AUGUST 22, 2023

Define the Project Goals & Key Deliverables Project goals are the purpose for the project and deliverables are the steps that take one close to achieving those goals. Projects often fail when the goals and key deliverables aren’t clearly defined. Maybe people are committing to things outside the change control board.

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Estimate Software Review Budget Controlling 274

ProjectManager.com

NOVEMBER 30, 2023

This will include an accurate estimate of decentralized IT spending and shadow IT spending, the former being the distribution of functions, control and information, while the latter is IT-related hardware and software use without the knowledge of the IT department. It’s never a good idea to create an IT budget and forget about it.

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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. To understand why, let’s define the term and compare it to other project documentation. A project initiation document (PID) is used to define the project thoroughly.

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ProjectManager.com

NOVEMBER 27, 2019

Project management knowledge areas coincide with the process groups, which are project initiation, project planning , project execution, monitoring and controlling, and project closing. This process is monitored, analyzed and reported on to identify and control any changes or problems that might occur.

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ProjectManager.com

NOVEMBER 19, 2021

To begin, let’s look at the five project management process groups defined in the Project Management Book of Knowledge (PMBOK), published by the Project Management Institute (PMI), the leading industry trade group. Each of these phases serve a specific purpose, and project managers must control them to ensure that the project stays on track.

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Process Monitoring Controlling Software Review 306

ProjectManager.com

JANUARY 4, 2024

Let’s start with defining both bottom-up budgeting and top-down budgeting as well as looking at the advantages and disadvantages of each budgeting approach. Executives will appreciate that bottom-up budgeting leads to more accurate estimates throughout the organization. This provides you with an overall budget for the company.

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Budget Software Review Estimate Executing 323

ProjectManager.com

MARCH 31, 2023

Now that we’ve determined what a project is, we can define project management as a discipline. While there are several project management roles within a project team, the project manager is usually in charge of overseeing the process of planning, executing and monitoring projects from start to finish. What Is Project Management?

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ProjectManager.com

FEBRUARY 10, 2023

This involves creating a procurement management plan, testing quality, managing procurement contracts, executing purchases and any other activity that’s needed to control how purchases are made in your organization. The agreements are then signed and the project management plan is updated.

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ProjectManager.com

NOVEMBER 29, 2023

IT financial management is a bit more complicated than that and we’ll explain by more thoroughly defining the term. To accomplish this requires financial governance, creating and controlling an IT budget, tracking expenses and doing cost-benefit analysis of IT investments. It’s not limited to the IT department.

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ProjectManager.com

APRIL 23, 2024

To better understand operational project management requires defining what an operational project is, how it differs from strategic projects and what operational project management is. Operational project management deals with the planning, organizing, monitoring and controlling of resources to achieve project objectives.

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Software Review Monitoring Technical Review Budget 288

ProjectManager.com

JUNE 7, 2023

A cost breakdown structure is a vital tool when managing the financial aspects of a project and helps to not only create a project estimate but also how to create measurable cost controls. The work breakdown structure defines the project deliverables and in so doing decomposes the work that must be completed by the project team.

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ProjectManager.com

JANUARY 26, 2023

The project life cycle is made up of five project stages: project initiation, project planning, project execution, monitoring & control and project closing. ProjectManager is online project management software that helps you control your project from initiation through closure.

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Epicflow Blog

AUGUST 10, 2021

A project baseline can be defined as an approved project plan with or without any approved changes. All of them must be approved by key stakeholders and monitored regularly to ensure that the project is kept on track: problems with one of the types can affect the other ones or even the project outcome if no necessary actions are taken.

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ProjectManager.com

JANUARY 6, 2022

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. That can include listing the project stakeholders and defining all the project tasks.

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ProjectManager.com

SEPTEMBER 26, 2023

After defining what manufacturing engineering is, we’ll look at the professionals who work in that discipline, the manufacturing engineers. Manufacturing engineers can also be tasked with inventory control , quality management, quality control, material flow, cost analysis, procurement and supply chain management.

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Manufacturing Engineering Technical Review Software Review 338

ProjectManager.com

JANUARY 27, 2022

One way to control your project billing is by defining the hard costs vs soft costs on a construction project. When it comes to budgeting, hard costs are easier to estimate. Being able to track your resources is how you keep to your budget, and project management software helps monitor costs. Learn More!

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Construction Certification Software Review Project Life Cycle 308

ProjectManager.com

SEPTEMBER 24, 2021

By providing structure to your project scope, you get some control over the project work and increase the chance that you’ll succeed. Whatever language you use to define these building blocks as you fill in your WBS, they all lead to the same destination—the completion of your project. That’s where a work package comes in.

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ProjectManager.com

MARCH 1, 2024

Set Baselines to Compare Planned vs. Actual Effort With Real-Time Progress Shading It’s critical to monitor your baseline if you want to stay on schedule and within your budget. Link Task Dependencies Project tasks need to be executed in a specific order, which is defined by the dependencies among them.

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Software Review Construction Monitoring Budget 326

ProjectManager.com

MARCH 8, 2022

In order to manage your resources, you have to monitor and track their performance throughout your project. Resource Planning: Once you’ve defined your project scope , you need to estimate what resources will be needed for each task. This quick guide will how you just how to do that. Resource Forecasting. Resource Allocation.

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ProjectManager.com

MAY 30, 2023

To understand what general conditions are, we’ll define the term as it relates to construction and why the term is important. We’ll go further, explaining how to estimate general condition costs and how general conditions compare to construction specifications and general requirements.

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Construction Infrastructure Estimate Defining 255

ProjectManager.com

SEPTEMBER 22, 2021

Managing project time requires planning, scheduling, monitoring and control tasks throughout the project life cycle. There are six steps when managing project time: Define Activities: Define all the tasks necessary to produce the project’s final deliverable. To stay on track, you need accurate time estimates.

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Software Review Estimate Project Life Cycle Monitoring 308

ProjectManager.com

JULY 28, 2022

There’s still give and take between the designer and the architect and costs are estimated but changes could still occur. Design development takes more precise measurements and adds details to the final construction documents so the cost estimation is more precise. They also help with the cost estimates and the bidding process.

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