Remove Controlling Remove Estimate Remove Governance Remove Process
article thumbnail

The 5 Phases of the Construction Process (Templates Included)

ProjectManager.com

Understanding what goes into each of the five construction phases is the first step to controlling your project. Initiation Phase The initiation phase might be the most important of all five phases as it maps out the approval process for the project and sets everything in place to build. The last step is the construction documentation.

article thumbnail

Cost Estimation for Projects: How to Estimate Accurately

ProjectManager.com

Good cost estimation is essential for keeping a project under budget. Many costs can appear over the life cycle of a project, and an accurate estimation method can be the difference between a successful plan and a failed one. Estimation, however, is easier said than done. An Overview of Cost Estimation. Excluded costs.

Estimate 314
Insiders

Sign Up for our Newsletter

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

article thumbnail

Measuring the Project Management Maturity of Your Organization

ProjectManager.com

This requires an organization with a well-developed project management process. That’s because the project teams involved with these successful projects follow a defined and repeatable process, which mitigates risk and achieves objectives. It’s essential to keep projects successful for any organization to thrive.

article thumbnail

10 Best Procore Alternatives of 2024 (Free + Paid)

ProjectManager.com

Subpar bidding tool: Users find Procore’s bidding and estimating functionality problematic, which has been brought to the attention of the software. It’s especially useful for scheduling and has cost-estimating features. It is built to serve heavy civil construction estimating, operations and business intelligence.

2024 362
article thumbnail

IT Financial Management (ITFM) Best Practices

ProjectManager.com

IT financial management is made up of the processes and tools that are needed to manage and analyze IT costs. There’s also the communication of the value of these processes and tools to IT leaders in order to prove their value to the business. What Is IT Financial Management (ITFM)? Here are a few of them.

article thumbnail

Manufacturing Engineer Job Description

ProjectManager.com

It researches and develops tools, processes, machines and equipment with systems that are integrated into the manufacturing facility. At a high level, manufacturing engineering is the process of turning raw materials into finished products in the most effective and efficient manner possible.

article thumbnail

How to Make a Construction Phase Plan (Templates Included)

ProjectManager.com

Creating a construction phase plan is part of the larger management process of construction, which is aided by the use of project management software. The principal contractor is responsible for creating the construction phase plan as they are the one who will oversee the management and control of the construction project.