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Change Control Board: Roles, Responsibilities & Processes

ProjectManager.com

This is why projects have a change control board. If changes are requested, the change control board shows how those changes are managed with the least amount of disruption to the project’s plan. The importance of a change control board to a successful, high-quality project cannot be overstated. What Is a Change Control Board?

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CM at Risk (CMAR): Pros & Cons of Construction Management at Risk Delivery Method

ProjectManager.com

The elements of any construction project delivery include design, planning, construction and financing. Construction management at risk, also known as CM at Risk or CMAR, is a construction management approach that’s been gaining popularity. What Is Construction Management at Risk? CM at Risk Pros & Cons.

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Project Financial Management: Managing Project Financials

ProjectManager.com

Whether you call it project financial management or project accounting, managing a project’s finances is essential to delivering a successful project. We’ll get to that and define the various project financials before getting into the process of managing a project’s finances. Project financials center around controlling the following.

Finance 335
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14 Common Project Risks (+ more)

Rebel’s Guide to PM

Risks matter. 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. However, at the beginning of your project when your risk log is empty, it can be a bit of a challenge to think of all the stuff that might need to go on there.

Risk 325
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How Project ERP Can Benefit Your Project-Based Organization

ProjectManager.com

Businesses use project ERP to manage various aspects of their business, from company finances to the customer journey, all in one centralized place. Manufacturers with simple operations use a traditional ERP for straightforward production and overall finances. In short, it’s an ERP that uses project management features.

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IT Financial Management (ITFM) Best Practices

ProjectManager.com

To accomplish this requires financial governance, creating and controlling an IT budget, tracking expenses and doing cost-benefit analysis of IT investments. ProjectManager’s workflow automation saves time when managing IT finances. What might not be so clear is how to effectively manage IT finances.

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Capital Projects: Capital Planning, Budgeting and Funding

ProjectManager.com

There’s a lot of money involved in these capital projects and that means getting the funding and allocating the finances wisely. Because a capital project must be carefully managed, governments and corporations alike will use project management software to control the use of its resources and manage time. But what is a capital asset?

Budget 345