Rebel’s Guide to PM

FEBRUARY 5, 2024

If you are planning a budget for a project proposal i.e. pitching to someone else for them to secure your services to deliver a piece of work, then read this article about preparing a budget for a proposal. What is included in a project budget? I find this helps me establish what’s in the project budget and what isn’t.

Budget 301

Budget Project Cost Estimate Finance 301

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 310

Estimate Software Review Monitoring Risk Management 310

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 287

Monitoring Controlling Software Review Risk Management 287

ProjectManager.com

JULY 5, 2023

Construction costs are one of many metrics that a general contractor has to keep an eye on. There are others, of course, such as the schedule, quality, safety and much more. But if the construction cost goes over budget, that’s coming out of the contractor’s pocket. That’s why construction cost management is so important.

Construction 299

Construction Estimate Monitoring Budget 299

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 353

Certification Leadership Risk Management Budget 353

Project Pulse Journal

NOVEMBER 24, 2023

By: Dr. Michael Shick, MSPM, PMP, CSM Are you a project manager struggling to predict the risks in your projects accurately during planning? Do you find yourself overcome by the inherent uncertainty of project variables like cost or schedule and worried about how they might impact your project's success?

Risk Management 52

Risk Management Risk Engineering Estimate 52

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. Everyone should understand their part in the larger project. What Is a Preconstruction Meeting?

Construction 326

Construction Software Review Underperforming Technical Team Estimate 326

Rebel’s Guide to PM

APRIL 5, 2024

This article reviews and explains the 10 project management Knowledge Areas from the PMBOK® Guide -- Sixth Edition. All the things you need to know and do for successful risk management, for example, are bundled under the Risk Management Knowledge Area. What are the project management Knowledge Areas?

PMI 201

PMI Risk Management Risk Technical Review 201

ProjectManager.com

MARCH 21, 2022

Whether you’re a numbers person or not, as a project manager, ownership of a budget is usually a key part of your job responsibilities. Creating and managing a project budget can be a daunting task, but it can be easy if you use the right project budgeting software. What Is a Project Budget? Learn More!

Budget 310

Budget Software Review Software Estimate 310

ProjectManager.com

SEPTEMBER 2, 2021

It’s with this cost baseline that you can make cost estimates for each task of your project and see if you’re on target or overspending. Let’s take a moment to fully understand this cost management basic concept and how you can use it to keep your project on track. Try ProjectManager free today!

Estimate 308

Estimate Software Review Budget Project Cost 308

Teamweek

DECEMBER 22, 2023

Parametric estimation is a crucial estimation technique in project management. That’s because parametric estimations are highly accurate and take some guesswork from your estimation process. What is parametric estimating? The more granular the parameter, the more accurate the estimate.

Estimate 52

Estimate Software Review Project Cost Risk Management 52

EasyProjects

OCTOBER 19, 2020

Whether it’s designing a new product or improving upon an existing work process, nothing matters more than how much it will cost the company in the end. This is where project cost management comes into play. For this reason, a budget must be determined to ensure that the allocated project costs stay in line.

Project Cost 98

Project Cost Estimate Budget Consulting 98

nTask

MARCH 30, 2022

According to a report generated by PMI , 14% of the IT projects surveyed and started by companies in the organizational paradigm are deemed failures. Today, we will discuss project cost management, the benefits associated with it, and the steps involved in the overall cost management process.

2022 88

2022 Project Cost Construction Budget 88

Teamweek

DECEMBER 1, 2022

Even when you tell yourself that “this time is going to be different,” — but project costs somehow still manage to get out of control? Only 43% of projects are “mostly or always” completed on budget. Let’s talk about project cost management. ??. Cost estimating.

Project Cost 52

Project Cost Estimate Technical Review Budget 52

ProjectManager.com

FEBRUARY 24, 2020

The answer is a cost management plan. What is a Cost Management Plan? A cost management plan is a method of strategizing the planning and execution of a project’s budget. Of course, this is done in order to complete your project on time and on budget. Cost Estimation.

Planning 289

Planning Estimate Budget Project Cost 289

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 308

Construction Software Review Budget Defining 308

Rebel’s Guide to PM

NOVEMBER 2, 2023

Managing resources in professional services firms is crucial for maintaining sustainability and achieving anticipated employee performance goals. But unfortunately, many resource managers have to rely on approximation and guesswork because they don’t have the right tools and techniques. Let us begin with the basics.

Underperforming Technical Team 293

Underperforming Technical Team Technical Review Software Review Estimate 293

ProjectManager.com

APRIL 19, 2024

Kanban and scrum are agile project management methodologies that can be used for similar purposes, but each has its unique pros and cons. As a project manager, it’s important to understand the difference between kanban and scrum so you can determine the best approach for your team. What Is Kanban?

SCRUM 411

SCRUM Manufacturing 2001 Agile 411

ProjectManager.com

MARCH 2, 2020

If something bad is going to happen on a project, it’s likely related to time, cost or scope. Project managers are well aware of this and spend much of their time planning in order to avoid negative risk and its potential impact. In fact, it works throughout the entire life cycle of a project.

Controlling 409

Controlling Underperforming Technical Team Estimate Risk Management 409

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

ProjectManager.com

MAY 30, 2023

If you’re a general contractor working in construction project management, you’ll need to know about general conditions. We’ll go further, explaining how to estimate general condition costs and how general conditions compare to construction specifications and general requirements. We’ll get to that later.

Construction 255

Construction Infrastructure Estimate Defining 255

ProjectManager.com

JUNE 22, 2022

Project accounting, as with general accounting, is a method by which project managers can manage project finances. Project accounting is not the same as balancing your checkbook or even seeking the service of a certified public accountant as it’s unique to project management. Learn more.

Software Review 348

Software Review Finance Monitoring Project Cost 348

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 499

Monitoring Risk Management Controlling Technical Review 499

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 279

Initiating Software Review Prince2 Risk Management 279

ProjectManager.com

NOVEMBER 23, 2023

The use of capital budgeting offers an objective view that helps managers figure out how to invest capital in order to increase business value but also helps the overall health of the company. Capital budgeting is part of the larger financial management of a business, focusing on cash flow implications when making an investment decision.

Budget 340

Budget Technical Review Software Review Executing 340

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 317

Risk Technical Review Risk Management Estimate 317

ProjectManager.com

SEPTEMBER 16, 2020

A project budget contains the financial details of your project, including the estimates of all the money you need to layout to lead a successful project, from resources to materials. Monitor project expenses with this Excel budget template. ProjectManager.com’s Project Budget Template.

Budget 414

Budget Estimate Risk Management Monitoring 414

ProjectManager.com

MAY 12, 2021

Track your project’s time and material usage in real time with ProjectManager.com’s Construction Project Management Software. A time and materials contract is commonly used in construction project management, though it’s also used in product development and other types or projects.

Construction 416

Construction Estimate Executing Monitoring 416

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 399

Project Life Cycle Software Review Monitoring Budget 399

The Lazy Project Manager

SEPTEMBER 16, 2020

The Lazy Project Manager. I n the 2020’s can there be any remaining justification for using worksheets to build and store project cost calculations? We are, without any doubt, in the word of social collaboration in project management, harnessing the power of the many and strength of the collective.

2020 279

2020 Project Cost Estimate Risk Management 279

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 280

Risk Management Budget Monitoring Risk 280

Kiron Bondale

SEPTEMBER 20, 2020

If you have ever taken a course in project management, you may have learned the differences between contingency and management reserves. A challenging task faced by many project managers is defending contingency reserve amounts their teams have estimated are required for their projects.

Risk Management 207

Risk Management Risk Estimate Project Cost 207

ProjectManager.com

APRIL 19, 2023

There’s more than one way to manage a construction project. Along the way, we’ll explain why lean construction can benefit your project and how the right project management software can help you take advantage of lean construction. ProjectManager has Gantt charts to manage your lean construction.

Construction 310

Construction Lean Manufacturing Engineering 310

ProjectManager.com

NOVEMBER 19, 2021

To keep to your schedule and manage costs, you need to gather and process project data throughout the five PMBOK project management groups. What Are the 5 PMBOK Project Management Process Groups? Project management software helps project managers stay on top of each of these process groups.

Process 306

Process Monitoring Controlling Software Review 306

Rebel’s Guide to PM

JANUARY 31, 2024

Everyone wants their projects to be “quality” but I often get asked about how to manage project quality in real life. What does it mean to “do” project quality? You probably already know that you need a quality management plan , and that management, assurance and control are the pillars of doing it right.

Software Review 325

Software Review Technical Review Budget Defining 325

Rebel’s Guide to PM

SEPTEMBER 22, 2021

Sol Benady is a management consultant, Fintech entrepreneur, and program manager working in the banking sector. He started his career as an auditor in London, trained with E&Y where he qualified as an accountant, and then moved into consulting for retail and investment banking for a wide range of projects and clients.

Budget 355

Budget 2015 Retail Governance 355

ProjectManager.com

MAY 26, 2021

For example, a fixed-price contract is only viable for the contractor when they are able to very accurately forecast how much the project will cost. If there are too many variables and unknowns, then setting an arbitrary cost for the work can be too high or too low. It’s too much of a risk to take.

Risk Management 324

Risk Management Budget Risk Defining 324