article thumbnail

What Is Kanban? Meaning, Definitions & Best Practices

ProjectManager.com

Kanban also moved from physical kanban boards and cards to digital tools equipped with project planning, scheduling and tracking features like ProjectManager. ProjectManager is an award-winning project management software that offers kanban boards with robust features for managing tasks and workflows in any industry.

article thumbnail

RFI in Construction: A Quick Guide for Contractors

ProjectManager.com

The general contractor will create project plans and schedules with Gantt charts , but subcontractors need different tools to execute their work. ProjectManager is award-winning construction project management software that has multiple project views that update in real time to foster collaboration.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Resource Requirements in Project Management: A Quick Guide

ProjectManager.com

Knowing one’s resource requirements will also help project managers to get the most out of their resources. This can be done more effectively with project management software. ProjectManager is award-winning project and portfolio management software that allocates and schedules project resources through multiple views.

article thumbnail

How to Make a Contractor Payment Schedule in Construction (Template Included)

ProjectManager.com

Because the construction payment schedule is linked to the project schedule, it should be part of any project plan. Incorporating the construction payment schedule with the execution of the project can be seamlessly achieved with project management software. Each has its advantages and disadvantages.

article thumbnail

Tracking Budget Variance in Project Management

ProjectManager.com

Negative Budget Variance: When the actual costs are higher than the budgeted amount, which means the project finances are underperforming and require further investigation to learn why. Using project management software can track budget variance. Project managers use budget variance analysis when managing projects.

Budget 307
article thumbnail

What Should You Include in Your Preconstruction Meeting Agenda?

ProjectManager.com

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. A preconstruction meeting ensures that all those parts are working together on a common goal.

article thumbnail

Capital Budgeting: Definitions, Steps & Techniques

ProjectManager.com

The time value of money is about the potential rate of return on the investment as well as the reduced purchasing power over time due to inflation. Whatever capital budgeting decisions one makes, project management software can help track those costs. Execute the Project Once chosen, the project will be implemented.

Budget 351