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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. There’s a lot of planning, managing and tracking involved. But what exactly is financial project management? What Is Project Financial Management?

Finance 329
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IT Financial Management (ITFM) Best Practices

ProjectManager.com

IT financial management (ITFM) covers the costs of keeping our network, servers and devices running. IT financial management is a bit more complicated than that and we’ll explain by more thoroughly defining the term. Then we’ll list the professionals who are tasked with IT financial management and their key objectives.

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What Is a Balanced Scorecard? (Example & Template Included)

ProjectManager.com

If you’re not familiar with a balanced scorecard, we’ll define the term and show the four perspectives it tracks as well as explain what should be included in a balanced scorecard. A balanced scorecard is a strategic management performance metric. Let’s define the four balanced scorecard perspectives.

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Google Sheets Budget Template: Track Business Costs Online

ProjectManager.com

A budget is a document that’s mainly used to break down the costs of executing a project or running the operations of a business for a period of time and define a maximum spending limit for the procurement of resources. Google Sheets helps with collaboration but it isn’t a true project management software.

Budget 326
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What Is an IT Budget? IT Budgeting Basics (Template Included)

ProjectManager.com

Managing information costs and managing information security for those costs are part of making an IT budget. Planning and managing these resource costs in an IT budget can be facilitated by project management software. ProjectManager’s Gantt charts help you plan, manage and track IT costs.

Budget 338
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What Is a Project Director? Role, Responsibilities and Salary

ProjectManager.com

The project manager is on the ground, running the team and keeping the daily operations of a project running smoothly. But who looks after the project manager? In project management, that position is called a project director. Project management tends to be a hierarchical methodology that has numerous tiers of command.

Finance 279
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Master Construction Procurement With These Methods

ProjectManager.com

While construction project management includes all plans and schedules for the project, without the goods and services provided by procurement in construction, it’s only an idea and not a structure. Let’s look at procurement in construction, the methods used and the role of the construction procurement manager.