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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

Plus we’ve added handy links to help you dive deeper into different topics with videos, articles and even our round-up of all resources so you can put these important terms into practice with your projects. Devin Deen explains how to use Activity on the Arrow diagramming to chart the critical path in this video.

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RFI in Construction: A Quick Guide for Contractors

ProjectManager.com

This construction document helps subcontractors understand what they need to do if they have any questions. We’ll also note the difference between an RFI in construction and other construction project management documents before going into the construction RFI process, the different types of RFIs and more.

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Resource Requirements in Project Management: A Quick Guide

ProjectManager.com

Once one understands what resource requirements are in project management, next there is estimating what those resources will be and managing them. Using the project teams to mine their knowledge of the work and historical data can also play a role in estimating the project scope. What Are Resource Requirements in Project Management?

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10 Best Buildertrend Alternatives of 2024 (Free + Paid)

ProjectManager.com

Sadly, Buildertrend has no free trial and only some demo video clips online. This includes managing construction documents and tracking costs and time with a mobile app for onsite updates. Buildxact Buildxact is a Buildertrend alternative that differentiates itself from others on this list by focusing on estimating and job management.

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7 Budget Templates for Business & Project Budgeting

ProjectManager.com

It’s a document that captures the total costs required to complete a project over a specified timeframe. 7 Budgeting Templates for Business and Project Budgeting Below are seven budget templates that you can use for estimating your project’s costs. The project budget is developed during the planning phase of a project.

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What Is Project Risk? 7 Project Risks to Track

ProjectManager.com

When estimating overall project risk, you’ll need to consider all the positive and negative risks that your project might be subject to, including their likelihood and potential impact. When you’re documenting risks, note where impacts to time, cost and quality are likely to occur. Use a risk register to document them.

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Schedule of Values in Construction (Example & Template Included)

ProjectManager.com

But what is a schedule of values and why is it such an essential construction project management document? The schedule of values (SOV) is a construction document that’s part of the payment process when working on a project. Construction Estimate Template Part of the proposal project is estimating the cost of the project.