Remove Document Remove Information Remove Project Cost
article thumbnail

Project Documentation: 10 Essential Project Documents

ProjectManager.com

Project managers know the importance of having project documentation. Project documents must be accurate and constantly updated to keep current with the project. Creating and managing project documentation throughout the project life cycle is critical for project success, but where to start?

article thumbnail

How to Create a Project Initiation Document (Template Included)

ProjectManager.com

That’s why a project initiation document (PID) is so important. To understand why, let’s define the term and compare it to other project documentation. We’ll explore its importance and how to create a project initiation document, including all its many components.

Insiders

Sign Up for our Newsletter

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

article thumbnail

7 Free Estimate Templates for Excel

ProjectManager.com

Project Estimate Template One of the more important estimate templates is the free project estimate template for Excel. It helps project managers build the budget by accurately forecasting project costs, such as resources and their duration. The trouble with free estimate templates is that they’re static documents.

Estimate 369
article thumbnail

RFI in Construction: A Quick Guide for Contractors

ProjectManager.com

An RFI in construction is a request for information. This construction document helps subcontractors understand what they need to do if they have any questions. The request for information identifies these information gaps or ambiguities and the decisions regarding them are shared over the project’s life cycle.

article thumbnail

Work in Progress (WIP) Report in Construction (Template Included)

ProjectManager.com

This is an essential part of managing a construction project as it helps the general contractor calculate the progress of all ongoing work, allowing them to see what’s done and what’s outstanding. It allows them to see what percentage of the project has been completed and how much of the budget has been spent.

article thumbnail

5 project estimate templates (+ guide to calculating project costs)

Wrike

So, while many guides out there leave you to navigate these problems yourself, this guide talks you through how to forecast your project costs , too. We’ll also suggest a more intelligent solution than doing it yourself: using project cost management software , like what you get with Wrike.

article thumbnail

7 Tips on Reducing Project Costs

Epicflow Blog

Reduction of project costs and at least avoiding significant cost overrun is one of the high priority tasks for a project manager. However, it usually becomes challenging due to a great number of factors: underestimation of project costs, uncontrolled changes, poor resource allocation, etc. Poor estimates .