Remove Estimate Remove Governance Remove Monitoring Remove Reference
article thumbnail

The 5 Phases of the Construction Process (Templates Included)

ProjectManager.com

At this point, there will be a selection of the project delivery method, construction cost estimating and permitting. The construction budget will also be referred to as well as the larger construction plan. When the site is complete, the plans and findings are reviewed by local government officials.

article thumbnail

Hard Costs vs Soft Costs in Construction: Definitions & Examples

ProjectManager.com

Some refer to these as brick-and-mortar costs, because these costs include the structure, construction site and landscape. When it comes to budgeting, hard costs are easier to estimate. Being able to track your resources is how you keep to your budget, and project management software helps monitor costs. Learn More!

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Write a Business Case (Template Included)

ProjectManager.com

Think of the business case as a document that is created during the project initiation phase but will be used as a reference throughout the project life cycle. Once you have all the tasks collected, estimate how long it will take to complete each one. Project Governance. Project Budget. Project Schedule. Progress Reports.

article thumbnail

Cost Management Basics

ProjectManager.com

In the case of a project, it helps the project manager estimate what the project will cost and set in place controls by which they can reduce the chance of the project going over budget. Then, when the project is executed, the expenses are carefully monitored and recorded to make sure that they’re aligned with the cost management plan.

article thumbnail

Best PMI-ACP Exam Prep Books

Rebel’s Guide to PM

It’s also useful to have books to carry around with you for reference when you can’t access your training materials. They all feature on PMI’s exam reference materials list. It talks about measuring and monitoring velocity during an iteration too. Agile Estimating and Planning by Mike Cohn. Buy on Amazon. Buy on Amazon.

PMI 195
article thumbnail

14 Common Project Risks (+ more)

Rebel’s Guide to PM

Monitoring the project’s finances and cost throughout the project lifecycle is a key responsibility. Monitor schedule progress throughout a project; a metric like schedule performance index (SPI) is often quite helpful for this. Poor estimating. Sometimes the estimates are just rubbish. Governance risk.

Risk 320
article thumbnail

WBS Dictionary: A Quick Guide with Examples

ProjectManager.com

All three are essential to measure and monitor the scope of a project. This gives team members who refer to the WBS dictionary a deeper understanding of what’s needed to complete the project successfully. That cost estimation should be included here. Collect Technical References. Calculate Cost. Define Quality.

Executing 231