MPUG

JUNE 22, 2021

A recent survey of Microsoft Project User Group (MPUG) members found that one top concern for project managers using MS Project was how to manage issues and risks within the Project ecosystem. This is valid because topics like risk management can be contentious, and having multiple sources of the ‘truth’ does not help.

Risk Management 105

Risk Management Risk Estimate Defining 105

Rebel’s Guide to PM

SEPTEMBER 8, 2021

What is a method in project management? We have a ton of project management methods – some you probably don’t spend much time thinking about at all. Types of project management methods. Project management uses lots of methods. But there are some specific project management methods. Read my full disclosure.).

Underperforming Technical Team 440

Underperforming Technical Team Estimate Software Review Risk Management 440

ProjectManager.com

FEBRUARY 3, 2022

If you’re new to project management , a project charter template can set you up to make sure you’re hitting all the major points. It begins the process of defining the roles and responsibilities of those participants and outlines the objectives and goals of the project. The project management charter serves as a reference document.

Risk Management 510

Risk Management Budget Defining Software Review 510

Project Risk Coach

DECEMBER 11, 2022

You are a project manager and have to make decisions on the fly. And this can be particularly difficult when estimating the cost and the timeline of complex, volatile projects. In this article, I will share what you need to know about Monte Carlo risk analysis , how it works, and an overview of when it should be used.

Estimate 195

Estimate Risk Management Risk Budget 195

Epicflow Blog

MARCH 22, 2024

This article is inspired by the webinar featuring Epicflow co-founder Jan Willem Tromp and professor Mario Vanhoucke based on his latest book “The Illusion of Control: Project Data, Computer Algorithms and Human Intuition for Project Management and Control”.

Risk Management 52

Risk Management Controlling Risk Aerospace 52

ProjectManager.com

JUNE 28, 2023

Projects are divided into phases to make them more manageable. Project monitoring and control is how a project manager ensures the plan they’re implementing with the project team goes off without a hitch. There are five phases in the project management process: initiation, planning, execution, monitoring and controlling and closing.

Monitoring 293

Monitoring Controlling Software Review Risk Management 293

Teamweek

NOVEMBER 3, 2023

Top-down estimating is a form of estimation where existing knowledge of similar projects is used in the estimation process to produce a ballpark figure for the total cost. Like other methods to estimate a new project’s cost , top-down estimation has advantages and disadvantages. What is top-down estimating?

Estimate 52

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ProjectManager.com

JANUARY 16, 2024

When you’re a project management office (PMO) or program or portfolio manager, you’re going to have to deal with multiple projects in various stages of the project pipeline. We’ll get to that in a moment as well as define project pipeline management. ProjectManager’s roadmaps help you manage your project pipeline.

Software Review 350

Software Review Software PMO Monitoring 350

ProjectManager.com

NOVEMBER 23, 2023

Then we can go through the capital budgeting techniques and the steps to a capital budgeting process. Capital budgeting is a process by which investments in large-scale projects are analyzed, evaluated and prioritized. Whatever capital budgeting decisions one makes, project management software can help track those costs.

Budget 346

Budget Technical Review Software Review Executing 346

ProjectManager.com

JULY 5, 2023

That’s why construction cost management is so important. Knowing exactly what construction cost management means and what a construction cost is can be the difference between project success or failure. We’ll go over those definitions and explain the construction cost management process so you can manage projects better.

Construction 306

Construction Estimate Monitoring Budget 306

Project Pulse Journal

NOVEMBER 24, 2023

By: Dr. Michael Shick, MSPM, PMP, CSM Are you a project manager struggling to predict the risks in your projects accurately during planning? This is where Monte Carlo Simulation transforms the art of project risk management into a more precise science, as part of quantitative risk analysis.

Risk Management 52

Risk Management Risk Engineering Estimate 52

Epicflow Blog

JULY 5, 2022

Estimation of project cost is one of the core practices of the project initiation stage, which becomes the basis for the approved project budget. However, the main challenge of this process is that it has to be performed under conditions of uncertainty – you can forecast only the approximate budget you’re going to spend on a project.

Project Cost 52

Project Cost Estimate Process Budget 52

ProjectManager.com

NOVEMBER 2, 2023

Whether you’re interested in a career in construction or looking to fill an open position in your construction management company, there are a lot of entry points. We explain what each is and offer a salary average to see how much you can expect to earn or pay for one of these construction management roles.

Construction 314

Construction Estimate Logistics Engineering 314

ProjectManager.com

OCTOBER 15, 2020

When managing a project, one is required to make a lot of key decisions. Because of the high stakes, good managers don’t just make decisions based on gut instinct. They prefer to minimize risk to the best of their ability and act only when there is more certainty than uncertainty. The Process of Cost Benefit Analysis.

Risk Management 516

Risk Management Consulting Risk Budget 516

ProjectManager.com

JUNE 4, 2021

The following are our top 8 Microsoft Excel construction templates for better construction project management. Using our construction proposal template ensures all the necessary information is included and presented in a way that makes the most sense. Construction Estimate Template. This process hinges on estimating expenses.

Construction 410

Construction Risk Management Estimate Software Review 410

Rebel’s Guide to PM

SEPTEMBER 3, 2021

You wouldn’t believe the number of project managers I speak to on mentoring calls who struggle to get their budget approved. This article will explain project contingency, how to calculate contingency and how to manage it within the scope of your projects. So risk is critical to understanding contingency: that’s the first step.

Technical Review 297

Technical Review Software Review Estimate Risk Management 297

Rebel’s Guide to PM

NOVEMBER 2, 2023

Managing resources in professional services firms is crucial for maintaining sustainability and achieving anticipated employee performance goals. But unfortunately, many resource managers have to rely on approximation and guesswork because they don’t have the right tools and techniques. Let us begin with the basics.

Underperforming Technical Team 299

Underperforming Technical Team Technical Review Software Review Estimate 299

nTask

FEBRUARY 18, 2021

After drafting an impeccable project plan, the next step is to present it to your clients. This is the turning point, as PMs have to deal with the age-old ‘ How to present a project plan efficaciously ?’ Presenting a project plan requires more than just PowerPoint slides. How to Present A Project Plan In an Agile Environment?

Planning 113

Planning Technical Review Software Review Estimate 113

ProjectManager.com

JULY 11, 2023

Finally, we’ll show you how to manage a business budget to keep your business viable. One of the main objectives of a business budget is to identify the business’ available funds and estimate how much will be spent over a period of time. What Is a Business Budget? There’s no setup required. Then there are taxes.

Budget 278

Budget Software Review Estimate Risk Management 278

ProjectManager.com

JANUARY 17, 2022

The triple constraint of project management has been given many names – the Project Management Triangle, Iron Triangle, and Project Triangle – which should give you an idea of how important the Triple Constraint is when managing a project. If you’re managing a project, then you’re working with the Triple Constraint.

Budget 502

Budget Estimate Controlling Risk Management 502

ProjectManager.com

DECEMBER 6, 2023

Strategic project management understands this. If you haven’t heard the term before, we’ll begin with a definition of strategic project management and explain how strategic projects differ from operational projects. What Is Strategic Project Management? Allocate resources, track time and manage tasks all from one screen.

Planning 398

Planning PMO Manufacturing Logistics 398

Rebel’s Guide to PM

MARCH 18, 2021

In this article we’ll look at the types of artifacts in project management, typical documents for each type. In project management, artifacts relate to documents: the project documentation you produce that defines and supports the work you are doing. For example: a project management artifact is the project closure document.

Logistics 509

Logistics Artificial Inteligence PMI Performance Measurement 509

MPUG

MAY 17, 2021

Imagine you are managing a large project, which is strategically important and complex. At the outset, you realize there will be a number of risks, which if not managed well, could paralyze the outcome and have negative impacts on the project objectives. Will a software tool for only project management meet your needs?

Risk Management 101

Risk Management Risk 2019 Monitoring 101

Rebel’s Guide to PM

FEBRUARY 5, 2024

There are several ways of categorizing project cost for your project budget: Direct costs Indirect costs Capital costs (capex) Operating costs (opex) Project deliverable costs Project management costs And your organization may have other standard ways of thinking about cost categories. Let’s look at each of those in turn.

Budget 307

Budget Project Cost Estimate Finance 307

ProjectManager.com

SEPTEMBER 29, 2022

There’s a lot riding on what project your organization moves forward with, especially if you’re managing a program or portfolio. Thankfully, there’s project prioritization to help guide your decision-making process. Project prioritization is a process that allows an organization to figure out which potential projects are worth doing.

Software Review 270

Software Review Development Team Review Risk Management Defining 270

PM Basics

SEPTEMBER 12, 2022

No matter the industry or size of a project, scope management is the most crucial aspect – you must become a professional scope manager first of all. . Scope management is a combination of processes and tools that help to identify tangible and intangible project outcomes. Why Scope Management is Important?

Process 108

Process Underperforming Technical Team Estimate Software Review 108

Teamweek

AUGUST 1, 2022

Unfortunately, this scenario is all too common for project managers. . Project cost estimation can be challenging, especially when the project is complicated and has many moving parts. Let’s first clarify what we mean by a ‘project cost estimate’. What is a project cost estimate? Here’s a five-step process to follow: .

Estimate 52

Estimate Project Cost Web Development Software Review 52

ProjectManager.com

MARCH 2, 2020

Project managers are well aware of this and spend much of their time planning in order to avoid negative risk and its potential impact. There are many tools that can mitigate risk in a project, but it also takes skill in something called project controls. Cost estimates. Risk management. Methodology.

Controlling 413

Controlling Underperforming Technical Team Estimate Risk Management 413

Rebel’s Guide to PM

JULY 20, 2023

In this article we’ll look at the types of artifacts in project management, typical documents for each type. In project management, artifacts relate to documents, templates, outputs or a specific deliverable. For example: a project management artifact is the project closure document. What is an artifact?

Logistics 258

Logistics Artificial Inteligence PMI Performance Measurement 258

ProjectManager.com

MAY 30, 2023

If you’re a general contractor working in construction project management, you’ll need to know about general conditions. We’ll go further, explaining how to estimate general condition costs and how general conditions compare to construction specifications and general requirements.

Construction 260

Construction Infrastructure Estimate Defining 260

Teamweek

JULY 29, 2022

“ I’ve done this a million times–let’s skip estimating just this once.”. You rush through the beginning estimates only to miss deadlines, blow budgets, and draw raised eyebrows from clients. In this guide we’ll cover: What are project estimation techniques? What are project estimation techniques? Cost estimations.

Estimate 52

Estimate Software Review Risk Management Budget 52

LiquidPlanner

MAY 3, 2023

Both project (PM) and portfolio management (PPM) are core processes for driving growth in many businesses – large and small. So what exactly is PM and PPM, and what are the key differences between the two processes? Project management is everything that happens on the deck.

Underperforming Technical Team 165

Underperforming Technical Team Risk Management Budget Estimate 165

ProjectManager.com

SEPTEMBER 16, 2020

A project budget contains the financial details of your project, including the estimates of all the money you need to layout to lead a successful project, from resources to materials. That process isn’t free. That means your estimates have to be accurate, or as much so as you can make them. Company insurance.

Budget 414

Budget Estimate Risk Management Monitoring 414

Rebel’s Guide to PM

APRIL 1, 2019

This article reviews and explains the 10 project management Knowledge Areas from the PMBOK® Guide – Sixth Edition. Basically, each Knowledge Area (which you might see abbreviated to KA) is a category of concepts and processes with a common goal. So how many knowledge areas are there in project management?

PMI 384

PMI Risk Management Risk Estimate 384

ProjectManager.com

APRIL 29, 2022

Project managers know the importance of having project documentation. Creating and managing project documentation throughout the project life cycle is critical for project success, but where to start? The term project documentation refers to the project management documents that are created throughout the project life cycle.

Project Life Cycle 363

Project Life Cycle Software Review Infrastructure Risk Management 363

ProProfs Project Management

MARCH 18, 2020

Project Management is the art of coordinating resources and directing working groups to execute components of work so that each group delivers components that can be tied together into a wholesome deliverable (contracted scope of work) within schedule and budget. — Project Management Institute. The processes in this phase are: .

Process 99

Process Project Life Cycle Development Team Review Risk Management 99

ProjectManager.com

NOVEMBER 22, 2022

An event budget is the estimated costs associated with putting on an event. Prices for things change and there’s an inherent risk in putting together an event that can impact your budget. Creating and managing a budget is one of the most important parts of delivering a successful event. Estimate Fixed & Variable Costs.

Budget 332

Budget Transportation Estimate Risk Management 332