Remove Executing Remove Finance Remove Process Remove Project Cost
article thumbnail

The Construction Resource Management Process Explained

ProjectManager.com

There are many different types of construction resources beyond labor and we’ll define them as well as the process for construction resource management. Construction resource management is the process of planning and managing resources on a construction site. What Is Construction Resource Management? The following is a list of them.

article thumbnail

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. It’s more than just keeping up with costs. But what exactly is financial project management? Learn more What Are Project Financials?

Finance 330
Insiders

Sign Up for our Newsletter

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

article thumbnail

Capital Budgeting: Definitions, Steps & Techniques

ProjectManager.com

In finance, capital is money that a company has, such as earnings or credit, which it can spend or invest on assets. Then we can go through the capital budgeting techniques and the steps to a capital budgeting process. Then we can go through the capital budgeting techniques and the steps to a capital budgeting process.

Budget 341
article thumbnail

Schedule of Values in Construction (Example & Template Included)

ProjectManager.com

The schedule of values (SOV) is a construction document that’s part of the payment process when working on a project. It helps with project management by listing the project’s scope and the costs associated with those task needed to deliver the project successfully. What Is a Schedule of Values?

article thumbnail

What Is a Cost Breakdown Structure (CBS) In Project Management?

ProjectManager.com

Manufacturing a product or constructing a building is a complicated process, which in turn makes determining the price for that product equally difficult to discern. There are many factors that must be considered, and project managers use a cost breakdown structure to help them determine the cost of that product.

article thumbnail

7 Budget Templates for Business & Project Budgeting

ProjectManager.com

The project budget is developed during the planning phase of a project. It’s a document that captures the total costs required to complete a project over a specified timeframe. The more accurate your forecast for project costs, the more likely you’ll be able to deliver a successful project and make a profit.

Budget 346
article thumbnail

Exploring the differences: Projects vs operations examples

Rebel’s Guide to PM

Projects vs operations The short answer to the question: “What’s the difference between projects and operations?” Projects change the business. Ops managers want (and seek) stability so they can manage process performance. The status quo is good but project managers keep changing things! More on that later.

Retail 407