Remove Executing Remove Monitoring Remove Project Cost Remove Project Life Cycle
article thumbnail

Project Management Basics: Definitions, Methods and Tools

ProjectManager.com

Project management is a discipline that consists in using project management methodologies, tools and techniques to manage the project life cycle, which is a set of stages that are common to every project. Project Life Cycle The project life cycle describes the five phases all projects go through.

article thumbnail

Project Documentation: 10 Essential Project Documents

ProjectManager.com

Creating and managing project documentation throughout the project life cycle is critical for project success, but where to start? This guide will define what project documentation is, why it is important and what are the top 10 project documents that you should always create to plan and execute your projects.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Construction Cost Management: Managing Construction Costs

ProjectManager.com

For general contractors, this keeps projects from overspending and chewing away at their bottom line. Effective construction cost management ensures that the spending throughout the project life cycle is on track. Every project phase is impacted by construction cost management.

article thumbnail

12 Free Project Planning Templates for Excel and Word

ProjectManager.com

Project planning templates help reduce work as they’re preformatted so you don’t have to always start from scratch. But using project planning templates is, at best, only a starting point. To ensure your plans are well-managed during the execution of your project you’ll want to upgrade to project management software.

Planning 363
article thumbnail

Hard Costs vs Soft Costs in Construction: Definitions & Examples

ProjectManager.com

Being able to track your resources is how you keep to your budget, and project management software helps monitor costs. ProjectManager is project and work management software that delivers real-time data on your construction project. Create Interactive Project Plans. Learn More! Track KPIs in Real-Time.

article thumbnail

125 Project Management Buzzwords

The IIL Blog

Continuous Improvement The ongoing effort to improve a project process, product, or service to achieve better results. Cost Estimation The process of estimating project costs is done by leveraging historical data, expert judgment, or quantitative models. of a project. May also be called a project management plan.

article thumbnail

Project Selection: Use These 8 Selection Methods for Better Strategic Results

ProjectManager.com

The project selection process will help you run a more efficient project. By doing the due diligence beforehand you can avoid a lot of the inefficiencies that might slow down a project or worse during execution. Cost-benefit analysis is used to estimate the costs and benefits associated with a particular project.