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IT Financial Management (ITFM) Best Practices

ProjectManager.com

IT financial management (ITFM) covers the costs of keeping our network, servers and devices running. IT financial management is a bit more complicated than that and we’ll explain by more thoroughly defining the term. Then we’ll list the professionals who are tasked with IT financial management and their key objectives.

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Kanban vs. Scrum: What’s the Difference?

ProjectManager.com

Kanban and scrum are agile project management methodologies that can be used for similar purposes, but each has its unique pros and cons. As a project manager, it’s important to understand the difference between kanban and scrum so you can determine the best approach for your team. What Is Kanban?

SCRUM 412
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What Is a Project Director? Role, Responsibilities and Salary

ProjectManager.com

The project manager is on the ground, running the team and keeping the daily operations of a project running smoothly. But who looks after the project manager? In project management, that position is called a project director. Project management tends to be a hierarchical methodology that has numerous tiers of command.

Finance 284
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Cost and Value Management for Software Development

Herding Cats

This, of course, is a violation of the principles of Managerial Finance and Microeconomics of software development in the presence of uncertainty and scarce resources. Software Project Cost Estimation . There are numerous horror stories about software development cost and schedule overruns.

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Change Control Board: Roles, Responsibilities & Processes

ProjectManager.com

Project management is methodical, but change is not. If changes are requested, the change control board shows how those changes are managed with the least amount of disruption to the project’s plan. A change control board includes representatives of the relevant functional areas of the project in addition to the project manager.

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The Functions of a Project Management Office

Project Pulse Journal

A Project Management Office (PMO) isn't just about oversight; it's about empowering your projects to deliver real value. With the PMO structure, you can achieve higher success rates, better resource management, and improved stakeholder satisfaction. What is a Project Management Office?

PMO 52
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How to write an executive summary stakeholders will love

Planio

Project managers are born communicators. Why is it so important in project management? Why is it so important in project management? In project management specifically, executive summaries are most commonly used in business cases, project status reports , project plans, and project closure documents.