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
article thumbnail

4 Tips to Keep Your Project Costs in Check

LiquidPlanner

Which project costs did you miss? It’s been a while since you’ve gotten a progress report from the team – are there any unexpected costs that are going to sneak up on you? . Map Costs to your Work Breakdown Structure . Once your project is underway, you’ll want to establish a rhythm for monitoring project costs.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Kanban vs. Scrum: What’s the Difference?

ProjectManager.com

The scrum master is the team expert on the process, and they are instrumental in guiding the team to optimize the use of scrum in the project. This can be through scrum meetings, which are held daily in scrum, but they act almost as a teacher throughout the project to support the team and give them direction.

SCRUM 411
article thumbnail

How to create a project budget

Rebel’s Guide to PM

If you are planning a budget for a project proposal i.e. pitching to someone else for them to secure your services to deliver a piece of work, then read this article about preparing a budget for a proposal. What is included in a project budget? I find this helps me establish what’s in the project budget and what isn’t.

Budget 307
article thumbnail

The Construction Resource Management Process Explained

ProjectManager.com

The goal of construction resource management is to deliver successful projects as planned, but it does this by maximizing the utilization of resources and reducing waste. It works towards meeting the project’s objectives as efficiently and cost-effectively as possible.

article thumbnail

Exploring the differences: Projects vs operations examples

Rebel’s Guide to PM

Projects usually require project management practices to help them get delivered. Even if you aren’t using a formal lifecycle or specific methodology, you’ll still be planning, executing, controlling, and monitoring tasks in order to meet objectives – that’s project management.

Retail 407
article thumbnail

Most Common Project Management Roadblocks to Avoid for Better Outcomes

Project Bliss

Here are six of the most common project management challenges and what to do in order to achieve better outcomes for your team and your projects. Project Bidding Issues. Accurately estimating project costs for bidding is important for landing the project and making it profitable.