Remove Finance Remove Monitoring Remove Project Cost Remove Risk
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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 334
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14 Common Project Risks (+ more)

Rebel’s Guide to PM

Risks matter. Stuff happens on projects, and if the worst happens, it’s better to know about it in advance. That’s the point of risk management: thinking about what might go wrong before it does, so you can put a plan together to deal with it if it does. What’s a risk again? It helps to think of risks in categories.

Risk 320
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Schedule of Values in Construction (Example & Template Included)

ProjectManager.com

We’ll get into the benefits of a schedule of values in a moment, but the use of this project document helps with financial control, payment management, project monitoring and documentation throughout the project. Here, the schedule of values helps both project owners and contractors.

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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. Project management software will help to plan, manage and track that project to ensure that it is delivered on time and within the budget. Capital is money.

Budget 345
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What Is a Capital Improvement Plan & How to Create One

ProjectManager.com

It can be used for related planning, engineering, design, appraisal or feasibility study costs. The capital improvement plan is used to coordinate between community planning and fiscal management to determine the location, timing and financing of the capital improvement. This is usually a multi-year project, often four to six years.

Planning 327
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What Is a Cost Breakdown Structure (CBS) In Project Management?

ProjectManager.com

The work breakdown structure is done by the project team, but the cost breakdown structure is within the purview of the finance or commercial department of an organization. You need to build in a cushion if your estimates are off and factor in changes that could impact the project costs.

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Construction Delivery Methods: A Quick Guide for Projects

ProjectManager.com

A construction delivery method is a procedure by which a construction project goes from initiation to close. It’s a system for organizing and financing the design, construction, operations and maintenance services for the build on which you’re working, be it in a structure or facility. Another consideration is construction risk.