Remove Governance Remove Presentation Remove Process Remove Project Cost
article thumbnail

Organizational Process Assets: Definitions, Examples & Templates

ProjectManager.com

Some of these are called organizational process assets. These organizational process assets are critical to a project’s success and its operations. To make sure you understand what organizational process assets are, first, we’ll define the terms and explain their importance. What Is an Organizational Process Asset?

Process 367
article thumbnail

Project Cost Management – The Essential Things to Know and Do

Online PM Courses

Project Cost Management often puts people off. But there’s little your project sponsor, your client, or their Finance Director care about more than your budget and how closely you can stick to it. Project cost over-runs are common. The governance considerations for project cost management.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Cost Management Basics

ProjectManager.com

Cost management is the process by which one plans and manages the budget of a business or project. In the case of a project, it helps the project manager estimate what the project will cost and set in place controls by which they can reduce the chance of the project going over budget.

article thumbnail

Cost Estimation for Projects: How to Estimate Accurately

ProjectManager.com

Projects bring risks, and risks bring unexpected costs. Cost estimation is the process that takes those factors into account, and calculates a budget that meets the financial commitment necessary for a successful project. An Overview of Cost Estimation. Excluded costs. Recognition of inflation.

Estimate 315
article thumbnail

General Conditions in Construction: Definitions & Best Practices

ProjectManager.com

You’ll find general conditions in the project contract, the specifications and the project costs. To understand general conditions in construction, we need to define them as it applies to each place in the construction project. The general conditions in this place are specific to the project.

article thumbnail

Understanding the 8 Functions Associated with Project Management

Project Pulse Journal

Here are the 8 Functions Associated with Projects and related contexts: Provide Oversight and Coordination Ensure seamless coordination between departments to optimize project planning, processes, and resource allocation. Communicate project objectives to stakeholders and the project team to foster alignment of strategies.

article thumbnail

Hard Costs vs Soft Costs in Construction: Definitions & Examples

ProjectManager.com

Land, Permits, Survey Fees: This includes land and real estate development costs associated with the legal process. This also includes appraisal fees, land acquisition, assessments, land survey fees and the costs of inspections and permit fees paid to local governments. Track Costs and Time on Timesheets.