The IIL Blog

SEPTEMBER 13, 2023

By Alan Zucker We make hundreds of assumptions and take small risks daily. Recovering from these risks may be inconvenient but not horribly impactful. Project assumptions and risks are not as casual. Project assumptions and risks are not as casual. Until we validate them, they are risks.

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Risk Management Risk Cadence 2016 88

ProjectManager.com

AUGUST 22, 2023

Having three years of experience as a project manager, or thereabouts, shows you have relevant experience. Having PMP certification is an industry standard to show that you’ve learned the basics and know the various project management methodologies. Stakeholders are those people who have a vested interest in the project.

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Certification Leadership Risk Management Budget 357

ProjectManager.com

AUGUST 15, 2023

Job costing is a type of accounting method that helps identify project costs and track them to keep to your budget. It tracks all costs and revenue associated with a particular project and is commonly used in construction projects, but it can also be found in manufacturing, engineering, retail, logistics, healthcare and more.

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Manufacturing Construction Estimate Project Cost 287

ProjectManager.com

APRIL 19, 2024

The name kanban means billboard in Japanese, and you can see why, as the process involves placing tasks represented by cards on physical or digital kanban boards. 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.

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SCRUM Manufacturing 2001 Agile 412

EasyProjects

OCTOBER 19, 2020

Whether it’s designing a new product or improving upon an existing work process, nothing matters more than how much it will cost the company in the end. This is where project cost management comes into play. For this reason, a budget must be determined to ensure that the allocated project costs stay in line.

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Project Cost Estimate Budget Consulting 98

ProjectManager.com

OCTOBER 21, 2022

In project management, a program is a set of related projects that are executed simultaneously by organizations to make the most out of their resources and maximize their return on investment (ROI). A program manager oversees this process. They define the program controls, or the processes, procedures, reporting, etc.,

Certification 389

Certification Risk Management PMI Leadership 389

ProjectManager.com

MARCH 28, 2024

Notion is work management software that helps teams from across industries such as product development, engineering or marketing to facilitate team communication, manage tasks and create simple project timelines. While Notion has project management features, is there a Notion Gantt chart? We’ll get to that in a moment.

Software Review 345

Software Review Estimate Monitoring Project Cost 345

ProjectManager.com

DECEMBER 27, 2023

The schedule of values (SOV) is a construction document that’s part of the payment process when working on a project. It helps with project management by listing the project’s scope and the costs associated with those task needed to deliver the project successfully. What Is a Schedule of Values?

Construction 369

Construction Estimate Budget Monitoring 369

ProjectManager.com

JULY 5, 2023

Knowing exactly what construction cost management means and what a construction cost is can be the difference between project success or failure. We’ll go over those definitions and explain the construction cost management process so you can manage projects better. What Is Construction Cost Management?

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ProjectManager.com

NOVEMBER 23, 2023

Then we can go through the capital budgeting techniques and the steps to a capital budgeting process. Capital budgeting is a process by which investments in large-scale projects are analyzed, evaluated and prioritized. It’s used across industries and in small to large businesses. What Is Capital Budgeting?

Budget 347

Budget Technical Review Software Review Executing 347

Inloox

APRIL 16, 2024

Identifying and seizing these opportunities early on can mean the difference between a good and a great project outcome. Assessment of threats It draws attention to potential external risks and threats that could negatively impact the project. Weaknesses Find out where your project or team needs to improve.

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Artificial Inteligence Underperforming Technical Team Technical Review Development Team Review 100

ProjectManager.com

OCTOBER 18, 2022

Gantt charts have been essential project management tools for over a century. Project managers across all industries have flocked to them to organize tasks and resources. They are best for traditional projects, such as manufacturing, which follow a more waterfall type of methodology. Gantt Chart Template.

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Manufacturing Software Review Risk Management Underperforming Technical Team 327

ProjectManager.com

MARCH 2, 2020

Project managers are well aware of this and spend much of their time planning in order to avoid negative risk and its potential impact. There are many tools that can mitigate risk in a project, but it also takes skill in something called project controls. What Are Project Controls? Cost estimates.

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Controlling Underperforming Technical Team Estimate Risk Management 413

The IIL Blog

OCTOBER 17, 2023

So, picture this: you are transitioning from your current position into a project management career. The industry didn’t matter; it was about translating my work experience into specific project management industry-recognized terms and managing projects. identify items such as benefits and costs).

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Development Team Review Project Life Cycle Underperforming Technical Team Estimate 148

PM Basics

NOVEMBER 2, 2020

In this article, you’ll find the real-life project risk management plan example. It comes from my practical experience working on software development projects. Below the example, you’ll find all the required information and resources to create your Risk Management Plan quickly and for free. Monitoring Risks.

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Risk Management Risk Planning Technical Review 105

Rebel’s Guide to PM

APRIL 24, 2023

Projects vs operations The short answer to the question: “What’s the difference between projects and operations?” Projects change the business. Ops managers want (and seek) stability so they can manage process performance. The status quo is good but project managers keep changing things! More on that later.

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Retail Governance Government Healthcare 407

ProjectManager.com

JUNE 29, 2022

Construction project management covers a massive number of projects and there are all sorts of builds associated with it. Most people think of the housing market when they think of construction, especially single-occupancy homes, but that’s only a small fraction of the industry. The Commercial Construction Management Process.

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Construction Software Review Retail Engineering 242

ProjectManager.com

DECEMBER 12, 2023

All these features help construction project managers track their projects and help them stay on schedule and avoid overspending and cutting into their profits. Add to this, risk management features that help identify, manage and track issues and ProjectManager deserves our top ranking for Procore alternatives.

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2024 Construction Software Review Technical Review 365

Project Bliss

JANUARY 30, 2022

For example, I created processes for security and onboarding new customers, as well as standardizing documentation. I showed him my documents and process flows. I believed the company hired me because they already understood the value that project management provided. Budget and Cost Management . Risk Management .

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Software Review Technical Review Risk Management Budget 296

ProjectManager.com

MARCH 12, 2024

Think of resource requirements as the fuel that drives all project activities. Once one understands what resource requirements are in project management, next there is estimating what those resources will be and managing them. To help with this process, we’ll define resource requirements and link to a free resource plan template.

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Software Review Estimate Defining Budget 338

ProjectManager.com

SEPTEMBER 23, 2020

Projects cost money. Being able to manage and track expenses is what keeps the project within a budget. Stakeholders are not likely to consider the project a success if it costs them too much. Remember the triple constraint: cost, scope and time. You need to know where the costs are going.

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Budget Software Review Controlling 2020 401

Wrike

SEPTEMBER 3, 2023

Meeting deadlines and delivering results quickly are crucial for maintaining client satisfaction and ensuring project success. One area where designers often face challenges is the design approval process. This stage acts as a crucial checkpoint to verify that the design aligns with the project goals and expectations.

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Process Technical Review Software Review Controlling 36

ProjectManager.com

AUGUST 4, 2022

There are many different types, from design-bid-build, design-build and construction manager at risk to integrated project delivery, job order contracting and public-private partnerships. While there are others, we don’t focus on them because they’re more niche or less used in the industry. But that’s only the start.

Construction 304

Construction Risk Management Risk Closing 304

Teamweek

APRIL 19, 2024

Project managers often struggle to calculate project ROI and communicate a project’s financial value to stakeholders as they might not have the right tools or processes to do so. This guide has everything you need to start calculating the ROI of your projects, avoid scope creep, and improve project efficiency.

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Underperforming Technical Team Estimate Risk Management Project Cost 59

ProjectManager.com

APRIL 26, 2023

Construction specifications are the products, materials and work that are defined in a construction contract between a construction owner and the construction manager hired to deliver the project. Cost, quantity and drawn materials aren’t included in the construction specifications but serve as complementary assets.

Construction 286

Construction Software Review Estimate Executing 286

ProjectManager.com

DECEMBER 9, 2019

Workforce management is the process of scheduling your staff in the best possible way to ensure your workforce is functioning at its most productive levels. It’s less of a singular management style and more of a company-wide process or software solution that’s implemented from the top down. What is Workforce Management?

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Retail Software Review Monitoring Healthcare 198

ProjectManager.com

MAY 12, 2021

All tasks in a construction project use some material and take time to execute. When the term is used, it’s to indicate the contractor is billing for the amount of time they take doing the task and whatever materials are used in the process. Therefore, know the risks and consequences involved with contracting with third-party workers.

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Construction Estimate Executing Monitoring 418

ProjectManager.com

OCTOBER 23, 2018

Failure is an unavoidable part of any project process: it’s the degree of failure that makes the difference. But a systemic collapse will derail the whole project. Sometimes a project reaches too far beyond its means and fails, which is unfortunate, but can also serve as a teaching moment. A lot, actually. The Lesson.

Technical Review 334

Technical Review Software Review 2016 Engineering 334

PM That Works

NOVEMBER 12, 2019

During the budgeting process usually the year before an idea for a project is suggested. Then this idea goes through some cycles and an estimated budget gets placed on the project list for the coming year. When the project is kicked off, the budget is set to the estimated budget. This aligns business and the project team.

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Project Cost Budget Estimate Governance 40

Epicflow Blog

OCTOBER 1, 2022

These factors may lead to making unrealistic cost estimates that will inevitably end up as a budget overrun. . Improper risk management. Aerospace and defense projects are exposed to numerous risks – geopolitical and economic tensions, supply chain and talent challenges, competition with the world’s largest companies, etc.

Aerospace 52

Aerospace Underperforming Technical Team Estimate Project Cost 52

Rebel’s Guide to PM

SEPTEMBER 27, 2021

Sample assumptions: Currency conversions rates will stay the same throughout the project Resource costs will stay the same throughout the project There will be no contractual billing rate changes throughout the project Costs for materials will increase at 3% per year. Impact on project planning.

Technical Review 318

Technical Review Software Review Risk Management Risk 318

Binfire

DECEMBER 11, 2023

This is the part where project management principles come into play. Companies can improve results and reduce risks by using project management principles in online assessments. This blog post will discuss how project management principles can improve online assessment results.

Development Team Review 78

Development Team Review Technical Review Software Review Monitoring 78

LiquidPlanner

JANUARY 4, 2023

But the means to incorporate ranged estimation into project schedules without much effort has not, until LiquidPlanner. Schedule development occurs shortly after the project scope is defined and is necessary to develop a project cost estimate or budget. Particularly variability, risk, and uncertainty.

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Estimate Risk Management Software Review Critical Chain 156

ProjectManager.com

JULY 5, 2022

Capital improvement plans can also be used for the acquisition of land for a public purpose, such as a park, landfill or industrial site. It can be used for related planning, engineering, design, appraisal or feasibility study costs. This is why you want to rank the projects by priority. How to Create a Capital Improvement Plan.

Planning 330

Planning Finance Underperforming Technical Team Software Review 330

MPUG

APRIL 2, 2024

The project manager is responsible for coordinating the work of the team, monitoring progress, and making any necessary adjustments to ensure that the project is completed on time and within budget. PM is used in a variety of industries and can be applied to projects of different sizes and complexities.

Certification 52

Certification PMI Logistics Construction 52

The Strategic Project Manager

FEBRUARY 21, 2024

Cost – The monetary price of the product or service plus any other work, associated costs, or inconveniences incurred by the buyer to acquire or use it. These may include time, effort, risk, and opportunity costs. This could include the risk of product malfunction, dissatisfaction, or unexpected costs.

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Underperforming Technical Team Sustainability Risk Management Influencer 105

Project Pulse Journal

MARCH 7, 2024

Project value delivery drives to fulfill its intended purpose and deliver tangible value that is aligned with the business strategy, with support from both stakeholders and business leaders. Organizations can optimize project performance and outcomes by integrating these functions into a cohesive framework.

Governance 52

Governance Government Technical Review Sustainability 52