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

ProjectManager.com

Manufacturing a product or constructing a building is a complicated process, which in turn makes determining the price for that product equally difficult to discern. There are many factors that must be considered, and project managers use a cost breakdown structure to help them determine the cost of that product.

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Organizational Process Assets: Definitions, Examples & Templates

ProjectManager.com

There are many things that are needed when managing a project. These organizational process assets are critical to a project’s success and its operations. An organizational process asset is a tangible resource that’s used to guide the management of an organization’s projects and operations.

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What Is Resource Leveling in Project Management?

Teamweek

Knowing how to monitor and manage project resources can make or break that project. One common technique that helps project managers handle resources efficiently is resource leveling. Project teams use resource leveling to adjust project timelines, address resource constraints, and avoid overloading.

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To-Complete Performance Index (TCPI) Explained

Wrike

Running successful projects requires calculated planning and monitoring. Project management tools like the To-Complete Performance Index (TCPI) help project managers achieve this with as little risk as possible. TCPI forecasts a project’s possible outcome and alignment with the budget.

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Resource Forecasting Guide for Project Managers

Rebel’s Guide to PM

Managing resources in professional services firms is crucial for maintaining sustainability and achieving anticipated employee performance goals. But unfortunately, many resource managers have to rely on approximation and guesswork because they don’t have the right tools and techniques. Let us begin with the basics.

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How to Hire an Accountant for Your Business

Teamweek

A good accountant monitors cash flow, ensures tax compliance, prevents fraud, and offers invaluable strategic advice. Higher-level accountants audit financial systems, managing tax compliance and minimizing fraud risks. Don’t think you need a certified public accountant for your business? Hmm, maybe.

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Creating a Project Budget in 7 Steps

Teamweek

Looking to create a project budget but have no idea where to begin? Cost estimation isn’t simple — but creating a project budget that works for you and your client is practically an art form. It drives your decisions, influences your clients’ opinions, and is at the back of your mind almost every turn.

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