Epicflow Blog

JULY 5, 2022

Estimation of project cost is one of the core practices of the project initiation stage, which becomes the basis for the approved project budget. At the same time, the forecasted cost should not be too overestimated or underestimated. What helps make cost estimation simple and efficient?

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ProjectManager.com

JUNE 28, 2023

Projects are divided into phases to make them more manageable. All are important, especially project monitoring. Project monitoring and control is how a project manager ensures the plan they’re implementing with the project team goes off without a hitch. What Is Project Monitoring and Control?

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ProjectManager.com

NOVEMBER 21, 2023

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. There’s a lot of planning, managing and tracking involved. What Is Project Financial Management?

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ProjectManager.com

AUGUST 22, 2023

What qualifications do you need to land a project management job? What Are Project Management Qualifications? Being qualified for a position as a project manager means you have the skills, experience and temperament for the job. Qualified project managers need the right tools for the job.

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nTask

MARCH 30, 2022

According to a report generated by PMI , 14% of the IT projects surveyed and started by companies in the organizational paradigm are deemed failures. Today, we will discuss project cost management, the benefits associated with it, and the steps involved in the overall cost management process.

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Project Pulse Journal

NOVEMBER 24, 2023

By: Dr. Michael Shick, MSPM, PMP, CSM Are you a project manager struggling to predict the risks in your projects accurately during planning? Do you find yourself overcome by the inherent uncertainty of project variables like cost or schedule and worried about how they might impact your project's success?

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ProjectManager.com

OCTOBER 19, 2022

No one needs to tell you that projects cost money. But how much they’ll cost is an open question. The closer you can come to an accurate forecast of project costs, the more likely you’ll deliver a successful project. Rough order of magnitude (ROM) can help you better estimate project costs.

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Estimate Software Review Budget Project Cost 362

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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Rebel’s Guide to PM

NOVEMBER 2, 2023

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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ProjectManager.com

MARCH 31, 2023

Welcome to project management 101. Project management can seem like a daunting discipline, but once you get a grasp of the fundamentals and combine that with some intuition, you’ll be on your way to leading successful projects, no matter your situation. What Is a Project? What Is Project Management?

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ProjectManager.com

APRIL 29, 2022

Project managers know the importance of having project documentation. Project documents must be accurate and constantly updated to keep current with the project. Creating and managing project documentation throughout the project life cycle is critical for project success, but where to start?

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ProjectManager.com

MARCH 21, 2022

Whether you’re a numbers person or not, as a project manager, ownership of a budget is usually a key part of your job responsibilities. Creating and managing a project budget can be a daunting task, but it can be easy if you use the right project budgeting software. What Is a Project Budget? Learn More!

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ProjectManager.com

JUNE 22, 2022

Project accounting, as with general accounting, is a method by which project managers can manage project finances. Project accounting is not the same as balancing your checkbook or even seeking the service of a certified public accountant as it’s unique to project management. Learn more.

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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. Whatever capital budgeting decisions one makes, project management software can help track those costs.

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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.

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ProjectManager.com

NOVEMBER 27, 2019

What do you need to know to succeed at project management? While there’s some truth to that joke, it’s not helpful to the student or the experienced professional who is looking for a way to understand the myriad responsibilities of being a project manager. What is PMBOK in Project Management? Everything!

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Monitoring Risk Management Controlling Technical Review 505

ProjectManager.com

DECEMBER 9, 2021

An alternative analysis is how project managers choose how they’re going to approach a project. There are always options, and knowing which is the best one for your project takes time, research and an understanding of possible scenarios. Using AOA will help reduce the risk of project failure.

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ProjectManager.com

SEPTEMBER 2, 2021

It’s with this cost baseline that you can make cost estimates for each task of your project and see if you’re on target or overspending. Let’s take a moment to fully understand this cost management basic concept and how you can use it to keep your project on track. How to Create a Cost Baseline.

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Rebel’s Guide to PM

APRIL 24, 2023

Projects and operations are both necessary for businesses to succeed, but they require different approaches. When it comes to managing them effectively, understanding the differences between projects and operations is key. Projects change the business. The status quo is good but project managers keep changing things!

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ProjectManager.com

MARCH 12, 2024

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. What Are Resource Requirements in Project Management?

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Software Review Estimate Defining Budget 347

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.

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Inloox

APRIL 16, 2024

SWOT analysis in the project management context Why should I conduct a SWOT analysis? How to perform a SWOT analysis Once the SWOT analysis is completed: 5 key approaches for strategy development Concrete example: SWOT analysis in a software development project Conclusion 1. Content What is a SWOT analysis?

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ProjectManager.com

SEPTEMBER 28, 2023

Then we’ll explain what a project metrics dashboard is and why it’s one of the essential project management software features. What Are Project Metrics? Project metrics are data pulled from the performance of the project. Project management software makes gathering and calculating project metrics easier.

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ProjectManager.com

FEBRUARY 21, 2023

A PMO, or project management office, can be an internal department or an external group or agency that defines and maintains the standards for a company’s project management. However, all three can use PMO templates to support project programs and portfolios. All will have their specific expectations.

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ProjectManager.com

AUGUST 4, 2022

They are the means by which a construction project gets from idea to completion. That’s a long and complicated journey in construction project management, which is why knowing the best construction delivery method is so important. ProjectManager’s Gantt charts help you manage all construction delivery methods. Learn more.

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ProjectManager.com

SEPTEMBER 16, 2020

Download The Free Project Budgeting Template: Why You Need a Project Budget Template. A project is made up of tasks that lead to the completion of a project or service. That process isn’t free. ProjectManager.com’s Project Budget Template. When To Use a Project Budget Template.

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ProjectManager.com

APRIL 19, 2023

There’s more than one way to manage a construction project. Along the way, we’ll explain why lean construction can benefit your project and how the right project management software can help you take advantage of lean construction. ProjectManager has Gantt charts to manage your lean construction.

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ProjectManager.com

APRIL 13, 2022

Projects need management. Much of the focus of project management is obviously on methodologies that keep your project on time and within budget. But you don’t want to initiate a loss leader. That’s where project selection comes in. What is Project Selection? The Project Selection Process.

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Software Review Project Life Cycle Manufacturing Executing 310

ProjectManager.com

SEPTEMBER 2, 2022

Then there are your stakeholders whose expectations must be managed. Project reports are tools that project managers use to extract valuable project data. Using Excel Report Templates for Project Management. Excel Report Templates for Project Management. Project Dashboard Template.

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Risk Management Risk Software Budget 293

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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ProjectManager.com

MAY 30, 2023

If you’re a general contractor working in construction project management, you’ll need to know about general conditions. You’ll find general conditions in the project contract, the specifications and the project costs. The general conditions in this place are specific to the project. We’ll get to that later.

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ProjectManager.com

JANUARY 8, 2021

It’s how you build a budget by figuring out as best as possible what your project costs will be, including resources and how long you’ll need them for. Managing a project means estimating time and costs, but it also involves bringing vendors and contractors into the mix. When to Use an Estimate Template.

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ProjectManager.com

NOVEMBER 15, 2022

Similar to a journey, projects have a beginning and an end. Just like a trip, most projects wouldn’t set off without first having an itinerary. In project management, the equivalent of an itinerary is a creative brief. But not all projects use a creative brief; they’re found only in specific disciplines.

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Planio

MARCH 11, 2024

Project management is a risky business. Whether you’re launching a new product, migrating an IT server, or remodeling an operational process, project uncertainty contributes to 66% of projects failing (or partially failing) every year. Knowing what risks you could face is a project management superpower.

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The Strategic Project Manager

FEBRUARY 21, 2024

Finally, it looks at the impact and application of the Buyer Value Equation framework for developing strategy and managing projects. 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.

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Velociteach

APRIL 11, 2023

The project charter is a foundational deliverable created during the project’s initiation phase. The charter documents the project’s purpose, planned direction, and what is initially known. Regardless of the format, articulating the project’s intent is invaluable and harder than expected. define “success.”

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Henny Portman

DECEMBER 7, 2021

Project Management Maturity Model Fourth Edition, written by J. E.g., resource management is broken down into the key components resource management planning, resource estimation, resource acquisition, team development and team management. Each knowledge area is broken down the into specific key components.

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