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. Project Cost Management.

Beginner’s Guide to Project Management Process

iZenBridge

For Beginners, it is important to understand essential elements of Project Management. One has to understand associated attributes like team leadership aspect, Team formation with primary emphasis on the competencies and skills required for a successful project. What is a Project?

How to Keep Your Projects Financially Fit

Project Risk Coach

Keep Your Projects Financially Fit. How do projects fall below budget?” Let’s look for ways to monitor and control our cost more intentionally. 4 Ways to Control Cost and Keep Your Projects Financially Fit. Make Your Cost Visible.

2017 259

Process Optimization in Project Management (3): Lean Project Management

Inloox

In the last blog post on process optimization in project management we introduced you to the 5-S framework, which is also very popular in Lean Management. Therefore, we will now deepen the topic Lean Project Management. Working Efficiently with Lean Project Management Getting project costs under control and optimizing communication with the customer: this is where Lean Project Management comes in. Reduce overall costs.

Lean 100

PMBOK® Guide Sixth Edition Knowledge Areas And Process Group

iZenBridge

Are you confused with new terms like Knowledge Areas, Process Groups, and a Process? In this article I am answering: What are the processes? What are the Process Groups for? What are the Project Management Knowledge Areas as per PMBOK® Guide Sixth Edition ?

PMP interview Questions

iZenBridge

What is a baseline, how is it use while creating project management plan? What is a project charter? Is project manager involved in the creation of a project charter? What is a project, how is it different from a program, and a portfolio? How many knowledge Areas are there in Project Management. Do you use all in your projects? What are project management methodologies? Which one did you used in your projects? Project Manager Skills.

2019 40

Efficient project governance should not be an oxymoron!

Kiron Bondale

is controlled by the people who run it “ This is certainly an appropriate meaning of the phrase when applied to corporate governance, but is not the most empowering vision for how projects need to be governed. Tagged: governance , project decision making , Project performance.

Two Parallel Processes of Project Success - Both Value and Delivery are Needed

Herding Cats

Software development is a Value Creaton activity, but Value cannot be determined unless we know the cost to produce that value and when that value will be available for use by those who of paid for that Value. What will it cost to get the value?

An Introduction to Vendor Management

ProjectManager.com

Most projects dip into outside resources to achieve their objectives. The practice of vendor management enlists vendors—or businesses and individuals who provide essential goods and services—to help execute their project. Remember, vendors are but one arm of your project.

2018 336

Project Planning for Beginners

ProjectManager.com

Project planning is one of the foundational pillars that supports the practice of project management. In Review – Project Planning for Beginners. Project planning is very important in any project, Jennifer said. Project Planning Basics. What is the process?

10 Project Constraints That Endanger Your Project’s Success

ProjectManager.com

One of the biggest challenges of every project manager is project constraints. They limit a project, and they can quickly endanger your project’s success. Classic Project Management Constraints. Cost: How much money is available to achieve this outcome?

2018 394

5 Notorious Failed Projects & What We Can Learn from Them

ProjectManager.com

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. Project managers can learn as much, if not more, from failed projects as they can from successful ones.

2018 411

Have You Left Anything Out of Your Project Plan?

Project Risk Coach

The Project Plan Checklist Have you left anything out of your project plan? Check out this project plan checklist to help you identify the baselines and plans that will be most helpful to each of your projects. I like to keep my project plans as simple as possible.

2016 287

Easy Projects Named Leader in G2 Spring 2019 Project Management Software Report

EasyProjects

Toronto,ON (April 1st, 2019) — Easy Projects, an enterprise work and project management software platform is featured on G2’s Spring 2019 Grid Report as best in class Project Management Software. About Easy Projects. Easy Projects. Easy Projects News

2019 74

Who Approves Your Project Change Requests?

Project Risk Coach

Some organizations lack clarity about who approves the project change requests. On one project, the sponsor tells the project manager to make the decisions. On other projects, the sponsor makes the decisions. So, who should approve project change requests?

2016 301

How to Keep Your Projects On-Time and On-Budget

Arras People

Deltek is the latest member of the Arras People Software Directory , in this article they give a brief overview of how projects can be controlled and how software can help with this. But what are the right project controls and is there a single method to the implementation madness?

Budget 313

How to Actually Develop a Project Management Plan

Project Risk Coach

If this is true, why is it that some project managers put so little time in developing a project management plan? One of the reasons is that project managers may not know what to include. Every project is different. Project Baselines.

Artificial Intelligence In Project Management: Pros & Cons

ProProfs Project Management

When we talk specifically about IT project management, app development companies or DevOps teams are responsible for managing various software development projects. In this article, we specifically talk about the impact of AI in project management and its various pros and cons.

2019 78

Can Persuasive Sales Representative Become the Future Leads in Project Management

Taskque

Sales professionals and project managers are professionally worlds apart. However, who could’ve thought that people in sales have the potential to actually turn into a really successful project manager? Carmichael Jordan, Project Manager. Project Management

2018 206

The core components of IT Portfolio Management

Keyedin

IT portfolio management emphasises a strategic focus on goals such as revenue growth, cost reduction, regulatory mandate and business continuity rather than just typical operational objectives such as project cost, timescales and deliverables.

2019 78

10 Low-cost Project Management Tools you Can’t Afford Not to Use

Teamweek

The right project management tools can help managers become more organized while also reducing the costs involved with carrying out the project. Online tools can help make project cost management more affordable than it has ever been before. Zoho Projects.

2018 52

What did the Project Managers ever do for us?

The Lazy Project Manager

I sometimes hear of project management and project managers being challenged in much the same way … ‘what has project management done for us (the organisation)?’ One is to consider what would business life be like without project management in place.

2015 278

The core components of IT Portfolio Management

Keyedin

IT portfolio management emphasises a strategic focus on goals such as revenue growth, cost reduction, regulatory mandate and business continuity rather than just typical operational objectives such as project cost, timescales and deliverables. With IT portfolio management , project planning is viewed as a fundamentally top-down initiative and external stakeholders are required to take part in the decision making process.

2019 60

Crisis Management: How to Lead During a Crisis

ProjectManager.com

Sometimes leading a team, project or organization goes well. Jennifer noted that whether you’re leading a team , project or organization, things are either going well or poorly. That took the team member away from the project to deal with a family emergency.

2019 210

Benchmarking in Project Management (1): In Search of Best Practice

Inloox

Our latest blog series will cover the topic of benchmarking in project management. Definition of benchmarking Benchmarking is used to assess your own organization’s processes and performance compared to your company’s competitors or compared to the best companies in your industry. The main objective of internal benchmarking is to improve the success rate of projects within the organization by comparing previous projects with each other. Project schedule performance.

2017 100

Cost and Value Management for Software Development

Herding Cats

we focus on Value and don't need to worry about Cost. Here are the moving parts of any project that intends to make money from the cost invested to produce a product or service. Software Project Cost Estimation . Overlooking key project risks.

100+ Project Management Statistics & Facts To Remember in 2019

ProProfs Project Management

Project management is an essential part of every organization. Whether you are overseeing a team or leading major projects and their execution process, it is essential to keep everything in line to ensure project success. Reasons for Project Failure” Statistics.

2019 71

Maintain a Healthy Project Portfolio with Metrics and Reviews

Arras People

In an increasingly competitive business environment, more organizations are turning to project portfolio management (PPM) to meet strategic goals and objectives. Project Portfolio Management and Business Strategy. There is a circular link between strategy and project portfolios.

2017 195

Maintain a Healthy Project Portfolio with Metrics and Reviews

Arras People

In an increasingly competitive business environment, more organizations are turning to project portfolio management (PPM) to meet strategic goals and objectives. Project Portfolio Management and Business Strategy. There is a circular link between strategy and project portfolios.

2017 195

15 Great Ways Project Management Can Help Your Growing Business

Keyedin

Learn how improved visibility and control over your projects and resources can help improve business efficiency and effectiveness. If your business delivers products or services, as your business grows your will certainly need some way of managing projects. Many SME’s are simply scared of the term “Project Management” or end up implementing a host of non-connected, counter-productive tools.

2019 86

Everything You Need to Know About the PMP Certification

Brad Egeland

An exception to that rule would be Project Management Institute’s (PMI) Project Management Professional (PMP) Certification. certified project managers can earn $112,000 per year. There are more than 750,000 certified project managers around the globe.

How to achieve Greater Client Satisfaction and Profitability through Improved Project Management

Keyedin

In a recent webinar on better business performance for professional services we explored how efficient project management doesn’t have to involve major new technology investment. The important thing to bear in mind is how cost-effective this can be. Driving project performance.

2019 78

7 Key Factors Driving Successful Project Management in Professional Service Delivery

Keyedin

Efficient service delivery is based on getting the project management engine as finely tuned as possible so that it runs smoothly. This is what we are referring to as the seven key drivers of successful project management. Assuring Project Profitability.

2019 78

Project Manager Roles and Responsibilities: What does a PM Really Do?

Project Bliss

The job title of “project manager” is pretty common these days. But project manager roles and responsibilities can be pretty vague if you’re not already familiar with them. When I took my first job as a project manager, my mother asked what I do.

2017 237

How to achieve Greater Client Satisfaction and Profitability through Improved Project Management

Keyedin

In our recent webinar Better Business performance for Professional Services – How to Increase profitability and Client Satisfaction through efficient project management , we explored how efficient project management doesn’t have to involve major new technology investment.

2019 78

7 Key Factors Driving Successful Project Management in Professional Service Delivery

Keyedin

Efficient service delivery is based on getting the project management engine as finely tuned as possible so that it runs smoothly. This is what we are referring to as the seven key drivers of successful project management. Assuring Project Profitability.

2019 78

What is the Difference Between Agile vs Waterfall?

TrustRadius Project Management

Before undertaking any development project, the most important decision to make is how to approach the project as a team. Although technically considered software development, “waterfall” and “agile” are often applied in project management. .

2019 84

Mindmapping with InLoox: 7 Mind Maps for Project Management

Inloox

This flexibility and freedom supports particularly creative processes and thus creates real added value in various project phases. Top 7 Mind Maps for Project Management Mind maps can be used in almost every phase of project management. We have collected seven use cases that may inspire you for your next project: 1. Visualize Statement of Work & Develop Scope Statement At the beginning of a new project, mindmapping is of course a great way to collect ideas.

2019 109

15 Great Ways Project Management Can Help Your Growing Business

Keyedin

Learn how improved visibility and control over your projects and resources can help improve business efficiency and effectiveness. If your business delivers products or services, as your business grows your will certainly need some way of managing projects. Many SME’s are simply scared of the term “Project Management” or end up implementing a host of non-connected, counter-productive tools.

2019 60

How to Create a Project Assumptions List: Examples and Template Included

Project Bliss

Though it’s often true, that saying doesn’t apply to your project. When you plan your project, you’re operating on a set of assumptions. But maybe the idea of dealing with assumptions in project management is a bit confusing. What are Project Assumptions?

2018 189