Expert insights. Personalized for you.
Having the ability to allocate resources more effectively to every project and respond rapidly to changes in workload are key to maximizing employee utilization and increasing your billable hours without increasing headcount. MORE
Project Cost Management can seem both dull and difficult. The post How to Deliver Effective Project Cost Management | Video appeared first on OnlinePMCourses. Project Cost Management Step-by-step Guides video MORE
Creating a project budget involves: being able to identify all the items that are going to cost money building a complete picture of what you need to spend getting approval for that amount. Types of Project Cost. Direct/Indirect Costs. Direct costs. MORE
During my interaction with Project Management Professional (PMP)® Certification aspirants, often I see that they take the Point of Total Assumption as a confusing concept. It refers to the amount above which the seller bears all the losses of an additional cost overrun. Target Cost. MORE
Are you facing pressure to reduce your project budget? The post Pressure to Reduce Your Project Budget | Video appeared first on OnlinePMCourses. Project Budget Management Project Management Tips budget Project Cost Management video MORE
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 holds a project together? MORE
Cost estimation is critical for project managers. But, it’s hard to estimate project costs well & poor estimates cause project budget over-runs. The post How to Estimate Project Costs | Video appeared first on OnlinePMCourses. MORE
What are the pros & cons of a fixed price contract for your project? I answer this from the point of view of a contractor doing projects for their clients. The post A Fixed Price Contract for Your Project: Pros and Cons | Video appeared first on OnlinePMCourses. MORE
Project Management is a structured discipline. The post PM Formulas: Understanding the Math of Project Management appeared first on OnlinePMCourses. The basics are rigorous and logical. So, in this article, I round-up of all the PM formulas you need to know. MORE
You know how it goes—you’re a few months out from a deadline, and your team isn’t anywhere close to finishing the project. Well, you’re not alone at least, as this situation happens to more than 45 percent of all large-scale IT projects. The answer is a cost management plan. MORE
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. MORE
After publishing my article entitled Evaluating Risks Using Qualitative Risk Analysis , I received questions on how to determine project budget reserves. Project Budget Reserves: Questions and Answers. Imagine a project budget with no reserves. MORE
Every project has a project budget. After all, you're a Project Manager, not an accountant. The post 3 Ways to Produce Your Next Project Budget appeared first on OnlinePMCourses. But it sometimes feels like a dark art to produce it. MORE
If something bad is going to happen on a project, it’s likely related to time, cost or scope. Project managers are well aware of this and spend much of their time planning in order to avoid negative risk and its potential impact. What Are Project Controls? Cost estimates. MORE
I’ve been part of organizations that allowed project managers to use whatever tools necessary to manage their projects. Need a great project start? MindGenius 20 offers project templates for nearly every thing you can imagine in project management. MORE
If you don’t have the funds, you’re not going to complete the project successfully. That’s why planning out your project budget is so important: it’s the lifeblood of the project. Follow these steps to secure the funds necessary to support the project through every phase. MORE
Good cost estimation is essential for keeping a project under budget. Many costs can appear over the life cycle of a project, and an accurate estimation method can be the difference between a successful plan and a failed one. An Overview of Cost Estimation. MORE
When starting a project, it is difficult to know how much it will cost. Project managers are held to account for their budget estimates and with so much uncertainty in projects, it can be one of the project managers' greatest challenges. Cost Management MORE
Business case and investment appraisal are essential to your project. Project Budget Management Project Cost Management Project Definition Project Management in Under 5 DCF Discounted Cash Flow videoAnd many organizations specify a DCF. So, What is a Discounted Cash Flow, or DCF? The post What is a Discounted Cash Flow – DCF? Video appeared first on OnlinePMCourses. MORE
How best to monitor and report on the performance of your projects and predict their future performance? PMBoK & PMP PMI Talent Triangle: Technical Project Management Project Cost Management Project Management Tools and Techniques Project Schedule Management cost management Earned Value MORE
It can be used by teams to help them stay on top of their assignments, whether those are project tasks or daily tasks for everyday business. ProjectManager.com is a cloud-based project management software. Milestones can be set to break the project into more manageable phases. MORE
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? MORE
How does Microsoft Project calculate project costs? Most people assume that the calculation of project cost is the result of the formula, Standard Rate x Work. Understanding how the Standard Rate, Overtime Rate, and Cost Per Use fields contribute to task costs. MORE
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. MORE
A good plan can help you in risk analysis, but it can not guarantee that your project will run smoothly. If you are associated with any stage of software project development life cycle, you most probably agree with this quote. As a result, you will complete the project in 12 months. MORE
The refining stage tends to kick in once you’ve been using LiquidPlanner long enough to focus on proactively managing project risk. When your projects have deadlines, you want to capture that as a deadline date in the project edit panel. Project Costing. MORE
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. MORE
Project Financial Management may not seem appealing. How do you manage project finances and cost control? The post Project Financial Management – 5 Tips for Good Cost Control | Video appeared first on OnlinePMCourses. Project Budget Management Project Cost Management Project Management Tips Cost Control cost management financial management videoBut it's a vital discipline. MORE
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. MORE
Every new project comes as a delight to client-centric companies, as they get a golden opportunity to uplift their business growth. However, the factor that decides whether they will thrive or fail at the end is their project management efforts. What are Project Management Costs. MORE
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. MORE
Which project costs did you miss? It’s been a while since you’ve gotten a progress report from the team – are there any unexpected costs that are going to sneak up on you? . Map Costs to your Work Breakdown Structure . MORE
It is an effort to equip project managers with today’s modern project environment. So, now the question is what modern project management is? Based on research by PMI®, the following are some highlights to see how project management profession has progressed: 1. MORE
A business case & investment appraisal are vital at the start of your project. Project Cost Management Project Management in Under 5 Project Management Tools and Techniques Discounted Cash Flow videoThis video answers the question: 'What is a Discounted Cash Flow, or DCF?'. The post What is a Discounted Cash Flow – DCF? Video appeared first on OnlinePMCourses. MORE
These updates make it easier for Project Managers to apply, track, and manage their billing and costs, with the goal to increase profitability! Easy Projects’ Financial Module offers the following updates: Activity-Level Expenses. MORE
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. MORE
Learn about the difference between direct costs and indirect costs in project management with detailed examples and explanation. PMP Study Notes Project Cost Estimates MORE
Lately on the blog I’ve been exploring the ten skills that employers want from project managers. Effective leadership is one of the key skill that employers expect from project managers. While managing the project (costs, risks, issues, scope etc.) MORE
Your project idea is a good one. So, you need to write an effective Project Proposal or Business Case. The post Project Business Case: Write an Effective Project Proposal | Video appeared first on OnlinePMCourses. Now you need to get it funded. MORE
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. MORE
Project managers , who have just begun working on a project, may find it really stressful and time-consuming to manage multiple tasks, especially if they don’t know the basics. . You winged the entire project execution process, and now the theory of it all is taking a toll on you. . MORE
Project Cost Related Topics Online PM Courses
APRIL 15, 2020
Cost estimation is critical for project managers. But, it’s hard to estimate project costs well & poor estimates cause project budget over-runs. The post How to Estimate Project Costs | Video appeared first on OnlinePMCourses.
Online PM Courses
SEPTEMBER 3, 2018
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.
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LiquidPlanner
NOVEMBER 14, 2019
Which project costs did you miss? It’s been a while since you’ve gotten a progress report from the team – are there any unexpected costs that are going to sneak up on you? . Map Costs to your Work Breakdown Structure .
Online PM Courses
FEBRUARY 19, 2020
Project Cost Management can seem both dull and difficult. The post How to Deliver Effective Project Cost Management | Video appeared first on OnlinePMCourses. Project Cost Management Step-by-step Guides video
MPUG
OCTOBER 31, 2019
How does Microsoft Project calculate project costs? Most people assume that the calculation of project cost is the result of the formula, Standard Rate x Work. Understanding how the Standard Rate, Overtime Rate, and Cost Per Use fields contribute to task costs.
Project Risk Coach
MAY 28, 2019
After publishing my article entitled Evaluating Risks Using Qualitative Risk Analysis , I received questions on how to determine project budget reserves. Project Budget Reserves: Questions and Answers. Imagine a project budget with no reserves.
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Online PM Courses
DECEMBER 1, 2019
Project Management is a structured discipline. The post PM Formulas: Understanding the Math of Project Management appeared first on OnlinePMCourses. The basics are rigorous and logical. So, in this article, I round-up of all the PM formulas you need to know.
Online PM Courses
FEBRUARY 24, 2019
How best to monitor and report on the performance of your projects and predict their future performance? PMBoK & PMP PMI Talent Triangle: Technical Project Management Project Cost Management Project Management Tools and Techniques Project Schedule Management cost management Earned Value
Online PM Courses
FEBRUARY 12, 2020
A business case & investment appraisal are vital at the start of your project. Project Cost Management Project Management in Under 5 Project Management Tools and Techniques Discounted Cash Flow videoThis video answers the question: 'What is a Discounted Cash Flow, or DCF?'. The post What is a Discounted Cash Flow – DCF? Video appeared first on OnlinePMCourses.
iZenBridge
DECEMBER 9, 2019
During my interaction with Project Management Professional (PMP)® Certification aspirants, often I see that they take the Point of Total Assumption as a confusing concept. It refers to the amount above which the seller bears all the losses of an additional cost overrun. Target Cost.
iZenBridge
JUNE 25, 2019
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?
|
iZenBridge
JULY 24, 2019
It is an effort to equip project managers with today’s modern project environment. So, now the question is what modern project management is? Based on research by PMI®, the following are some highlights to see how project management profession has progressed: 1.
Online PM Courses
MAY 25, 2020
What are the pros & cons of a fixed price contract for your project? I answer this from the point of view of a contractor doing projects for their clients. The post A Fixed Price Contract for Your Project: Pros and Cons | Video appeared first on OnlinePMCourses.
Online PM Courses
JUNE 1, 2020
Are you facing pressure to reduce your project budget? The post Pressure to Reduce Your Project Budget | Video appeared first on OnlinePMCourses. Project Budget Management Project Management Tips budget Project Cost Management video
iZenBridge
MAY 23, 2019
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.
Online PM Courses
APRIL 19, 2020
Every project has a project budget. After all, you're a Project Manager, not an accountant. The post 3 Ways to Produce Your Next Project Budget appeared first on OnlinePMCourses. But it sometimes feels like a dark art to produce it.
Online PM Courses
AUGUST 28, 2019
Your project idea is a good one. So, you need to write an effective Project Proposal or Business Case. The post Project Business Case: Write an Effective Project Proposal | Video appeared first on OnlinePMCourses. Now you need to get it funded.
Online PM Courses
JANUARY 31, 2020
Business case and investment appraisal are essential to your project. Project Budget Management Project Cost Management Project Definition Project Management in Under 5 DCF Discounted Cash Flow videoAnd many organizations specify a DCF. So, What is a Discounted Cash Flow, or DCF? The post What is a Discounted Cash Flow – DCF? Video appeared first on OnlinePMCourses.
Deep Fried Brain
AUGUST 18, 2017
Learn about the difference between direct costs and indirect costs in project management with detailed examples and explanation. PMP Study Notes Project Cost Estimates
Online PM Courses
SEPTEMBER 25, 2019
Project Financial Management may not seem appealing. How do you manage project finances and cost control? The post Project Financial Management – 5 Tips for Good Cost Control | Video appeared first on OnlinePMCourses. Project Budget Management Project Cost Management Project Management Tips Cost Control cost management financial management videoBut it's a vital discipline.
ProjectManager.com
DECEMBER 4, 2019
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.
ProjectManager.com
AUGUST 21, 2019
Good cost estimation is essential for keeping a project under budget. Many costs can appear over the life cycle of a project, and an accurate estimation method can be the difference between a successful plan and a failed one. An Overview of Cost Estimation.
ProjectManager.com
FEBRUARY 24, 2020
You know how it goes—you’re a few months out from a deadline, and your team isn’t anywhere close to finishing the project. Well, you’re not alone at least, as this situation happens to more than 45 percent of all large-scale IT projects. The answer is a cost management plan.
ProjectManager.com
DECEMBER 3, 2019
If you don’t have the funds, you’re not going to complete the project successfully. That’s why planning out your project budget is so important: it’s the lifeblood of the project. Follow these steps to secure the funds necessary to support the project through every phase.
ProjectManager.com
MARCH 2, 2020
If something bad is going to happen on a project, it’s likely related to time, cost or scope. Project managers are well aware of this and spend much of their time planning in order to avoid negative risk and its potential impact. What Are Project Controls? Cost estimates.
Girl's Guide to PM
JULY 22, 2019
Creating a project budget involves: being able to identify all the items that are going to cost money building a complete picture of what you need to spend getting approval for that amount. Types of Project Cost. Direct/Indirect Costs. Direct costs.
Project Smart
JULY 5, 2019
When starting a project, it is difficult to know how much it will cost. Project managers are held to account for their budget estimates and with so much uncertainty in projects, it can be one of the project managers' greatest challenges. Cost Management
ProProfs Project Management
DECEMBER 27, 2019
Every new project comes as a delight to client-centric companies, as they get a golden opportunity to uplift their business growth. However, the factor that decides whether they will thrive or fail at the end is their project management efforts. What are Project Management Costs.
Brad Egeland
JULY 3, 2020
I’ve been part of organizations that allowed project managers to use whatever tools necessary to manage their projects. Need a great project start? MindGenius 20 offers project templates for nearly every thing you can imagine in project management.
Project Risk Coach
OCTOBER 17, 2016
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.
ProProfs Project Management
JANUARY 21, 2020
Project managers , who have just begun working on a project, may find it really stressful and time-consuming to manage multiple tasks, especially if they don’t know the basics. . You winged the entire project execution process, and now the theory of it all is taking a toll on you. .
LiquidPlanner
APRIL 25, 2019
The refining stage tends to kick in once you’ve been using LiquidPlanner long enough to focus on proactively managing project risk. When your projects have deadlines, you want to capture that as a deadline date in the project edit panel. Project Costing.
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 holds a project together?
ProjectManager.com
FEBRUARY 5, 2020
It can be used by teams to help them stay on top of their assignments, whether those are project tasks or daily tasks for everyday business. ProjectManager.com is a cloud-based project management software. Milestones can be set to break the project into more manageable phases.
EasyProjects
JUNE 1, 2020
These updates make it easier for Project Managers to apply, track, and manage their billing and costs, with the goal to increase profitability! Easy Projects’ Financial Module offers the following updates: Activity-Level Expenses.
Project Risk Coach
MAY 21, 2018
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.
ProProfs Project Management
FEBRUARY 12, 2020
A good plan can help you in risk analysis, but it can not guarantee that your project will run smoothly. If you are associated with any stage of software project development life cycle, you most probably agree with this quote. As a result, you will complete the project in 12 months.
Fix my Project Chaos
JANUARY 12, 2017
Lately on the blog I’ve been exploring the ten skills that employers want from project managers. Effective leadership is one of the key skill that employers expect from project managers. While managing the project (costs, risks, issues, scope etc.)
Keyedin
MARCH 8, 2019
Having the ability to allocate resources more effectively to every project and respond rapidly to changes in workload are key to maximizing employee utilization and increasing your billable hours without increasing headcount.
ProjectManager.com
APRIL 1, 2019
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.
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