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.

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 265

Direct Costs vs Indirect Costs in Project Management

Deep Fried Brain

Learn about the difference between direct costs and indirect costs in project management with detailed examples and explanation. PMP Study Notes Project Cost Estimates

2017 40

Does remote project management really work?

Moira Alexander

Does remote project management work? Will remote project management work for your organization if you have a top-notch virtual project teams? There are advantages to establishing virtual project teams for remote project management. Some may include the following: Lower project costs due to technology advancements that bridge distance. Improved work/life balance for project team members. The answer, in general, is yes, it can.

2015 239

Londoners, dig deep in your pockets for yet another troubled project

Ron Rosenhead

Today, the Mayor of London Sadiq Khan ordered an enquiry into the escalating costs of the former Olympic stadium site. However the escalating costs have raised more than a few eye brows. additional costs for the seating problem. How good is project sponsorship in your company?

2016 301

The Good News is YOU have BAD News

PMStudent

Perhaps your subject matter expert has resigned or project costs have increased, whatever happens you need to be able to. "Nothing travels faster than light, with the possible exception of bad news, which follows its own rules" - Douglas Adams.

2016 60

Effective Leadership Skills. Are You Truly A Great Project Leader?

Fix my Project Chaos

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.)

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

Effective Leadership Skills. Are You Truly A Great Project Leader?

Fix my Project Chaos

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.)

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.

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 279

Most project sponsors regularly make this mistake

Ron Rosenhead

Not briefing their project managers effectively enough. Project managers regularly tell me this is so and the stories they tell supports this. Take this comment from a recent project management course about a case study briefing. These are words I have heard quite a number of times and he was referring to a case study which we use throughout the project management programme. For a 9 months project costing just over £100,000).

2017 239

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 306

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.

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 205

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.

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.

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 295

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.

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

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 260

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.

Business Acumen for Project Managers [Free Checklist]

Girl's Guide to PM

It’s also something mentioned in the standards for professional project management bodies. Apparently, business acumen is something that project managers should have. I believe that my success at working with senior stakeholders and on difficult projects is to do with business acumen.

2016 364

Best Practices for Project Outline Template with an Example

Techno-PM

Project Outline Template A Project Outline document is used to pitch an idea for a project, usually to its sponsors and main stakeholders. Project Cost: Explain what the project will need in order to successfully deliver on time, on budget and in high quality.

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 209

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

Inloox

Our latest blog series will cover the topic of benchmarking in project management. This method is used in project management to improve the organization’s project management methods and processes, or to compare internal projects to each other to identify what the most successful projects have in common (keyword “ lessons learned ”). The first step is to identify the differences between the organizations and projects. Project schedule performance.

2017 120

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 256

[GUEST AUTHOR] 6 Project Management KPIs To Keep In Mind

Inloox

The projects your company works on will need to need to be properly structured and managed properly in order to avoid disastrous situations. In a recent study, nearly 37 percent of the business owners polled claimed that the lack of clearly defined goals led to project failure.

2018 156

Business Acumen for Project Managers [Free Checklist]

Girl's Guide to PM

It’s also something mentioned in the standards for professional project management bodies. Apparently, business acumen is something that project managers should have. I believe that my success at working with senior stakeholders and on difficult projects is to do with business acumen.

2016 287

Post Implementation Review and Post Project Review Template

Techno-PM

A post implementation review or a post project review is conducted after the completion of a project. A post project review usually involves a third independent party which can determine in an unbiased manner about how the project was run.

10 Performance Metrics Examples Project Managers Can't Afford to Miss

MavenLink

Project management is riddled with complications. It is imperative to keep track of performance metrics throughout the entirety of a project's lifecycle. Keeping track of key performance indicators allows a more accurate understanding of project status, success, and profitability.

2017 82

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 156

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 156

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.

5 Project Estimation Techniques and Project Estimate Template

Techno-PM

What is Project Estimation? Estimating is a vital part of the project planning phase and involves estimating the project costs , resources or duration. Estimating a project can be a challenging task no matter what the size or budget of the project is.

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. These terms are sometimes applied in project management, but they find their roots in software development. It’s a simple truth of development projects.

Agile 62

11 Benefits of Online Proofing Software (And How to Choose the Right One)

Proofhub

A little delay or miscommunication results in extended deadlines leading to failed projects and campaigns as well. Streamlines the approval process Manually updating spreadsheets to track a project has always been a pain in the neck for many. What are your projects costs and ROI?

What’s in your backlog?

Leading Answers

All the things they need to complete before the product or project is done. Working as a developer at Data Sciences Ltd in the UK I wrote a program to manage our work tasks on a government project. My project manager saw it one day and two interesting things happened.

2006 56

The Best 53 Project Management Blogs You Should Be Reading

Paymo App

People are gradually becoming more interested in project management as an independent topic and as a possible career. Project management blogs and resources can be a primary source of knowledge, especially if project management (PM) experts contribute to them. Project Bliss.

12 Project Management Related Tools to Check Out for 2017

Brad Egeland

As everyone is aware, the landscape of available project management and PM-related tools has changed greatly over the years. It is truly mind-boggling how many options are out there now for project managers across all industries. All projects are different.

2017 249