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
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. MORE
It’s fundamental to the way projects work, too. It’s a timeless illustration of a communication breakdown—now imagine that happening over a year-long project. What is Project Communication? You can’t just create a project plan and hope everyone sticks to it. MORE
Project management is evolving with every passing day and so should project managers. We are moving in an age where project managers will have to wear multiple hats to cope up with emerging project management challenges. Want to succeed as a project manager in 2020? 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
A bad hire can cost your business valuable workplace productivity, not to mention nearly 20 percent of their salary on average. This cuts back on waste and keeps your company output balanced against overhead costs. This is called Project Workforce Management. 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
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
Onboarding a new employee is incredibly important but can be time-consuming and costly. A study conducted independently showed that LiquidPlanner reduces meeting time and other project administration time by an average of 15%.” . Client Costing Dashboard. MORE
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? 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
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
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
An abundance of information is created, transferred and stored over the life cycle of a project. Without a way of organizing all information a project is doomed to fail. That’s what PMIS comes in, which is an acronym for project management information system. 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 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. 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
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
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
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? 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
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
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 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. MORE
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. In this article we explore 5 quick wins for increasing employee utilization through effective project management. #1. Monitor employee utilization and project costs People costs are often the single largest part of project costs. 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
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
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
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. MORE
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. 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 Cost Related Topics 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
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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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.
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.
Project Risk Coach
JANUARY 30, 2017
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.
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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.
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
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.
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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.
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
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
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.
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.
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
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?
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.
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.
ProjectManager.com
JANUARY 6, 2020
It’s fundamental to the way projects work, too. It’s a timeless illustration of a communication breakdown—now imagine that happening over a year-long project. What is Project Communication? You can’t just create a project plan and hope everyone sticks to it.
Taskque
DECEMBER 20, 2019
Project management is evolving with every passing day and so should project managers. We are moving in an age where project managers will have to wear multiple hats to cope up with emerging project management challenges. Want to succeed as a project manager in 2020?
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.
ProjectManager.com
SEPTEMBER 4, 2019
An abundance of information is created, transferred and stored over the life cycle of a project. Without a way of organizing all information a project is doomed to fail. That’s what PMIS comes in, which is an acronym for project management information system.
ProProfs Project Management
MAY 16, 2019
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.
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.
ProjectManager.com
DECEMBER 9, 2019
A bad hire can cost your business valuable workplace productivity, not to mention nearly 20 percent of their salary on average. This cuts back on waste and keeps your company output balanced against overhead costs. This is called Project Workforce Management.
Teamweek
DECEMBER 20, 2018
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.
Arras People
OCTOBER 3, 2017
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?
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.)
ProjectManager.com
NOVEMBER 5, 2018
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.
ProjectManager.com
JULY 5, 2018
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?
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.)
LiquidPlanner
NOVEMBER 7, 2019
Onboarding a new employee is incredibly important but can be time-consuming and costly. A study conducted independently showed that LiquidPlanner reduces meeting time and other project administration time by an average of 15%.” . Client Costing Dashboard.
Keyedin
APRIL 22, 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. In this article we explore 5 quick wins for increasing employee utilization through effective project management. #1. Monitor employee utilization and project costs People costs are often the single largest part of project costs.
ProjectManager.com
OCTOBER 23, 2018
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.
The Lazy Project Manager
NOVEMBER 20, 2015
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.
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