Sat, 13 Feb 2016 08:46:58 GMT The Money Files http://www.ProjectManagement.com/blog/The-Money-Files/ A blog that looks at all aspects of project and program finances from budgets and accounting to getting a pay rise and managing contracts. Cost Management Documents (And Which Ones You Really Need) http://www.ProjectManagement.com/blog/The-Money-Files/18496/ Thu, 11 Feb 2016 04:59:57 GMT Project cost management has a huge documentation overhead. Or does it? Below I breakdown the 5 cost management documents that are common across project management processes and tell you which ones you really need to. 1. Cost Management Plan What is it? The cost management plan is a componen... 5 Expert Tips For Managing Virtual Teams http://www.ProjectManagement.com/blog/The-Money-Files/18362/ Tue, 02 Feb 2016 04:59:52 GMT Managing virtual teams is a skill. You can learn how to do it better, but getting the best out of a virtual team takes practice. Let’s give you a head start. I spoke to five experienced project managers about how they manage virtual teams. Here is what they had to say about making workin... 4 Key Terms for Earned Value http://www.ProjectManagement.com/blog/The-Money-Files/17632/ Tue, 26 Jan 2016 04:59:58 GMT Whole books have been written about Earned Value, so I won’t be able to go into much detail here. However, it’s worth having a little refresher on the key terminology, and if you haven’t come across Earned Value before, hopefully this is a gentle introduction to some of the languag... 5 Common Project Budget Problems (and How to Fix Them) http://www.ProjectManagement.com/blog/The-Money-Files/17629/ Tue, 19 Jan 2016 04:59:58 GMT Here are 5 common project budget problems and how to fix them. If you’ve got other suggestions for dealing with these situations, please let everyone know in the comments below! 1. Contract Expenditure is Overrunning You’ll notice this hopefully before it causes a big overspend on ... Making the Most of Tools for Communicating About Your Project http://www.ProjectManagement.com/blog/The-Money-Files/17129/ Tue, 12 Jan 2016 04:59:58 GMT If you want to let people know about your project, you need to tell them. Often. And in lots of different ways. In my last article about project marketing I wrote about the different ways of getting your message across that you could use from your intranet to a leaflet campaign. Varying ... Project Finances in the Initiation Stage [Video] http://www.ProjectManagement.com/blog/The-Money-Files/17128/ Tue, 05 Jan 2016 04:59:58 GMT You first think about how much a project will cost in the initiation stage. At project initiation, cost management and project financials are really about understanding. Understanding what you are doing and why, and how much you get out and how much you need to put in. Firstly, consider whethe... Marketing Your Project 101 http://www.ProjectManagement.com/blog/The-Money-Files/16517/ Sun, 20 Dec 2015 04:59:33 GMT Stakeholder engagement doesn’t just happen. You need to work at it, and marketing your project is one way to do that. What? OK, let’s start with a definition of marketing as it relates to projects. Marketing is a planned series of tasks with the objective of promoting your proje... Developing a business case for online collaboration tools http://www.ProjectManagement.com/blog/The-Money-Files/15588/ Wed, 09 Dec 2015 05:00:17 GMT This is an extract from the draft of the second edition of Social Media for Project Managers by Elizabeth Harrin and published by PMI. Consider it a sneak preview for when the book comes out! The normal approach is to define your strategy, research what you need to do in order to achieve that (bo... Planning Cost Management Process [Video] http://www.ProjectManagement.com/blog/The-Money-Files/16417/ Fri, 04 Dec 2015 13:27:01 GMT Project Management Accounting [An Overview] http://www.ProjectManagement.com/blog/The-Money-Files/16339/ Wed, 02 Dec 2015 05:00:02 GMT I’m not the world’s greatest when it comes to numbers so when I started getting more involved with project financials I decided it would be a good idea to read up on the subject. I bought Project Management Accounting a few years ago now and it has become my go to book for understanding ...