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.

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Recent Posts

Cost Management Processes [Video]

9 Cost Management Terms Defined

Got Any Excel Questions?

What Type of Contract is Best for Urgent Projects?

Project Communications Questions Answered

Cost Management Processes [Video]

Categories: cost management, video

In this video I talk about the cost management processes.


Posted on: November 15, 2015 11:59 PM | Permalink | Comments (3)

Project Communications Questions Answered

Categories: communication, video

In this video I share the answers to a couple of questions raised during PMXPO:

  • What tools do I use to link my project communications calendar to my daily diary?
  • Is it the project manager's job to be responsible for project communications?

I didn't get a chance to answer these during my presentation on 10 Ways to Market Your Project (which you can watch here).


Posted on: October 23, 2015 12:00 AM | Permalink | Comments (2)

4 Estimating Terms You Need To Know [Videos]

Categories: estimating, video

This article summarises four of the key terms that you'll come across when you start working with project estimates.

Bottom up estimating

This estimating term describes how you break down your project and estimate (as the name suggests) based on the smallest components.

Watch the video here: Bottom up estimating video

Parametric estimating

This term describes how you can use statistical and logical calculations to work out how long a project will take, based on what you know about the individual activities.

Watch the video here: Parametric estimating video

Analogous estimating

Analogous estimating relies on previous experience to calculate the estimate.

Watch the video here: Analogous estimating video

Three point estimating

Three point estimating is discussed in more detail in this article but the basic premise is that you use a formula to calculate your overall estimate. The formula is:

This calculation will leave you with a weighted estimate of the budget for the activity (although you could use it for scheduling time and work out your estimate in days). It will be weighted in favour of the most likely cost for that task, but it will also allow for the fact that things might go well – or not.

Posted on: September 24, 2015 11:59 PM | Permalink | Comments (6)

Questions from PMXPO 2015

Categories: video


In this video I discuss some of the questions raised during my presentation at PMXPO this year.

For more on managing project budgets on the cheap, see this article on communicating on a budget.

Posted on: September 18, 2015 03:16 PM | Permalink | Comments (2)

6 Tools for Project Cost Control [Video]

Categories: cost management, video

In this video I discuss the 6 tools and techniques related to project cost control.

Posted on: August 03, 2015 06:33 AM | Permalink | Comments (0)

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