Cost Management

Top Influencers

See all Cost Management Influencers

Advance Your Career

Premium

Sustaining Performance in Energy Project Management

by Sam Ayodele

June 13, 2022 | 60:11 | Views: 10,890 | PDUs: 1.00 | Rating: 4.35 / 5

With rising environmental concerns and global warming, there is an increase demand for electricity and other alternative energy sources around the globe, to deliver clean, reliable and affordable energy. Energy industries encompass a broad group of sectors - oil and natural gas, coal, nuclear, wind, solar, hydro, geothermal etc. Each of these industries contain very different types of organizations, and what constitutes risk in wind projects is far different than in nuclear. But they all share a similar challenge; to produce more energy at a lower cost with fewer emissions.

Premium

Managing Projects Effectively during a Pandemic

by Vishnu Vardhan Madhavan

June 11, 2021 | 45:56 | Views: 9,740 | PDUs: 1.00 | Rating: 4.24 / 5

During a Crisis, managing projects become extremely critical as we may experience Cost & Schedule overruns, unidentified Changes & Risks that creates an imbalance. Focusing on Priority Knowledge areas of PMBOK during a crisis, helps us stay aligned to the Program GOAL's & the Organization Targets. An approach to consolidate the projects of a Program or a Portfolio in a single shell will be my call during this webinar - with my personalized model that can give an "Effective Approach".

See all Cost Management On-demand webinars

Save Time With Tools + Templates

Project Plan Template

PREMIUM deliverable

by Mark Mullaly, Ph.D., PMP

The project plan is the means of defining and articulating how a project will be delivered, and builds upon the information defined in the project charter. This template helps you identify what will be necessary to successfully deliver on the project, and also identify potential uncertainties and challenges.

Project Portfolio Dashboard

deliverable

by Ahamed Sajid

The Project Portfolio Dashboard is a template for portfolio/project managers to present the status of multiple projects in one file. It helps the PMs to track the financial health of a project, and also helps highlight when actions are required for projects that have cost overruns. Most suitable for small to medium software development projects.

Project Financial Analysis Template

deliverable

by Anand Pillarisetti

The project financial analysis template calculates key metrics to determine the business case for a project. The template is an Excel file that can be used by a project manager, project sponsor or a relevant professional to determine if a project should be pursued.

Overview of the Project Management Process

presentation

by John Galyon

While actively participating in mentorship during a project with a local design/build firm, this practitioner compiled an overview of the project management process as detailed in PMI’s A Guide to the Project Management Body of Knowledge (PMBOK® Guide). Use this overview with other project managers as a tool to reference in your day-to-day PM activities (as well as share with new project managers).

Contract Negotiation Cost Reduction Ideas Checklist

PREMIUM checklist

by John Fulgaro

This checklist provides ideas for reducing, containing or preventing costs during contract negotiations for technology projects.

Learn From Others

Optimizing Project Environment Efficiency (Part 1)

by Andy Jordan June 21, 2024

In most organizations, there are plenty of opportunities to reduce the cost of delivering projects—but it requires an enterprise-wide perspective to identify and address the opportunities.

How to Develop Credible Project Budgets

by Michael Wood June 21, 2024

Money will always be a significant factor in any project you undertake. Having a good handle on how to build credible budgets is essential to successful project management. These approaches can help.

Showing Your Value as a Project Manager

by Paul Baumgartner, PMP January 10, 2024

Seldom do our bosses hear how we project managers prove quantifiable cost savings directly from our efforts. Here’s how one practitioner did so in surprising fashion, with five conclusions to share that can help you prove your worth.

Portfolio Capacity and Capability Assessment

by Paul Bird August 30, 2023

How well do we match our project portfolio ambitions with our ability to deliver? There are some considerations that a project organization should be assessing as it builds its annual budget and business plan.

Defined vs. Empirical Process Control: Choosing the Best Approach

by Barry Milteer August 3, 2023

This article draws on well-known, basic project management concepts to introduce the high-level project management concepts of defined and empirical process control. It also attempts to contrast them and suggest how they might be used by PMPs in practice.

Capital Allocation Framework—A Strategic Perspective to Value Creation

by Vibhu Sinha April 20, 2023

This paper aims to share a strategic perspective on capital allocation and how leveraging this capability, in collaboration with the corporate transformation office or project management office and corporate finance, portfolio managers can successfully steer organizations in pursuing value creation and maximizing shareholder value.

No More Project History Lessons! Adopt a Future Focus Instead

by Paul Bird April 18, 2023

The attention paid to recording the recent project past can sometimes sound like a captain reading from a ship’s log—a very boring register that no one will ever want to read again. Instead, focus on the future.

4 Ways to Reduce Costs in Healthcare Design Projects

by Andrea Rufe, Andy Snyder and Molly Wolf February 16, 2023

As operating costs and demand care continues to soar, it has become imperative to minimize financial risk in healthcare design projects. Here are four strategies that emphasize ongoing prioritization, repurposing, and collaborative delivery.

The Triple Constraint, 2022 Style

by Andy Jordan August 31, 2022

The growth of agile and the increasing pace of all forms of project delivery have meant that the triple constraint is no longer the thing we all have to tattoo on our brains. But it is still important, and it is still heavily misunderstood. If it’s not helping, then it needs to adapt—and a new variable can help.

Topic Teasers Vol. 151: Contracts for a PM Contractor

by Barbee Davis, MA, PHR, PMP, PMI-ACP, PMI-PBA August 10, 2022

Question: Due to my success as a project manager in the traditional marketplace, I have opened my own business as a contractor for unique projects. I’m having some trouble with the financial side of things. How can I make sure I’m covering my own expenses and profit, while also protecting my customers from feeling uncertain about the cost for my services?