Tue, 23 Oct 2018 14:06:53 GMT The Money Files https://www.ProjectManagement.com/blogs/256120/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. 5 Types of Project Cost [Infographic] https://www.ProjectManagement.com/blog-post/47200/5-Types-of-Project-Cost--Infographic- Mon, 22 Oct 2018 12:59:58 GMT There are different types of project cost – your budget isn’t made up of one big lump of cash. Although it can sometimes feel like that! Understanding the different types of project cost is helpful because they help you review the different categories of spend. You can use mindmapping... What's New in Project Resource Management (pt 6: Control Resources) https://www.ProjectManagement.com/blog-post/47199/What-s-New-in-Project-Resource-Management--pt-6--Control-Resources- Wed, 17 Oct 2018 12:59:56 GMT In this instalment of What’s New In the PMBOK Guide®-- Sixth Edition, we’ve made it to the sixth and final process in Project Resource Management (see here for Plan Resource Management, Estimate Activity Resources, Acquire Resources, Develop Team and Manage Team). This is a brand ... 3 Soft Project Benefits [Video] https://www.ProjectManagement.com/blog-post/47198/3-Soft-Project-Benefits--Video- Mon, 08 Oct 2018 11:59:58 GMT So often when we think about benefits, we think about the ones that relate to money. ROI, NPV, IRR and so on are often what stakeholders care most about. But not all stakeholders. Sometimes the impact on the business or the customer is more important, or at least equally important, as the financi... The Estimating Life Cycle https://www.ProjectManagement.com/blog-post/45997/The-Estimating-Life-Cycle Tue, 25 Sep 2018 11:59:59 GMT What are the steps for estimating? Each business will have a slightly different approach to how to do project estimating, and your PMO will likely have a methodology that you are expected to use. For budget estimating, it maybe the corporate Finance department that sets out how estimates are supp... 3 More Ways to Track Schedule Performance [Video] https://www.ProjectManagement.com/blog-post/45996/3-More-Ways-to-Track-Schedule-Performance--Video-- Wed, 19 Sep 2018 11:59:58 GMT In this video I share a few more ways to track project schedule performance. Sometimes it helps to look at the schedule in different ways, or to use different approaches to get updates from the team. Ultimately, the more tools you have available to you, the easier it is to flex your style to manage ... What's New in Project Resource Management (pt 5: Manage Team) https://www.ProjectManagement.com/blog-post/45995/What-s-New-in-Project-Resource-Management--pt-5--Manage-Team- Tue, 11 Sep 2018 12:59:58 GMT In this instalment of What’s New In the PMBOK Guide®-- Sixth Edition, we’ve made it to the fifth process in Project Resource Management (see here for Plan Resource Management, Estimate Activity Resources, Acquire Resources and Develop Team). Today, it’s the turn of the penultim... Comparing Management Reserves and Contingency [Infographic] https://www.ProjectManagement.com/blog-post/45994/Comparing-Management-Reserves-and-Contingency--Infographic- Thu, 06 Sep 2018 20:58:22 GMT Budget “overs” are a way of filling the gaps in your budgeting process and acting as a safety net for when things go wrong, right? Not exactly. Management reserves and contingency reserves are two very specific types of “extra” money in your project budget. They both ha... Collaboration Tools for Project Managers: Q&A (Part 2) https://www.ProjectManagement.com/blog-post/44930/Collaboration-Tools-for-Project-Managers--Q-A--Part-2- Mon, 27 Aug 2018 12:59:59 GMT I recently did a webinar for the ProjectManagement.com community about my book, Collaboration Tools for Project Managers. It was the closing part of the April book club, and I spent some time answering people’s questions about collaboration tools. BUT… there were so many questions that ... 4 Steps for Managing Project Stakeholders [Infographic] https://www.ProjectManagement.com/blog-post/44929/4-Steps-for-Managing-Project-Stakeholders--Infographic- Tue, 21 Aug 2018 12:59:58 GMT I know, I know, we don’t talk about ‘managing’ any more. It’s now all about engagement. However, when I asked a group of project managers from around the world last year, they told me that engagement wasn’t a term that meant a lot to their teams. Apparently, the prac... 3 Types of Contract [Video] https://www.ProjectManagement.com/blog-post/44928/3-Types-of-Contract--Video-- Wed, 08 Aug 2018 12:59:57 GMT In this video I talk about three different types of contract: fixed price, cost plus and time and materials. I’ll explain each type and the kinds of things they are used for. What sort of contracts do you use on your projects? Let us know in the comments below. Pin for later reading: