Mon, 21 Jun 2021 02:06:06 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, estimating and accounting to getting a pay rise and managing contracts. Written by Elizabeth Harrin from GirlsGuideToPM.com. 3 Levels of Project Work Authorization [Infographic] https://www.ProjectManagement.com/blog-post/69321/3-Levels-of-Project-Work-Authorization--Infographic- Wed, 16 Jun 2021 12:00:00 GMT How do you go from someone high up in a position of authority saying it’s OK to begin the work through to the individual team member knowing that it is OK to start a task? That’s where different levels of authorization come in. This is important for projects using earned value managem... What goes into a Control Account Plan? https://www.ProjectManagement.com/blog-post/69320/What-goes-into-a-Control-Account-Plan- Tue, 08 Jun 2021 12:00:00 GMT Control account plans (CAPs) are detailed plan for each control account. If the term control account isn’t familiar to you, you probably aren’t using earned value management. The CAP is part of EV and it describes the work that goes into each formally defined chunk of the project. The pr... 2 unexpected benefits of risk management [Video] https://www.ProjectManagement.com/blog-post/69319/2-unexpected-benefits-of-risk-management--Video- Wed, 02 Jun 2021 12:00:00 GMT The risk management process is helpful for more than simply sorting out your risks and stopping potential problems (and, I know, capitalising on the positive risks). Did you know it also contributes to managing expectations and dealing with a culture where talking about bad news has everyone running... Establishing the Budget in Earned Value Management https://www.ProjectManagement.com/blog-post/69129/Establishing-the-Budget-in-Earned-Value-Management Mon, 24 May 2021 11:00:00 GMT I’ve been working my way through The Practice Standard for Earned Value in an attempt to really get to grips with the nuances of EVM. It’s one thing understanding the high level principles, but another to understand the individual processes and how everything fits together to give you a ... How to Monitor Risks https://www.ProjectManagement.com/blog-post/69128/How-to-Monitor-Risks Tue, 18 May 2021 12:00:00 GMT So you’ve created a great risk log, worked out what your risk responses are going to be and made a plan to get those actions done. But how do you check whether your risk response plans are having the desired effect? The thing I see a lot of project managers doing – especially early on... How to ask for additional PMO staff [Video] https://www.ProjectManagement.com/blog-post/69127/How-to-ask-for-additional-PMO-staff--Video- Mon, 10 May 2021 11:00:00 GMT As your PMO grows in size and responsibility, you’re going to need to get more people to work in it. That can be quite a hard sell, as it’s often difficult to explain what the PMO does and justify the value it brings, let alone secure the funding for an additional role (or two). In th... 4 Tips for Project Closure [Infographic] https://www.ProjectManagement.com/blog-post/69126/4-Tips-for-Project-Closure--Infographic- Tue, 04 May 2021 19:04:02 GMT Is it time for your project to wrap up? Congratulations! In this infographic I share a few tips for closing down your project in a smooth and controlled way. These are things I’ve learned over time, because I’ve struggled in the past to get people to take responsibility for the stuff... Developing the Schedule in Earned Value Management https://www.ProjectManagement.com/blog-post/68440/Developing-the-Schedule-in-Earned-Value-Management Tue, 20 Apr 2021 11:00:00 GMT The Practice Standard for Earned Value sets out the Develop Schedule process, which is simply a way of turning all the stuff in your WBS into a workable plan with timescales. Basically, it’s time to turn the WBS into a Gantt chart. I guess you could use earned value for non-Gantt chart sche... 5 Limitations of Earned Value [Infographic] https://www.ProjectManagement.com/blog-post/68439/5-Limitations-of-Earned-Value--Infographic- Tue, 13 Apr 2021 11:00:00 GMT I’m surprisingly enjoying my deep dive into earned value management – it’s not a technique I would say I’m hugely experienced in, but it’s something I’m committed to learning more about. In this infographic I summarise the 5 limitations of earned value: N... How to Implement Risk Responses https://www.ProjectManagement.com/blog-post/68438/How-to-Implement-Risk-Responses Wed, 07 Apr 2021 13:00:00 GMT This is an occasional series on project risk management, and last time we looked at what options are available to you as part of your risk response strategy. Today, we’re looking at how do you actually implement risk responses. There’s a whole risk response process in the PMBOK® G...