Sat, 29 Apr 2017 11:12:59 GMT 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. The Different Types of Project Resources [Video] Thu, 27 Apr 2017 03:59:57 GMT In this video I talk about the different types of project resources that you'll encounter on your project. 'Resources' isn't just an unfriendly way to talk about people! 5 Common Approaches for Performance Measurement Mon, 24 Apr 2017 03:59:59 GMT How do you track the performance of your project? Here are 5 ways that you can do it. 1. Fixed Formula This is pretty easy. Assign a fixed percentage when the work starts. Then make it up to 100% by allocating the rest when the task finishes. The Pareto principle is a good one to use if you... 5 Non-Financial Project Benefits Wed, 19 Apr 2017 03:59:58 GMT I know that business cases are essential for projects (not convinced that they are right for you? Watch this video on the 3 reasons why you should think again). But often they aren’t reasonable because the focus is on financial return. If your project is generating a ton of revenue and tang... 7 Contract Terms You Should Know Fri, 14 Apr 2017 12:56:29 GMT Project procurement is full of jargon – it can seem like a totally different language at times. Here are 7 contract terms that you should know. 1. Waiver A waiver is where you voluntarily surrender an option under the contract. It’s a concession. You ‘let the supplier off... Thoughts on Benefits Realization Management [and Book Review] Thu, 23 Mar 2017 11:59:57 GMT I’ve been thinking a lot about benefits recently. It was the feature of a week of discussion questions in my Facebook group, and I’m leaning more and more towards benefits being something that the project manager has to get involved with. This idea that we deliver the outputs and then th... 3 Reasons Why Your Project Budget is Overspent (and what you can do about it) Thu, 16 Mar 2017 12:59:50 GMT In this video I look at 3 common reasons for going over budget, and point out some quick things you can do to put them right. Want to learn from Europe's largest construction project? Thu, 09 Mar 2017 10:59:57 GMT Platform construction at Liverpool Street station completes © Crossrail Ltd. Infrastructure projects in the UK don’t always get good press, but that is starting to change. Crossrail, in particular, is spoken of in very high terms. At a training event I attended recently, one of the del... Common Financial Appraisal Techniques [Infographic] Wed, 01 Mar 2017 16:59:57 GMT I put this infographic together for you to highlight the common types of ways that project leaders and project financial analysts can carry out financial appraisals. These are all techniques that you can use in a business case or project proposal. I hope it's helpful! The content of the image... 5 Places To Look for Project Suppliers Wed, 22 Feb 2017 04:59:58 GMT If I want to buy something, I end up browsing Amazon first. I might end up purchasing from somewhere else, but I tend to use Amazon as my shop window. You can’t do that with project procurement. I can’t search for ‘buy ERP system’ or hunt around in Amazon for a data center... 4 Tools for Project Cost Control (and where to use them in the project life cycle) - Video Fri, 17 Feb 2017 17:59:56 GMT