Mon, 22 Jan 2018 13:59:19 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. What's New in Project Cost Management (pt 1) https://www.ProjectManagement.com/blog-post/36236/What-s-New-in-Project-Cost-Management--pt-1- Mon, 15 Jan 2018 12:59:59 GMT Have you got your copy of the PMBOK Guide®-- Sixth Edition yet? It’s not a scintillating read, but it is worth a look, especially (and of course) if you are planning on going for a PMI certification this year. For the purposes of this article, and in line with what this blog normally looks... Who Does What in KPI Project Reporting https://www.ProjectManagement.com/blog-post/36235/Who-Does-What-in-KPI-Project-Reporting Tue, 09 Jan 2018 23:57:13 GMT For more information and extra detail about who does what when it comes to project reporting at different levels of the organisation, you can check out this guide and infographic. Should You Do Project Work on a Retainer? https://www.ProjectManagement.com/blog-post/35141/Should-You-Do-Project-Work-on-a-Retainer- Tue, 19 Dec 2017 12:59:58 GMT What a great question: is it worth moving clients to a retainer model for project services? A got in touch to ask me, and I thought it was probably a question worth sharing with everyone here. This is what she said: “We're a small graphic design studio with 3 employees. My boss wants... Why You Don't Need Money to Have a Successful Project https://www.ProjectManagement.com/blog-post/35140/Why-You-Don-t-Need-Money-to-Have-a-Successful-Project Wed, 13 Dec 2017 12:59:57 GMT This month it’s all about celebrating project success here on ProjectManagement.com, and with that in mind I wanted to explore some ideas around what makes a project successful. Malcolm Gladwell has been instrumental in shaping my thinking about this, and you can read more of how I got to k... What's the difference between a stakeholder and a supplier? https://www.ProjectManagement.com/blog-post/35139/What-s-the-difference-between-a-stakeholder-and-a-supplier- Fri, 08 Dec 2017 17:25:30 GMT What’s the difference between a stakeholder and a supplier? I was asked this question recently and I thought it was quite simple to answer. It turns out, as I started to formulate my response, that it is a lot harder to pin down than I anticipated. Partly, I think, that’s due to th... How to Prepare for a Project Audit [video] https://www.ProjectManagement.com/blog-post/34933/How-to-Prepare-for-a-Project-Audit--video- Fri, 01 Dec 2017 15:51:12 GMT In this video I share a few quick tips for preparing for a project audit. It shouldn't be a scary event and yet some project managers still feel daunted by the process. I get it - it's time consuming and it does feel like you are in the spotlight for a while. But the outcome is worth it, as ... What's the Difference: Tech PM vs. Service Delivery Manager https://www.ProjectManagement.com/blog-post/33944/What-s-the-Difference--Tech-PM-vs--Service-Delivery-Manager Tue, 28 Nov 2017 13:59:58 GMT Mohamed got in touch via the Project Management Café Facebook group, and asked an interesting question: What is the difference between the below 2 jobs: -Technical Project Manager. -Technical Service Delivery Manager. Great question, and I’m sure many people starting out in IT w... 3 Ways To Keep Your Project on Budget https://www.ProjectManagement.com/blog-post/33943/3-Ways-To-Keep-Your-Project-on-Budget Mon, 20 Nov 2017 12:59:59 GMT Here’s a short video sharing three ways to keep your project on budget, but be warned, these are suggestions for project managers willing to take the difficult decisions and have hard conversations! You can see more tips on how to keep your project on budget in this article. 5 Levels of Project Financial Management Maturity [Infographic] https://www.ProjectManagement.com/blog-post/33942/5-Levels-of-Project-Financial-Management-Maturity--Infographic- Thu, 16 Nov 2017 13:59:57 GMT I put this infographic together to show the various different levels of project financial management maturity, as outlined by the P3O guidance from AXELOS. My view is that most companies should be looking to aim for Level 4. Level 5, with the implications that you are using Monte Carlo simulations a... How To Secure Continued Funding For Your Project https://www.ProjectManagement.com/blog-post/33941/How-To-Secure-Continued-Funding-For-Your-Project Tue, 07 Nov 2017 12:59:58 GMT I wrote last month about the differences between project accounting and financial accounting. One of the big challenges of juggling the two is the issue of securing ongoing funding for your project over multiple financial years. You know the situation: your project has a three-year lifespan but y...