Wed, 23 Oct 2019 18:20:31 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. 5 Non-Financial Benefits for Your Business Case https://www.ProjectManagement.com/blog-post/56632/5-Non-Financial-Benefits-for-Your-Business-Case Tue, 22 Oct 2019 12:59:57 GMT When your project is making a tangible financial contribution to the company’s profit or revenue, then putting your business case together is pretty easy. If the financial case stands up, many execs will put a tick in the box. But when you can’t demonstrate that there are financial reaso... Stage Budgets (for Project Board Members) https://www.ProjectManagement.com/blog-post/56611/Stage-Budgets--for-Project-Board-Members- Tue, 15 Oct 2019 13:00:02 GMT So you’re a new member of the Project Board? And wondering how to approve funding for the project? Come in, sit down, let me tell you what to expect! First, you should know that every project-led organisation tends to do things in a slightly different way, and managing money is no except... Project Scope Management Part 4: Create WBS https://www.ProjectManagement.com/blog-post/56610/Project-Scope-Management-Part-4--Create-WBS Tue, 08 Oct 2019 13:00:02 GMT It’s time for part 4 of our journey through the Scope Management Knowledge Area from the PMBOK Guide®-- Sixth Edition. Today, we’re looking at the Create WBS process. You can find the previous parts here: Plan Scope Management Collect Requirements Define Scope The p... What to ask your supplier [Video] https://www.ProjectManagement.com/blog-post/56609/What-to-ask-your-supplier--Video-- Wed, 02 Oct 2019 13:00:04 GMT I’ve worked on projects where all the resources are in house, but it’s more common (at least in my experience, to have some external supplies needed on a project. Whether that’s external legal advice or buying a software product, many project managers have to work with suppliers. ... Managing Money Q&A (Part 9) https://www.ProjectManagement.com/blog-post/56090/Managing-Money-Q-A--Part-9- Tue, 24 Sep 2019 13:00:01 GMT Every so often I do a roundup of questions that I’ve been asked, relating to the topic of this blog – project budgeting. Let’s dive in to some more of your questions about project budgeting! What’s the best tool for managing your project budget? It depends! Unfortuna... 7 Procurement Terms You Should Know https://www.ProjectManagement.com/blog-post/56089/7-Procurement-Terms-You-Should-Know Wed, 18 Sep 2019 12:59:56 GMT We need to measure project performance to see if the project is on track. The graphic below shares some ideas on the different ways you can measure work performance. None of these suggestions is better than any other – they are all appropriate for different projects, environments and levels... Deep Dive: Project Scope Management Part 3: Define Scope https://www.ProjectManagement.com/blog-post/56088/Deep-Dive--Project-Scope-Management-Part-3--Define-Scope Tue, 10 Sep 2019 12:59:57 GMT It’s time for part 3 of our journey through the Scope Management Knowledge Area from the PMBOK Guide®-- Sixth Edition. Today, we’re looking at the Define Scope process. Check out the previous parts: Plan Scope Management Collect Requirements The Define Scope process h... Make or Buy Decisions [Video] https://www.ProjectManagement.com/blog-post/56087/Make-or-Buy-Decisions--Video-- Fri, 06 Sep 2019 17:24:10 GMT Your project needs things. But should you buy them, or make them yourself? It’s a big decision, and one that affects lots of industries and deliverables. My experience has mainly been make or buy in the software world. Should we develop our own software, or buy a tool that is known to be be... The Project Manager's Budget Checklist https://www.ProjectManagement.com/blog-post/55207/The-Project-Manager-s-Budget-Checklist Wed, 21 Aug 2019 12:59:56 GMT I’m often asked: “What do I need to include in a budget?” I figured it was time to put together a list of what should be included when you are putting together your project budget. So here goes… Equipment Record any goods you need to buy. Record what you need to hir... 3 Ways to Create a Project Budget [Video] https://www.ProjectManagement.com/blog-post/55205/3-Ways-to-Create-a-Project-Budget--Video-- Wed, 14 Aug 2019 12:59:56 GMT My favourite way of creating a project budget is to first ask how much money I’ve got, and then go from there :) I know it’s not the best way – or even the most ‘project management-y’ way – but sometimes it’s worth cutting to the bottom line and using tha...