The Money Files

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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.

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Deep Dive: Project Scope Management Part 3: Define Scope

Make or Buy Decisions [Video]

The Project Manager’s Budget Checklist

3 Ways to Create a Project Budget [Video]

Deep Dive: Project Scope Management Part 2: Collect Requirements

3 Ways Strategic Factors Add Risk to Projects [Video]

Categories: risk, video

Strategy plays a huge part in whether or not your project is going to be a success. Yes – things decided way above your pay grade influence the outcomes of your project.

That happens through risk. The corporate approach to strategy (or lack of it) massively shapes how your project is going to be carried out, implemented and delivered. The framework in which your project is being managed is of course influential – I’d say it was one of the enterprise environmental factors that shapes how you need to act on the project.

The risk profile of your project changes depending on your project’s context. A project in my company will have different outcomes to the same project (even if we hypothetically believed it would be delivered by the same project team) because the corporate approach to project management is different. The risk appetite would be different.

Strategy brings risk to your project in numerous ways. I’ve called out three of the main strategic factors that influence risk on your project in the video below.

 

Read more articles about risk.

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how strategy adds risk to projects

Posted on: December 07, 2018 09:08 AM | Permalink | Comments (7)

3 Tips for Better Virtual Meetings [Video]

Categories: video, virtual teams

Virtual meetings can be a huge time and cost saver, but the last thing you need is to be stuck on project calls that take up all day.

If you’re anything like me, I’m sure you will have been on calls where you’ve sneakily gone on mute because the meeting isn’t relevant to you, or you have nothing to add, or some other reason. While it’s better not to multi-task during a virtual meeting, and even better to not go to meetings that aren’t relevant for you, sometimes virtual meetings are a must.

You can make virtual meetings better. This quick video shares 3 easy tips for making virtual meetings that little bit more productive for everyone.

These tips came from a fantastic presentation on virtual meetings at a PMI event by Dr Penny Pullan. You can read more about that presentation here.

Pin it and watch later:

virtual meeting tips

Posted on: November 12, 2018 11:59 PM | Permalink | Comments (8)

3 Things I Wish I Had Known About Project Budgeting [Video]

Categories: budget, video

I’ve been managing projects for a long time, and I’ve had budget responsibility (at least for the tracking, if not the actual spending) since virtually the beginning. In this short video I summarise 3 things I wish I had known about project budgeting. These are the hard-won tips that I’m sharing so you don’t have to make the same mistakes or wonder the same things!

Read more here: http://www.projectmanagement.com/blog/The-Money-Files/7491/

 

Posted on: May 17, 2018 11:59 PM | Permalink | Comments (5)

How to Prepare for a Project Audit [video]

Categories: audit, video

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 long as the process is robust.

Posted on: December 01, 2017 10:51 AM | Permalink | Comments (10)

Considerations for Choosing a PM Training Provider [video]

Categories: training, video

What should you take into account before you make the investment in project management training? Here's a quick video on the 5 things you consider.

 

 

You can get more detail on the points raised in this video in this article.

Posted on: July 10, 2017 11:59 PM | Permalink | Comments (6)
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