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197 items found

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The Triple Constraint, 2022 Style

by Andy Jordan

The growth of agile and the increasing pace of all forms of project delivery have meant that the triple constraint is no longer the thing we all have to tattoo on our brains. But it is still important, and it is still heavily misunderstood. If it’s not helping, then it needs to adapt—and a new variable can help.

Topic Teasers Vol. 151: Contracts for a PM Contractor

by Barbee Davis, MA, PHR, PMP, PMI-ACP, PMI-PBA

Question: Due to my success as a project manager in the traditional marketplace, I have opened my own business as a contractor for unique projects. I’m having some trouble with the financial side of things. How can I make sure I’m covering my own expenses and profit, while also protecting my customers from feeling uncertain about the cost for my services?

Don’t Replace the Triple Constraint!

by Andy Jordan

Organizations are recognizing that they need to go beyond the traditional metrics of scope, schedule and budget to determine project success—but those metrics still matter as indicators of how effective and efficient a company’s planning approach is.

Back to PM Basics (Part 8): How Much Is This Project Going to Cost, Anyway?!

by Bruce Garrod

In order to build accurate project budgets, a project manager must determine what costs they are responsible for managing as part of the project’s execution. Don't forget these types of costs, estimating techniques and calculations the next time you need to estimate a budget.

Topic Teasers Vol. 137: Lowering Software Purchasing Risk

by Barbee Davis, MA, PHR, PMP, PMI-ACP, PMI-PBA

Question: Due to major cutbacks at my organization, I have been asked to work on getting new software that we need to update. In the past, we had a procurement department to do this. Since they were all let go, finances are at a low level for us. How can I quickly get myself up to speed so that I lower the company risk when we sign a new software contract?

Topic Teasers Vol. 134: Unexpected Changes Lead to Alphabet Madness

by Barbee Davis, MA, PHR, PMP, PMI-ACP, PMI-PBA

Question: Due to the pandemic, my original project estimates aren't accurate. It’s not enough that we are over budget and behind schedule, I now need a way to show management how I predict this work will change financially and in terms of time. I learned some alphabet formulas to pass the PMP® exam, but that was years ago. Is there a simple way to calculate this stuff?

Topic Teasers Vol. 130: Early Money = More Money

by Barbee Davis, MA, PHR, PMP, PMI-ACP, PMI-PBA

Question: My manager is always pushing me to finish early or deliver parts of things. This makes no sense to me. Money is money. I would reason that as long as the business receives it before the end of the year and the final stakeholder’s report, what difference does it make if we deliver project outcomes it in one month or wait a couple more and make sure everything is perfect before things are released. Why the pusht?

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