Project Management

Conversations in Cost Management


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Justin Hollett · Jan 11, 2024
Replies: 1 1 Votes: 0 0
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Rami Kaibni
Jan 11, 2024
Rami Kaibni replied Jan 11, 2024
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Bright Agbenyenu · Nov 8, 2023
Replies: 3 3 Votes: 0 0
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Verónica Elizabeth Pozo Ruiz
Nov 15, 2023
Verónica Elizabeth Pozo Ruiz replied Nov 15, 2023
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Top Influencers

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Sam Ayodele Project Coordinator - Capital Projects| Burlington Hydro Incorporation Burlington, Ontario, Canada
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Stelian ROMAN Project Manager| MicroSafety Carlingford, New South Wales, Australia
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Paul Baumgartner Sr. Staff Technical Program Manager| GE Aerospace Cincinnati, Oh, USA
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Antonio Nieto HBR Author | Director PMO | PMI Fellow & Past Chairman | Professor | Thinkers50 | Strategy Implementation Institute Brussels, Belgium
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Vishnu Vardhan Madhavan Program Manager| Rakuten Bangalore, Karnataka, India
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Iain Fraser Author, Speaker, Trainer, and Non-Executive Director| Jacobite Consulting Ltd Wellington, New Zealand
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Naveed Rabbani Manager Electrical and Instrumentation| Hub Power Company Ltd. Karachi, Pakistan, Pakistan
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Manish Mohandas Functional Manager| Karle Infra Bangalore, Karnataka, India
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Andy Jordan President| Roffensian Consulting S.A. Doral, Fl, USA
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Paul Odell PM II| Chubb Insurance Morristown, Nj, USA

See all Cost Management Influencers


Advance Your Career

Sustaining Performance in Energy Project Management

by Sam Ayodele
June 13, 2022 | 60:11 | Views: 9,392 | PDUs: 1.00 | Rating: 4.36 / 5

With rising environmental concerns and global warming, there is an increase demand for electricity and other alternative energy sources around the globe, to deliver clean, reliable and affordable energy. Energy industries encompass a broad group of sectors - oil and natural gas, coal, nuclear, wind, solar, hydro, geothermal etc. Each of these industries contain very different types of organizations, and what constitutes risk in wind projects is far different than in nuclear. But they all share a similar challenge; to produce more energy at a lower cost with fewer emissions.

Managing Projects Effectively during a Pandemic

by Vishnu Vardhan Madhavan
June 11, 2021 | 45:56 | Views: 9,100 | PDUs: 1.00 | Rating: 4.24 / 5

During a Crisis, managing projects become extremely critical as we may experience Cost & Schedule overruns, unidentified Changes & Risks that creates an imbalance. Focusing on Priority Knowledge areas of PMBOK during a crisis, helps us stay aligned to the Program GOAL's & the Organization Targets. An approach to consolidate the projects of a Program or a Portfolio in a single shell will be my call during this webinar - with my personalized model that can give an "Effective Approach".

See all Cost Management On-demand webinars

Save Time With Tools + Templates

Project Financial Analysis Template

PREMIUM deliverable
by Anand Pillarisetti

The project financial analysis template calculates key metrics to determine the business case for a project. The template is an Excel file that can be used by a project manager, project sponsor or a relevant professional to determine if a project should be pursued.

Project Portfolio Dashboard

PREMIUM deliverable
by Ahamed Sajid

The Project Portfolio Dashboard is a template for portfolio/project managers to present the status of multiple projects in one file. It helps the PMs to track the financial health of a project, and also helps highlight when actions are required for projects that have cost overruns. Most suitable for small to medium software development projects.

Sample Project Financial Management Plan

PREMIUM deliverable
by Kenyi Mitsuta

This template is meant to guide the preparation of a financial management plan for a project. Generally, these types of plans are used in construction projects with long-time execution, such as EPC projects. Depending on the type of project and the delivery method, this template must be adapted according to the contractual requirements and company standards.

Overview of the Project Management Process

presentation
by John Galyon

While actively participating in mentorship during a project with a local design/build firm, this practitioner compiled an overview of the project management process as detailed in PMI’s A Guide to the Project Management Body of Knowledge (PMBOK® Guide). Use this overview with other project managers as a tool to reference in your day-to-day PM activities (as well as share with new project managers).

Learn From Others

Capital Allocation Framework—A Strategic Perspective to Value Creation

by Vibhu Sinha

This paper aims to share a strategic perspective on capital allocation and how leveraging this capability, in collaboration with the corporate transformation office or project management office and corporate finance, portfolio managers can successfully steer organizations in pursuing value creation and maximizing shareholder value.

No More Project History Lessons! Adopt a Future Focus Instead

by Paul Bird

The attention paid to recording the recent project past can sometimes sound like a captain reading from a ship’s log—a very boring register that no one will ever want to read again. Instead, focus on the future.

4 Ways to Reduce Costs in Healthcare Design Projects

by Andrea Rufe, Andy Snyder and Molly Wolf

As operating costs and demand care continues to soar, it has become imperative to minimize financial risk in healthcare design projects. Here are four strategies that emphasize ongoing prioritization, repurposing, and collaborative delivery.

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.

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