What Is a Construction Contract? In simple terms, construction contracts are legally binding agreements that explain the work to be performed by a general contractor and the payment that will be made by a project owner. They play a very…Read More
Construction project management covers a massive number of projects and there are all sorts of builds associated with it. Most people think of the housing market when they think of construction, especially single-occupancy homes, but that’s only a small fraction…Read More
Whether you’re managing a traditional, agile or hybrid project, they all have one thing in common: documentation. Depending on the methodology, project management requires a lot of paperwork, which is why records management is so important. Records management helps control…Read More
Businesses go through a lot. Managers must always be aware of the internal and external factors that can impact their business growth such as economic fluctuations, new competitors, new market trends and more. One of the most common threats to…Read More
Project manager vs. program manager. The two roles often differ in their day-to-day tasks and the overarching approach to their role. Program managers are more strategic in their thinking and deliverables, while the project manager is often working on day-to-day…Watch
To stick to your project budget, you have to track costs. Project accounting, as with general accounting, is a method by which project managers can manage project finances. Project accounting is not the same as balancing your checkbook or even…Read More
Most people think integrity means being honest. While this is true, the word has another meaning that’s important to project management: the state of being whole and undivided. In a sense, you could call organization design the approach to creating…Read More
A project has a beginning and an end, but without an objective, it’s a rudderless ship. In order to steer your project successfully and land in a safe harbor, you’re going to have to define your project objectives. What Are…Watch
Avoiding cost overrun is key to closing a successful project. The quality of deliverables and a timely execution can go out the window if the project is delivered over budget. Of course, it’s easy to say you’re going to keep…Read More
Software development estimation is an essential part of many projects. Even before the planning stage, it’s critical to create an accurate forecast of the project’s duration, costs and more. Despite its importance, software development estimation is often overlooked. Maybe that’s…Read More
It’s a cliché to say that projects rarely deliver as planned, but it’s only a cliché because it’s true. As project issues arise, it’s important to take action. But how do you know what action to take? That’s where an…Read More
Well-run organizations don’t fly by the seat of their pants; they’re constantly working on business forecasting and business planning. Every decision and every process is based on data obtained from business forecasting, business intelligence tools, market research and scenario planning….Read More
Today’s hyper-competitive world can be a tough place for many businesses. Large companies are always looking to produce better products while reducing costs, customers’ needs evolve and the world economy fluctuates at large. In a sentence, your business will face…Read More
You’ve been tasked to lead a project and create a project plan only to learn that it’ll be reviewed by a steering committee. Or maybe you don’t currently have a steering committee for your business but you’re interested in assembling…Read More
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