A project isn’t a success when it finishes on time and within budget: the real test of its success or failure is stakeholder satisfaction. If the quality isn’t up to their standards, then no matter how efficiently the project was…
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All projects use reporting to monitor progress and performance, but in construction, reporting is especially important. Construction reports are more varied and chart everything from project status to incidents and compliance. First, let’s define what construction reporting is and then…
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What Is Project Reporting? Project reporting is one of the key responsibilities of any project manager. Project reporting consists of creating different types of reports to track project schedules, project budgets and project progress to keep project stakeholders informed. No…
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What Are Deliverables In Project Management? Projects produce deliverables, which are simply the results of project activities. Project deliverables can be big or small, and their number varies depending on the project. They’re agreed upon by the project management team…
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Whether you’re running a company or a project, you’re going to have to deal with a budget. A budget is the spending plan that you forecast using estimates of income and expenses. To ensure you’re keeping to that ever-important operating…
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Documentation is required in any project, but even more so when it comes to construction project management. Construction projects demand regular and detailed reporting during execution so you can review and analyze your progress. This data is delivered in the…
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Tracking what you do is essential to proper execution. Without a clear picture of where you are, you’ll never have a clear path toward where you need to be. Regarding project management, an audit trail is a way to deliver…
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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…
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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…
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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…
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For a successful project, you need an overall picture of your work performance information (WPI). Performance reporting provides that information by putting performance measurement, quality assurance and accountability data in context. Performance reports (like a project status report) do more…
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Managing construction projects is complex and stressful. You may stick to your schedule and budget, but if your project doesn’t meet quality acceptance criteria, then you’re not just going to upset your stakeholders; you might face down lawsuits. Quality means…
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Throughout the life of a project, project managers check in on progress and compare it to the project plan—comparing their predictions to reality. If they don’t do this regularly, odds are the budget will suffer and their project will fail…
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