Excel project budget templates are one of the most popular tools to create a project budget. However, Excel isn’t the best tool for project budgeting as it doesn’t allow project team members to collaborate online, sharing files among team members…
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To ensure that your project is meeting scheduling and budget milestones, you need to have project metrics to measure your progress and performance. Project metrics are essential to delivering a project on time and within its budget. But what are…
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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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In this blog, we’ll provide an overview of the most commonly used project reports, including examples and sample project reports you can download. What Is Project Reporting? Project reporting is one of the key responsibilities of any project manager. Project…
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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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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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There are lots of project management software apps that feature a dashboard, but not all dashboards are the same. There are dashboards that offer true business intelligence (BI) dashboards, project status dashboards, project portfolio dashboards, and task status updates, to name…
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The status report is a key component to any good online project management software, and Jennifer Bridges, PMP, shows you how to make yours cleanly hit their target. Here’s a shot of the whiteboard for your reference! In Review: Secrets…
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