There’s a lot riding on what project your organization moves forward with, especially if you’re managing a program or portfolio. The investment of money, time and effort can be huge, not to mention determining where to allocate your resources. The…
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Every project, regardless of the industry, uses a methodology to estimate time and cost to better plan projects. In the life sciences, engineering and construction industries, the method often used is called parametric estimating. When dealing with a project that…
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Resource management tools are an essential part of any project management software. Every project has materials, tools, equipment, people or resources to manage. No matter how good your project plan is, if you can’t manage your resources, your project will…
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A successful project starts with a successful estimate. To properly schedule the work to execute your project, you need to know the timeline, costs, scope, risk and more. All of these considerations are part of project estimation techniques. Estimation techniques…
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Managing a project requires more than planning and budgeting, it also requires scheduling. While deliverables are due at specific points on your project timeline, getting those deliverables completed on time requires scheduling your human resources with a resource calendar. In…
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Just as we only look at the building and often neglect the foundation that supports it, the architectural design process is the bedrock of construction project management. It’s a lengthy process that follows the construction project from inception to completion….
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Purchase management is critical to keeping an organization well-supplied. From purchase orders to inventory management, there needs to be a process to keep teams equipped with necessary supplies. How do you manage the purchase order processing? Let’s take a look…
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In project management, resources are the people, tools and materials necessary to get the project done. In other words, resources are important—and so is resource management. A resource histogram is a statistical tool used to manage resources. It’s a historical…
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Resources are what you need to execute your project plan—people, equipment and materials. Managing those resources is part of how you deliver a successful project. Each task in your project plan will have project resources like people, time and a budget…
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Construction projects will never get off the ground without financing. Money sets the gears of construction management in motion. Creating a construction budget, therefore, is one of the most important pieces when developing a construction plan. How do you create…
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There are many ways to contract work. But when the agreement is signed, it’s legally binding. Both parties must adhere to its terms and conditions. That’s why contracts vary from fixed-price contracts, in which the quoted price is final, to…
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There’s never enough time when managing a project. That’s why we make schedules—to try and control time, just enough to get your deliverable by the deadline. Sometimes, however, things go awry. Changes in a project are common of course, but…
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There are many aspects to planning a project. They tend to revolve around the triple constraint of time, cost and scope. One such orbit is resources. Resources can be impacted by all three of those constraints and therefore require a…
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