Before you engage with a new project, there are certain things you have to know. Is the cost worth the return? Can you get it done properly by the deadline? Do you have the resources? Resource forecasting is how you…
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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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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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Your most valuable resource is your team. They’re the ones get the work done according to the schedule and budget approved. It’s not an easy job. You need to support them, but you must also manage your team so they’re…
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Resources are not just team members or equipment, Jennifer Bridges, PMP, says, but a process to deliver a product. Here’s a screen shot of the whiteboard for your reference! In Review: Jennifer began with misconceptions about what resources in fact…
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What is resource planning? The short answer is that resource planning is the step in writing a business plan where you identify all the resources in a proposed project. Sounds simple enough. But coming up with a summary to manage your…
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