Here’s the good news: an executive summary is short. It’s part of a larger document like a business plan, business case or project proposal and, as the name implies, summarizes the longer report. Here’s the bad news: it’s a critical…
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A lien is the legal right to hold onto property that belongs to another person until that person pays off their debt. It’s a form of collateral to ensure a debt is satisfied. This could be a sticky point in…
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An operating budget is a tool that helps business owners and project managers alike to look at the long-term financial needs of their organization or project. It’s instrumental in forecasting the budget needed to run your business or project. That…
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Construction projects are unique in that they require architectural drawings. These construction drawings are used for new construction, remodeling and nearly every type of construction project you can imagine. Building drawings aren’t a monolith, though. There are many types of…
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Projects need approval before they can be executed. A project charter is a project planning document that sells the project to stakeholders and sponsors. If you’re able to show its viability and return on investment, the work will get the…
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There’s always plenty of project management paperwork to create, get approved, file and archive. All project documents are important, but the Statement of Work (SOW) is easily one of the most important because it’s made at the outset of a…
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What Is a Project Proposal? A project proposal is a project management document that’s used to define the objectives and requirements of a project. It helps organizations and external project stakeholders agree on an initial project planning framework. The main…
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The scope of a project is the sum of all the work that needs to be executed. A project scope statement helps project managers define the boundaries of what will and what won’t be done. But scope statements aren’t just…
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A bill of quantities is an important document in construction project management. Making any building or structure involves many things, but few are as important as materials and labor. Without these two elements, there’s little use for a plan and…
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Before you can accomplish your project goals, you need to plan how to reach them. A work plan creates a clear path project teams can follow to reach their desired goals and objectives. Along that path will be resources, constraints…
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Every company needs a plan to determine how it will operate and position itself in the market. This is known as a business plan, which is one of the most important business management documents. What Is a Business Plan? A…
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There’s a lot of work involved in getting a project approved. You need to convince stakeholders or clients that the project is worthwhile. This should be done upfront and is usually accomplished via the project summary. That’s a lot of…
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A project description seems self-explanatory, but don’t underestimate a well-written project description as it sets your project up for success. It acts as a communication tool for stakeholders and shares the project vision in a clear and actionable fashion. Let’s…
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