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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What are you going to put on your product roadmap? It’s not an easy question. Which product gets the green light? What features need priority? The RICE framework provides a scoring model for product managers when prioritizing roadmaps. RICE is…
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There’s a limited amount of time and resources for every project. As projects unfold, you may encounter challenges and unexpected events that force you to rethink your resource allocation and make changes to your project schedule. Resource leveling can help…
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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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What Is Project Cost Management? Cost management is the process of planning and managing the budget of a business or project. In the case of a project, it helps the project manager estimate what the project will cost and set…
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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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Whether you call it a material takeoff, quantity takeoff, construction takeoff or simply takeoff, the reference remains the same. Material takeoff is part of a detailed and effective construction cost estimate. The more accurately you can forecast your construction project…
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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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