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Tag Archives: budget

Performance Based Leadership

Let me start by asking a few questions… Do you want to get your projects done? Do you want people to enjoy working for you? Do you consider yourself a performance-based leader? Project Managers need to be able to lead a team to achieve results on time and on budget. Your team members may not…

Integrating “Top down” Budgeting and Financial Tracking with Microsoft Project

  Project Management Institute (PMI)® Professional Development Units (PDUs): This Webinar is eligible for 1 PMI® PDUs in the Technical category of the Talent Triangle. Event Description: Practically every IT organization does annual budgeting for major projects and operational efforts, and then monthly forecasting using a cost breakdown like Labor, Hardware, Software, T&E, Contingency, etc.,…

Integrating Top Down Budgeting and Cost Management with Microsoft Project

If you are an IT Project Manager, you’ve probably faced a moment where you’ve said something like this to yourself, “I’ve been appointed as the PM for this major project. It’s starting soon, but the preliminary budget was created many months ago. I have to do a more detailed budget now, and start the task…

Contingency Reserve and Management Reserve

Let’s say you are going to a friend’s house, and you expect it to take about an hour to get there. In your city; however, traffic is known to cause delays. If a traffic jam occurs, it will impact your arrival time. You’ve informed your friend about the possibility of delay—say by 20 to 30…

The Ins and Outs of Budget Planning within Project Management

Budget planning takes your project management to a different level of efficiency and transparency. Research conducted by McKinsey & Co. and the University of Oxford reveals that half of all large IT projects run 45 percent over budget and seven percent over time. These overruns occur while delivering 56 percent less value. Yikes! Many of…

How New Technology, Better Collaboration, Simulations and Modular Designs Make for Project Success: An Examination of Nuclear Submarine Building

Some of the largest and most expensive projects completed of late have been fraught with huge time & cost overruns. These unexpected delays and expenses cause partial or full project failures with much hardship for all involved! Yet there have been a few cases where multi-billion dollar projects have been completed on time, under budget…

Earned Value Demystified

What is Earned Value Analysis? žEV is KPIs that measure the Cost and Schedule performance of a project. žIt’s like a traffic light (green, orange and red), but better. Here are the main blocks of the EV calculations: So What? Earned value indicators that are variances or ratios can help you determine if there is enough money left in…

Webinar: Project Budgeting and Cost Tracking with Microsoft Project 2010-2013

  Project Management Institute (PMI)® Professional Development Units (PDUs): This Webinar is eligible for 1 PMI® PDU in the Strategic Category of the Talent Triangle. Event Description: Budgeting and Cost Tracking is one of the PPM Building Blocks of Proactive Scheduling. This webinar will show you how to set up your project so that you can…

Webinar: Project Talk – “It’s Budget Time! What’s In Your Portfolio?” Getting started with Strategic Portfolio Management Part 2

Please log in above or start a free trial to view this video   Project Management Institute (PMI)® Professional Development Units (PDUs): This Webinar is eligible for 1 PMI® PDU in the Strategic Category of the Talent Triangle. Presented by Matt Davis and John Riopel Project Talk is an interactive ‘radio show’ and web-session with real-time…

Webinar: Project Talk – “It’s Budget Time! What’s In Your Portfolio?” Getting started with Strategic Portfolio Management

Please log in above or start a free trial to view this video   Project Management Institute (PMI)® Professional Development Units (PDUs): This Webinar is eligible for 1 PMI® PDU in the Strategic Category of the Talent Triangle. Presented by Matt Davis and John Riopel WebnLearn: Project Talk – The Live Web-Radio Talk Show from MPUG…

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