Cost Management

Executive oversight of projects can be challenging, especially for executives with little experience with projects. Many executives rise through the ranks of the operations side of the business, using Key…

Budget overruns are a project manager’s nightmare. These project budget management strategies will keep your project budget under control — and your stakeholders happy. Budget overruns are a litmus test…

Meeting project goals means developing steps to meeting project delivery dates and budgets. Project managers who follow these seven high-level project management tips will achieve on-time, on-budget, goal-focused delivery of…

Triple constraint is a term often heard in project management. This is related to time cost quality. But how does it translate into achieved or missed project and organizational objectives?…

Planning and managing a project involves many elements that cannot be all included in one article. However, they can be grouped into three major categories: Product, People, and Process. Product:…

Progressive elaboration is a key concept in the discipline of project management. Projects are always evolving and often require a detailed project manager to revisit baselines and modify them with…

“It’s not the amount that counts, it’s the plan that counts” – Jim Rohn. Recently, an email caught my eye from one of my many subscriptions. The title read something…

What is the purpose of your project or project justification? Are you able to build a strong business case for your next project? Life is difficult. People make it more…

As a tool to allow people to prepare for the resolution of unexpected issues and conflicts that may arise between parties, a contract penalty clause is widely used as a…

If you have taken a risk management class or worked on a risk register, you would have covered the Expected Monetary Value (EMV) formula when trying to associate a cost…