Cost Risk in project management (and how to manage it)
A guide to Cost Risk in project management and how a Project Management Office (PMO) can help manage it!
Overview: Securing continued project funding
This post is going to cover the important topic of continued project funding. While a lot of effort goes into preparing the original business case and securing the original budget, the reality is that this is only the first budget approval of many over the life time of a project. The Project Funding Challenge It…
PMO Tip – make sure your numbers add up in your project management reports
This may sound like a strange statement, “make sure your numbers add up in your management report”. However, the fastest way that a PMO can lose credibility, is by publishing reports with mathematical errors. This is very frustrating as a small slip, taking your eye of the ball due to being busy and, a reputation…
Example of simple PMO cost trend analysis tool
The last post, How a PMO can use cost trend analysis to identify project budget under and overruns, it covered how using cost trend analysis can help a PMO quickly identify where there may be budget issues. This post will cover a simple approach that can be used to conduct this analysis. Objective The objective…
How a PMO can use cost trend analysis to identify budget under and overruns
One of the responsibilities of project manager is to manage the project budget. This covers, estimating the initial budget (in most cases or at least reviewing), creating a monthly budget plan, tracking progress (actual) spend and then re-forecasting budget required (known as the estimate to complete – ETC). Unfortunately, while some project managers are very…
PMO tools – project procurement
Details of the practical aspects of project procurement when mobilising project or Project Management Office (PMO).
PMO tools – project financial planning
Simple, easy to follow guide on the steps a Project Management Office (PMO) should implement for project financial planning.
5 reasons why a project should have a business case
Learn the 5 reasons why every project should have a signed-off business case. Easy to follow guide.
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