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Financial Management

What is Management Reserve in Projects
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PMO Tips #16: What is Management Reserve in Project Management?

A quick guide to explain what is Management Reserve in Project Management. The 8 best times to use the reserve and 4 effective management reserve practices.
Reducing PMO Headcount
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How to Reduce Headcount in Your PMO Following Budget Cuts

A guide to help when you have to reduce the headcount in your Project Management Office (PMO).
How to deal with PMO budget cuts
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What to Do When Your Project Management Office Budget is Cut

A guide to the action you can take when your Project Management Office (PMO) budget is cut.
How to cope with project budget cuts
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How to Cope When Project Budgets Are Slashed in Your PMO

A guide to the action you can take to cope with Project Budgets being slashed in your Project Management Office (PMO).
Dealing with PMO budget cuts
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How to Deal with Project Management Office Budget Cuts

A guide to how to deal with budget cuts in your Project Management Office (PMO).
Cost risk in project management
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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!
Securing continued project funding
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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,
Adding numbers for project report
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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
Example project cost trend analysis template
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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
Calculating project over and under runs with trend analysis
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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
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