Cost risk in project management

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!

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Securing continued project funding

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…

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Adding numbers for project report

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…

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Example project cost trend analysis template

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…

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Calculating project over and under runs with trend analysis

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…

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Project Procurement

PMO tools – project procurement

Details of the practical aspects of project procurement when mobilising project or Project Management Office (PMO).

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Project financial planning

PMO tools – project financial planning

Simple, easy to follow guide on the steps a Project Management Office (PMO) should implement for project financial planning.

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Project business case

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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