When you initially learn about resource tracking, you might wonder how it differs from project management. While there are similarities between the two, resource tracking helps support the project management process. Let’s establish the basics before we move on. Resources…
Read More
Resource analysis may seem complicated, but it isn’t as tricky as it sounds. Consider that resources are people, equipment, materials and anything else needed to execute the project tasks. This means that resource analysis in project management is the process…
Read More
What are you going to put on your product roadmap? It’s not an easy question. Which product gets the green light? What features need priority? The RICE framework provides a scoring model for product managers when prioritizing roadmaps. RICE is…
Read More
Project managers love a good plan. It takes what might be an overwhelming project and structures it in such a way it can now be methodically executed. Everything is within control. It might sound boring, but stakeholders are not buying…
Read More
Marketing is essential to connecting your product or service with an audience. But that process isn’t cheap. There are many marketing expenses such as ad buys, graphic work and copywriting to name only a few things. A marketing budget is…
Read More
Executing a plan, whether a project or a larger organizational strategy, is pointless without monitoring its progress and performance. Expecting everything to fall into place ignores inevitable risks and changes when abstract plans live in the real world. This is…
Read More
If something bad is going to happen on a project, it’s likely related to time, cost or scope. Project managers are well aware of this and spend much of their project planning efforts to avoid negative risk and its potential…
Read More
Projects always need resources such as materials, labor and equipment, which generate costs. Those costs must be estimated and controlled throughout the project life cycle to complete the project. What Is Project Cost Management? Cost management is the process of…
Watch
General contractors strive to maintain each job’s profit margin, so it makes sense that the construction project will be monitored closely to ensure it’s progressing as planned. A work-in-progress (WIP) report is one of the tools used to track the…
Read More
Projects are made or broken by how time is managed. Planning, scheduling, monitoring and controlling are all key elements of project management that work to ensure the time spent and progress made over the life cycle of the project is…
Read More
There’s a limited amount of time and resources for every project. As projects unfold, you may encounter challenges and unexpected events that force you to rethink your resource allocation and make changes to your project schedule. Resource leveling can help…
Read More
Workload management is a critical part of executing any project; projects are executed by people and as a project manager, you must ensure that your team’s workload is balanced. Project teams look to project managers to clarify what they should…
Read More
One of the main responsibilities of any project manager is to track project resources so they’re available whenever they’re needed. To do so, they must measure resource utilization. By calculating resource utilization, project managers and employers have a better idea…
Read More
