Fri, 30 Jan 2015 04:50:47 GMT The Money Files http://www.ProjectManagement.com/blog/The-Money-Files/ A blog that looks at all aspects of project and program finances from budgets and accounting to getting a pay rise and managing contracts. 5 Ways to create a budget http://www.ProjectManagement.com/blog/The-Money-Files/11426/ Tue, 06 Jan 2015 11:41:42 GMT Blank spreadsheet, new project. Where do you start? Here are 5 options for creating your new project budget. Bottom up This is my personal choice most of the time. Work out the cost of the individual items included in your project budget and then you add them up to get the big picture. Simpl... 5 Facts From Program Management [Slideshare] http://www.ProjectManagement.com/blog/The-Money-Files/11424/ Tue, 06 Jan 2015 10:53:42 GMT Project Cost Management: Controlling Costs http://www.ProjectManagement.com/blog/The-Money-Files/11423/ Tue, 06 Jan 2015 10:33:34 GMT Last time in this series about project cost management I looked at the process for determining your budget. Today I want to cover the last process: controlling costs. The main purpose of controlling your project costs is to understand where you are creating variances (i.e. over or under spending) so... What makes up your overall project budget? http://www.ProjectManagement.com/blog/The-Money-Files/11422/ Tue, 06 Jan 2015 09:51:26 GMT The project budget isn’t just one big lump sum of cash. It’s made up of various different components, and if you understand how it all fits together then it’s easier to manage it. The diagram in A Guide To The Project Management Body of Knowledge (PMBOK Guide) – 5th editi... 5 Facts from Benefit Realisation Management [Slideshare] http://www.ProjectManagement.com/blog/The-Money-Files/11324/ Fri, 19 Dec 2014 11:27:56 GMT   This presentation shares 5 facts from Gerald Bradley's book about managing project benefits: Benefit Realisation Management (2nd Ed). Career trends: the picture from 2014 http://www.ProjectManagement.com/blog/The-Money-Files/11253/ Fri, 12 Dec 2014 11:43:33 GMT Did you get a new job in 2014? Or are you hoping to get one next year? ESI have released a new report that looks at career trends over the last 12 months. Starting salaries As this in the inaugural report, ESI don’t have historical trend data on starting salaries. Even so, their assess... 15 Things You Should Have Done This Year on Your Project Budget http://www.ProjectManagement.com/blog/The-Money-Files/11252/ Fri, 12 Dec 2014 11:17:45 GMT And as another year draws to a close it’s time for some reflection. With all the rushing and deadlines and pressure to get tasks done, how well did you do with hitting all the best practices you know you should have? Here are 15 things that you should have done this year related to your pr... Project Cost Management: Determining Your Budget http://www.ProjectManagement.com/blog/The-Money-Files/11180/ Tue, 02 Dec 2014 15:00:35 GMT The last part of this ongoing series on project cost management looked at the estimating process. Today we’re going to look at how to determine your budget. What’s the process for? This process is where you establish the overall cost of the project. At the end of the process you&... 5 Tools for Project Budgeting [video] http://www.ProjectManagement.com/blog/The-Money-Files/11170/ Fri, 28 Nov 2014 13:45:14 GMT 3 Levels of Risk Management http://www.ProjectManagement.com/blog/The-Money-Files/11125/ Sat, 08 Nov 2014 15:59:25 GMT At the PMI Hungary Chapter international Art of Projects conference in Budapest this month, Rick Graham spoke about risk management in the globalised world. He talked about how Monte Carlo analysis is used to establish risk and how companies gather sophisticated data to make good decisions about the...