Fri, 09 Oct 2015 20:06:49 GMT 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. How Much Do Meetings Cost You? Fri, 09 Oct 2015 04:00:03 GMT Today I wanted to share this infographic on the cost of unproductive meetings. I work virtually a lot of the time, but that doesn't generate half as many meetings as when I am physically in the office with my colleagues. Perhaps it's because when they see me they are keen to chat, or perhaps... How to Construct Your Project Budget Fri, 02 Oct 2015 13:07:43 GMT Olivier Lazar gave a presentation at the PMI Global Congress EMEA earlier this year and he talked briefly about how to construct your project budget. I wanted to share some of his ideas and some of my own here. So, let’s look at the three components of a project budget. 1. The Budget... 4 Estimating Terms You Need To Know [Videos] Fri, 25 Sep 2015 03:59:56 GMT This article summarises four of the key terms that you'll come across when you start working with project estimates. Bottom up estimating This estimating term describes how you break down your project and estimate (as the name suggests) based on the smallest components. Watch the vi... Questions from PMXPO 2015 Fri, 18 Sep 2015 19:16:59 GMT   In this video I discuss some of the questions raised during my presentation at PMXPO this year. For more on managing project budgets on the cheap, see this article on communicating on a budget. 4 Initiatives for Improving Major Projects (And Small Ones) Tue, 15 Sep 2015 03:59:58 GMT At EVA20, London’s alternative project management conference which was held earlier this year, Sir Tim Laurence, Chair of the Major Projects Association, talked about the initiatives that are in place for improving major projects. The MPA was set up 30 years ago to share experiences, knowle... How to Use Your Budget to Anticipate Risks Fri, 04 Sep 2015 13:54:55 GMT I’ve been going back over my notes from the PMI Global Congress EMEA which was in London earlier this year and I realised I hadn’t written anything about Olivier Lazar’s presentation on budgeting and risk. I wasn’t sure what to expect but he raised some good points about ensu... 8 Expert Interviews To Improve Your Projects Tue, 25 Aug 2015 08:17:01 GMT Over the years I have interviewed some great project management experts on this blog. Today I want to round up eight of my favourite expert interviews. They are all packed with tips to help you manage the difficult times on your projects. Enjoy! Jason Westland on budget management processes &l... 20 Project Cost Management Terms You Need To Know Wed, 19 Aug 2015 11:56:28 GMT There is a lot of jargon around project cost management – personally I think it is one of the areas of project management most laden with new terms to learn. Here are 20 budgeting and financial management terms that you need to know. 1. Forecast/Reforecast Predicting future expenditure b... The Future of Your PMO is Safe... Thu, 13 Aug 2015 13:34:35 GMT ...At least, that's what a survey by ESI would have you believe. The funding for PMOs has historically been a bit iffy. That's not a technical term, by the way. PMOs have struggled to prove their value and there is a cyclic effect when times are hard in business: PMOs start to lose their funding an... 6 Tools for Project Cost Control [Video] Mon, 03 Aug 2015 10:33:01 GMT In this video I discuss the 6 tools and techniques related to project cost control.