The Commercial Project Manager

The client called the project manager to ask if the final performance test and approvals meeting could be moved to Friday, one day delay, ‘it would fit in really well because Sarah (Technical Manager) will be in the office’. No problem, agreed the Project Manager, looking forward to the final sign-off, invoice issue and associated $200,000 balance payment.[1] The PMBOK[2] contains the word ‘cash’ three times, only once referring to ...

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Budgeting for Project Scope Change

Managing change is one the most difficult areas of project management. Hardly do you find a project not affected by change. The success of your project delivery depends to a larger extent on the effectiveness of the organisation’s change control process. Effective change control involves a well-thought-out procedure for reviewing, analysing and accepting or rejecting requests for change in order to limit the potential damage to the scope. The control ...

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How to create a project budget

Creating a project budget revolves around being able to identify all the items that are going to cost money so you can build a complete picture of what you need to spend. I have left items out of several project budgets and I can tell you that it’s pretty embarrassing having to ask your project sponsor to approve spending from the reserves because you messed up. So it’s worth spending ...

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5 Things You’ve Forgotten To Budget For

Project managers should be comfortable putting together a project budget, based on thorough estimates and a good assessment of what the project needs. After all, financial management and project budgeting is one of the core skills for a project manager, and in reality it isn’t much different to running your household expenditure, except the figures in many cases are a lot larger! Even if you are confident at budgeting there ...

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Over Budget and Late but a Great Success!

I recently watched a programme, Coast on the BBC, about the Caledonian Canal in Scotland; so that counts as a water based activity (sort of). Today the Caledonian canal is described as 60 miles of Scottish Highland splendour amid outstanding unspoilt scenery. Slicing through the Great Glen, this majestic canal is considered by many as one of the greatest waterways of the world. Four natural lochs – Loch Lochy, Loch ...

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