Your Guide to Project Management Best Practices

Author: Eric Morkovich

project budget and financial resources

Project Implementation Guide

Project Budget and Financial Resources

Developing the project budget is a process for allocating administered and departmental funds necessary to build a financial foundation for producing stated project deliverables. When we talk about the project budget and financial resources we mean the solid framework that helps project managers to deal with the “on budget” part of the project implementation process. This framework involves cost planning and control. For successful delivery of the project product, the project manager should effectively estimate costs, track expenditure over time and adequately react to situations when the financial resources are over-spent or under-spent, or there are opportunities for savings in the project budget.

activities planning & scheduling

Project Implementation Guide

Project Activities Planning and Scheduling

Project time management includes two high-level groups of processes for planning and scheduling project activities and tasks necessary for timely completion of the project. Project activities planning and scheduling is the first process group of project time management. Developing the project implementation schedule is the second group. In this article we will review the planning and scheduling process group. We will talk about the key actions the project manager must take to undertake project activities planning and scheduling in an efficient manner.

project implementation schedule

Project Implementation Guide

Project Implementation Schedule: The Key Components

A well-designed project implementation schedule clarifies and describes what the project should deliver and within what time-frames. In this article you will read on how to create a time-related framework that helps project planners to deal with the “on time” part of the project objectives and what needs to be outlined to produce deliverables and achieve goals on schedule, within budget and according to expectations.

Project Governance

Project Implementation Guide

Project Governance as a Linkage Mechanism

As a project gets into the initiation phase, it requires an effective linkage mechanism that ensures alignment between the strategic project objectives and direction, and the path to planned outcomes over the implementation life-cycle of the project. In other words, such a mechanism must help sustain the project’s potential to deliver the stated benefits. Moreover, this mechanism must provide oversight and control over the project during the execution process. It must help managers and leaders to assess the project’s current progress and adjust content and direction to the objectives if necessary. The mechanism should also allow senior management to refine the definition of success and maintain alignment with the evolving project plan.

steps of the project planning process

PM Tips & Ideas

The Planning Process – Ten Simple Steps to Planning a Project

The project planning process is one of the high-level management processes that make the project lifecycle. It is a complex of tasks for setting up a project plan and also defining subsidiary plans. The project planning process is closely linked to the planning phase which is the second phase within the project lifecycle, according to the PMBOK methodology. It comes after the Initiating Process Group (by PMBOK) and the Direct Project (by PRINCE2). For some project managers, planning a project is a real challenge and sometimes they feel confused when trying to define a problem, develop a strategy, build a WBS, establish communications, build teams and so on