Your Guide to Project Management Best Practices

project procurement management process

Project Implementation Guide

Project Procurement Management: 5 Steps of the Process

Managing project procurements and acquisitions requires the project manager to efficiently collaborate with the purchasing department on the process of planning and managing procurements. Project procurement management is a section of the implementation plan to determine how “the ordered products necessary for producing deliverables can be delivered on time and within the allocated budget”. Note that the “Procurement Management” section of the implementation plan will be necessary only for projects that have to deal with substantial buy-in of expertise or capital items. For any other projects where there is no high level of procurement expenditure it is enough to include a procurement item list and a vendors list in the project implementation plan

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.

Project WBS

Project Implementation Guide

Developing Work Breakdown Structure (WBS)

When all the deliverables of the project are defined and the scope is clearly stated, the project manager needs to answer this question: How to make relationships between the deliverables and project work? A work breakdown structure (WBS) is the way to do this. A WBS creates links between the deliverables and their numerous components at all possible levels of project work. It serves as a foundation for planning and defining 100% of the work planned for completion.

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.