Project Hero Blog - Weekly Best Practices and Tips

Project Management for Aspiring, New, and Accidental PMs

 

Search with The Project Management Search Engine by PMConnection. Search across only the Great Websites listed at PMConnection.  See the list here.

Look Before the Project - Part II cost management project integration management Jul 14, 2019

Last week we looked at the BCR -- Benefit-Cost Ratio as a way of evaluating a project. This week I'd like to look at a related technique -- Total Cost of Ownership (TCO). The purpose of many projects is to introduce a new product or service. Often this new product or service has a later ongoing...

Continue Reading...
Look Before the Project - Part I cost management project integration management scope management Jul 07, 2019

For the next few weeks, I'd like to take a closer look at initiating projects, with special attention to costs. This is an area of weakness for many who jump in to do work before looking at the consequences or rewards. Rather than use a microscope, you need a telescope to see to the far and of...

Continue Reading...
Cheapest Isn't Always Least Expensive cost management Jun 16, 2019

When selecting any resource of any type for a project, always keep in mind the automatic selection of the "cheapest" won't always be the least expensive option. This is why we have competitive bidding for major contracts -- we get a peek at the other dimensions. Does the resource meet our needs?...

Continue Reading...
Keeping Your Projects on Track with Earned Value cost management schedule management scope management Jun 02, 2019

A lot of folks in San Diego wonder how the construction of Petco Park, a managed project, could have possibly spent all the funding before it was half completed without anyone knowing. While I certainly don't have proof as to the actual cause, there is a very good way a project can get into this...

Continue Reading...
Earn Your Value - Part III cost management schedule management scope management May 19, 2019

To recap parts one and two of this post, we saw:

- how earned value is useful for monitoring both costs and schedule
- the basic formulas used to see if our projects are off track (and by how much)
- the recommendation that earned value be looked at weekly
- the ideal values for cost and schedule...

Continue Reading...
Earn Your Value - Part II cost management schedule management scope management May 12, 2019

Last week we looked at the basic principles and formulas surrounding Earned Value Management. While the full practice of EVM may be very complex, it also provides a simple way to update clients on the status of smaller projects. But before we look at the "how", let's take a look at the "how...

Continue Reading...
Earn Your Value - Part I cost management schedule management scope management May 05, 2019
As I was thinking about what to write this week, I noticed my only mention of Earned Value Management was both brief and some time ago. It's an important topic, so I'm going to devote my next three entries to it. This week, we're going to look at the basics. Next week, we'll look at how to report...
Continue Reading...
5 Tips to Control Your Project Budget cost management Mar 17, 2019

Once project execution begins, you will need to track your budget regularly. Here are five tips to help you control your budget:

  1. Review progress weekly: Update schedule and budget actuals, check for trends, and take corrective actions as required to get back on track. Record the changes so you...
Continue Reading...
5 Tips to Create a Good Project Budget cost management Mar 10, 2019

Starting a project with a proper budget is one of the best ways to be able to manage the budget. Here are five tips for creating a solid budget:

  1. Develop a deep understanding of project requirements: Know what the stakeholders really need and want so your budget is stronger. Don't forget to do a...
Continue Reading...
The Importance of Confidence and Estimates cost management schedule management Feb 13, 2019

As a project leader, it's critically important to be earnest - have an intense conviction and confidence in the plan. Staying calm and confident is reassuring to the team, sponsor,  and stakeholders alike.  The team will take their cues from you, follow your lead, and rise to meet any...

Continue Reading...
"PLAN" is not a Four Letter Word (Part II) cost management project integration management Jan 20, 2019

Moving forward ten years, I found myself as a program manager responsible for several projects related to a $10M+ Unix rollout. A colleague was responsible for the procurement and hardware side of the operations while I was tasked with getting a workstation into the hands of 400 developers in 16...

Continue Reading...
1 2
Quick Links
Follow Us
Contact Us

PPC Group, LLC
3450 3rd Avenue
Suite 309
San Diego CA 92103

Email: [email protected]