Here are a few project budgeting tips to keep in mind when working on the project plan and the budget. Level of details of the budget depends on the culture of the company. (In fact, in many companies, the budgeting is taken care by financial specialists who take the planning details from the project or …
Let us understand the role of the portfolio manager and how it differs from the role of project and program managers. Unlike project and program managers, portfolio managers do not actually manage work or teams, although they may have a portfolio management team. They manage the intake and performance of the portfolio, as well as …
The Time value of money for projects is calculated not only in terms of money, but also in terms of: Return on Investment (RoI) Customer satisfaction Employee satisfaction Innovation Rate Customer Usage Customer retention …
Read more “Forecasting the Financial Stability of the Project”
Measuring Risks & Customer Satisfaction In my previous blogs, we discussed on creating an e-PMO dashboard to view the overall status of the project through meaningful metrics across various Knowledge Areas in a project. For this, I discussed each of the areas through a series of articles. 1) How to put project metrics into effective …
Measuring the Human Factor In my previous blogs, we discussed specifically on measuring Processes & Financials(see, How to track projects using e-PMO dashboard – I and How to track projects using e-PMO dashboard – 2 ) using a consolidated e-PMO dashboard. Now, let us look at measuring the most important element of the project – …
Measuring Financials In my previous blog we discussed specifically on measuring Processes using a consolidated e-PMO dashboard. Next, let us get to know more on how we can measure and use financial measures to effectively track Projects. Re-iterating the key points for measuring project progress…. 1) Ensure that the metrics are aligned with the organisational or …
Tracking Progress Having discussed on how to track projects effectively using metrics from a PMO perspective, (see How to use Project Metrics into effective use) , let us now look into each of the measurement aspect using e-PMO dashboard. Revisiting some of the key points again…. First and foremost: 1) Ensure that the metrics are aligned …
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