Project managers use budgeting tools and techniques to create financial data that ensure a project is funded adequately and can be completed within the allotted budget. Using models, templates and ...

How much will this project cost? This is probably one of the most difficult (and intimidating) issues faced by project managers. It is also a question of mandatory response. To begin with, in order to ...

In the big picture world of project management, ensuring the overall success of a project is a project manager’s top priority. If a project goes wildly over-budget (as they often do), it will not be ...

Most of us are all too familiar with budget overruns. We’ve all had those projects that end up over budget, and we’re left wondering why. Keeping projects on budget is extremely important for overall ...

Facilities uses a graduated project management fee system. The fee structure is based on project cost, with no difference in the fees charged by Facilities Design & Construction and Facilities ...

When evaluating investments in long-term projects, you must be able to estimate the relative profitability of each project. Capital budgeting is a financial tool to help estimate this value. The ...

Keeping track of the time is an integral component of project management. Time tracking helps to streamline business processes and boost team efficiency. Fortunately, you don’t have to manually track ...

Clients are demanding more for their money now than ever before. And they're getting it, either by hiring firms that use outside attorneys who charge as little as $75 an hour or by sending work ...