Whether you call it a material takeoff, quantity takeoff, construction takeoff or simply takeoff, the reference remains the same. Material takeoff is part of a detailed and effective construction cost estimate. The more accurately you can forecast your construction project…
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Fast, cheap or good — choose two. Are you tired of hearing that? One of the biggest challenges that every project manager faces is project constraints. Not only do project constraints limit a project, but they can quickly endanger its…
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Projects require many resources. Everything from the people you’re working with and the equipment they’re using, to the materials and other supplies you need to even the site where you’re working falls under the umbrella of project resource allocation. Let’s…
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Lean manufacturing addresses one of the worst things that can happen to any enterprise: waste. To not take full advantage of all of your resources is to lose efficiencies and, in so doing, stunt production and fail to offer value…
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When you initially learn about resource tracking, you might wonder how it differs from project management. While there are similarities between the two, resource tracking helps support the project management process. Let’s establish the basics before we move on. Resources…
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Resource analysis may seem complicated, but it isn’t as tricky as it sounds. Consider that resources are people, equipment, materials and anything else needed to execute the project tasks. This means that resource analysis in project management is the process…
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What are you going to put on your product roadmap? It’s not an easy question. Which product gets the green light? What features need priority? The RICE framework provides a scoring model for product managers when prioritizing roadmaps. RICE is…
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Project managers love a good plan. It takes what might be an overwhelming project and structures it in such a way it can now be methodically executed. Everything is within control. It might sound boring, but stakeholders are not buying…
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Marketing is essential to connecting your product or service with an audience. But that process isn’t cheap. There are many marketing expenses such as ad buys, graphic work and copywriting to name only a few things. A marketing budget is…
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Executing a plan, whether a project or a larger organizational strategy, is pointless without monitoring its progress and performance. Expecting everything to fall into place ignores inevitable risks and changes when abstract plans live in the real world. This is…
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If something bad is going to happen on a project, it’s likely related to time, cost or scope. Project managers are well aware of this and spend much of their project planning efforts to avoid negative risk and its potential…
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Projects always need resources such as materials, labor and equipment, which generate costs. Those costs must be estimated and controlled throughout the project life cycle to complete the project. What Is Project Cost Management? Cost management is the process of…
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General contractors strive to maintain each job’s profit margin, so it makes sense that the construction project will be monitored closely to ensure it’s progressing as planned. A work-in-progress (WIP) report is one of the tools used to track the…
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