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How to Identify & Prevent Cost Overruns in Construction
Categories: Project Management ArticlesLearn more: How to Identify & Prevent Cost Overruns in ConstructionAvoiding construction cost overruns is a project priority second only to timely completion and avoiding them should be the top priority for any project manager. Budget overruns are the bane of any project, construction or otherwise, and these planning oversights are potentially disastrous, and unfortunately common. According to KPMG, less than a third of all…
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Tips for Project Management Budgeting
Categories: Project Management ArticlesLearn more: Tips for Project Management BudgetingA project budget is the tipping off point for any organized work effort. Project budget management is a crucial undertaking of coordinated effort between the project stakeholders and project manager. Keeping “on track and on budget” is the main expectation and priority after project kickoff. Any deviation can have sudden and noticeable impacts. Fortunately, there…
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Tips for Working Overtime & After Hours 2023
Categories: Project Management ArticlesLearn more: Tips for Working Overtime & After Hours 2023Ramping up resources to handle more work in less time is a common practice in business. Often, contractors and employees are eligible for additional pay, called overtime, for hours worked beyond the standard 40-hour work week. Overtime pay is different from shift differential pay, where employers pay more to employees who work a normal shift…
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Key Stakeholder Examples & Their Roles
Categories: Project Management ArticlesLearn more: Key Stakeholder Examples & Their RolesNo project exists in a bubble. Regardless of the size of your project, its success and implementation will involve individuals or organizations. The Project Management Institute describes stakeholders as “individuals and organizations who are actively involved in the project, or whose interests may be positively or negatively affected due to project execution or project completion.”…
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