If your team is like most, you maintain a view into how your project budget forecasts stack up against actual expenditures. You also probably monitor spend to ensure you stay within your approved budget limits. But is that all you’re doing? If so, you’re missing out on important insights that could help you be more efficient,…
project budget
Fix These Common ERP Project Budget Problems
August 6, 2021 by
Project budgets can be tricky to develop and manage, even when executing a relatively simple initiative with a limited scope. ERP implementation efforts—with their large budgets, long durations, and broad operational impacts—have the potential to encounter even more financial challenges. To help protect your budget and ensure you have the right level of resources to…
Get the Most Out of Your Project Spending
October 19, 2018 by
Project teams are often tasked with minimizing the dollars going out the door by keeping an eye on project spending. Many of the initiatives they plan and execute are intended to save the company money in the long run. Of course, while the project is in progress and tasks are being completed, the team is…
Control Conflict With A Skilled External Facilitator
January 27, 2016 by
Most project teams endure conflict without a hitch. It’s a normal part of the process and an activity that helps the team make the best decisions and craft the most efficient solutions to problems. But if stakeholders or others are particularly onerous—or if one party has enough influence to quell dissenters and get their way…
Are You Still Making These Project Budget Mistakes?
January 25, 2016 by
The budget process is often fairly clear cut, with reviews and approvals a well-worn process. But some project teams continue to make a handful of base-level mistakes that could cause them serious problems down the road. If your Project Team encounters challenges in the budget development cycle, consider if you’re inadvertently falling into one of…
Boost Project Budget Adherence With An Outside Consultant
January 5, 2016 by
There are many reasons to partner with an outside consulting firm. Some Project Teams need the help of an expert with a neutral perspective, for example, while others are looking for guidance in a specific niche to augment their internal knowledge base. Many project teams simply need the assistance of a firm with experience in…
5 Ways to Defend Your Project Budget
August 12, 2010 by
Your project budget can regularly end up in the financial cross-hairs. While careful budgeting is a priority for every project management consulting professional, there will be times when others in your organization want you to cut costs beyond what you think is reasonable. If you find your budget is under serious fire, use these tips…
