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There are three components to project financial management:
1. Project Budgeting
2. Project Accounting
3. Charging
Employing all three components in a consistent and repeatable fashion should in theory deliver insight and consequent business value. In this the first of three articles I am going to focus upon Project Budgeting. Read the rest of this entry »
Well it is that time of year, the chance to reflect on the year that has passed and to look forward to the challenges and opportunities of the one ahead.
We live in interesting times as the Chinese would say, however it need not be the reason to hunker down and simply hope to weather the storm, far better to set an ambitious course and resolve to work towards achieving new objectives. Read the rest of this entry »
There are many questions about resource management that probably keep you awake all night. Ok, maybe you can sleep just fine, but perhaps there are questions that perplex you during the day. There might be dozens of questions that you have but here is a small sample that you (or maybe management) might be wondering about.
• Who is working on what projects?
• What tasks are they doing on those projects?
• When are they doing those tasks?
• How many hours of work are assigned for those tasks?
• What is the capacity of each person?
• Who is scheduled to their capacity or over-capacity? Read the rest of this entry »
A recent request from a user was to be able to have the work values displayed in the Assignment Details Page display as hours rather than days. Read the rest of this entry »
In my last article I touched upon cross charging, capital or revenue considerations and the correlation between budget size and the probability of failure. The correlation between increased costs and increased chances of failure suggests that having a better grasp on the finances would probably result in a reduction in the number of failing projects. Read the rest of this entry »