Cost

How to manage a project with budget constraints

Many project managers attribute going over-budget to changes, but never fear, you can still deliver a successful project without compromising many resources. David Grover suggests six courses of action to rein in your spend.

April 28, 2016

Cost

Project procurement and identifying value

In a buying decision only two elements really matter: acquiring the goods or services you need and the price you pay. Dr Lynda Bourne imparts some advice to project team members tasked with procurement to see the real value in a proposition.

November 17, 2015

Cost
Quality

5 common project estimation mistakes

There are a large number of easily made estimation mistakes that can have a major impact on both project cost and schedule. Louise Mierowsky identifies the most common five and how to avoid them.

May 1, 2015

Cost
Time

Avoiding sunk cost syndrome on your project

One of the hardest things to do is to stop wasting money and resources on a losing proposition. Patrick Weaver on how to avoid sunk cost syndrome on your project with sound decision-making.

February 23, 2015

Cost

The cost benefit of project team members

It is interesting that in many businesses the cost benefit of most employees can be accurately measured, writes Roger LaSalle. But what about project team members?

August 20, 2013

Cost

Reversing the management view of project costs

The simple fact ignored by most project managers is that cost is an output from the management process, and pretending cost is a manageable input is a recipe for disaster. Pat Weaver on the negative effects of traditional cost-cutting and how to really trim costs.

October 30, 2012

Cost

Value management and value engineering for any project

There is generally confusion between the terms ‘value management’ and ‘value engineering’; Paul Sancandi attempts to clarify the distinction between the two concepts and offers advice on how to apply both to your project.

October 23, 2012

Cost
Quality

Distributed versus consolidated project contingencies

Distributed contingencies are normal in most aspects of project management but often result in sub-optimal use of resources. Pat Weaver looks at how consolidated contingency may be a better option.

July 11, 2012

Cost
Risk

Juggling project resources in a tight market

For a professional services firm where skilled staff such as project and engineering consultants represent both their biggest cost and biggest source of revenue, effective resource management is critical to creating client value, enhancing profitability and maintaining a competitive edge.

May 7, 2012