The Money Files
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A blog that looks at all aspects of project and program finances from budgets and accounting to getting a pay rise and managing contracts.
The Money Files
1y ago
You know all those baselines you save in Microsoft Project? All the snapshots of your plan you keep just in case? Well, they are hugely useful for looking at to compare actual performance against forecast, so dust them off and let’s start using them. BCF stands for Baseline-Current-Future a ..read more
The Money Files
1y ago
I’m lucky in that the projects I am working on at the moment have a requirement for resource time, but we can manage the work in-house so we don’t need to invest in anything else. However, in the past I have managed projects with substantial budgets – and also those with small budg ..read more
The Money Files
1y ago
Project documents (and there are some good templates here on ProjectManagement.com) are important to keeping projects moving, and many times, a project will start with a business case. You might accept the need to do a business case as part of the organisational process – just something you ..read more
The Money Files
1y ago
I don’t think of myself as someone good at delegating. I tend to want things done when I want them done, and it’s easier to do them myself rather than waiting for someone else to do them on their time (thinking about household chores here…). But as I have got on in my career, i ..read more
The Money Files
1y ago
OK, the title of this blog post is a bit misleading. I don’t think I could count how many different ways there are to do estimating, I’m sure there are plenty of tools and techniques I’ve not used in my work as a project manager. But there are some high level options for thinkin ..read more
The Money Files
1y ago
I’ve been reading the Project Routemap Procurement Module and it’s got some really interesting things in around setting up a project for success. It’s a UK Government publication, aimed at large-scale public sector initiatives, but there is a lot we can pull out and apply to other ..read more
The Money Files
1y ago
How mature is your organization’s approach to managing data? Today, all projects use a lot of data and generate a lot of data – and how that is looked after is subject to legislation, best practice, policy and ethics. AI doesn’t make it easier either: AI engines trawl through o ..read more
The Money Files
1y ago
Let’s talk about commercial viability for your projects. Commercial viability is something that is considered at pre-project stage. It’s all about proving that it is worth going ahead with the work because the figures make sense. It’s typically related to working with suppliers ..read more
The Money Files
1y ago
Metrics are an important way to learn about how the project is going and to reflect on what has happened in the past so you can do things different in the future. Or repeat the things that work well. I learned a few lessons about project metrics when I worked on an ERP implementation a while ago ..read more
The Money Files
1y ago
Have you ever worked on a project where when things went wrong, the sponsor was calm and measured, helping you create a map towards a resolution but backing off as required and letting you get on with the work? That’s great. The alternative is a much more destructive environment, where p ..read more