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| Project Management Companion October 2021 Newsletter |
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Welcome to our October 2021 newsletter, as a valued subscriber, the team at PMC would like to keep you up-to-date with all the latest project management information. We encourage direct contact, so if you have a particular project management interest, we would be more than happy to oblige by investigating it for you and providing feedback.
Please find this months most popular posts, the benefits of using time sheets when delivering a project, don't underestimate their value . As well as the steps involved for a robust budget. We hope you find these or any other of our many posts found on our website of interest. We look forward to your feedback.
All the very best on your project management journey
The team from Project Management Companion. |
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TIME SHEET AND BENEFITS TO THE PROJECT
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Don’t underestimate the benefit and use of time sheets to track vendors and internal resources alike. As the name suggests they record the amount of time an employee works on tasks. Time sheets are a mechanism for payroll used by management, human resources and accounting to record time and pay employees based on the proof of their total hours worked. The most common association is with time cards or time clocks.
In project management, time sheets have also become invaluable for businesses to monitor their time and keep projects on track. They can also be used as a management tool for expense tracking, capacity planning, or to estimate team availability.
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STEPS TO A ROBUST PROJECT BUDGET
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| Let’s face it, projects cost money, and proper money management requires strong budgeting to ensure everything goes according to plan. There are direct and indirect costs, fixed and variable costs, labor and materials, travel, equipment, rent and more, capturing each item can be a challenge. Invariably an item arises from left field to add to the financial complexity.
Without sufficient funds, the project will not be completed successfully, regardless of how hard you try. That’s why project planning and budget is so important: it’s the lifeblood of the project. To assist you in securing the funds necessary to support the project through every phase, there are steps which should be taken.
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| | Enter the Project Management Companion Video VAULT for up to the minute news, reviews and advice from Project Management professionals like you from around the world. Watch insights from proven project management professionals, who can assist you in keeping up to date with new and innovative ways to manage projects. |
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| | | If your chosen career path is of a project manager then it is imperative to be certified, obtain the necessary skills via qualified instructors in their field and achieve the credentials which will benefit your professional development. Online courses offer the opportunity to study at your own pace, while still working or progressing with other activities, get qualified in fundamentals, PMP, software and much more. |
| | Take your complex projects and make them simple for people on your team by using these intuitive collaborative Project Management software tools. The Project Management Companion team has used each of these online tools and they have proven to be effective and useful when running projects, we cannot separate them so the choice is yours.
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