A project supervisor oversees all aspects of a project, coordinating employment teams, ensuring timely delivery of materials, and delivering the final product to the customer. They are responsible for hiring and training employees, managing budgets, responding to manpower requests, and setting departmental goals. They also handle customer service issues, working closely with account management teams […]
Project financing involves acquiring and organizing funds for a project, whether it’s a personal art project or a commercial venture. Seek investors for commercial projects, while artists may consider grants or project finance websites. It’s important to have a clear plan and purpose for the project and to specify how the funds will be used. […]
Design specifications provide detailed information about a design to establish criteria for developers to meet, allowing for clear input from the customer and eliminating confusion. It includes intended use, detailed descriptions, and creates a rubric for performance evaluation. Both parties must read it carefully before authorizing the next step. A design specification is a detailed […]
Critical chain project management applies behavioral science and mathematics to manage projects involving multiple people and processes. The constraint thought process theory is used to avoid unwanted behaviors, and multiple buffers are applied to protect production activity. Multitasking is discouraged, and curtailing Parkinson’s Law is a strategic advantage. Critical chain project management is the application […]
Project sponsorship involves creating accountability, defining mission, allocating resources, managing funding, and managing other aspects of a project. The sponsor is responsible for ensuring the project helps the organization achieve its objectives and is politically aware. They create a timeline, allocate resources, and manage the project to completion. Project sponsorship is an important part of […]
Project sustainability involves creating and launching a project that can continue to generate benefits over time. It requires early consideration of resources and compliance with standards to ensure ongoing success. Project sustainability is the goal of creating and successfully launching a project that can continue to generate benefits over an extended period of time. This […]
Project financing involves non-recourse loans where lenders are paid with project-generated money. When looking for project finance books, consider risk management and choose books with accurate and current information from credible authors. Financial and trade publications are good resources for finding relevant books. Project financing is a way of financing projects with non-recourse loans. In […]
Enterprise project management involves managing data related to all projects an organization is pursuing. It includes developing a portfolio of projects, managing complex computer networks, and using employees who focus on multiple projects simultaneously. Efficient use of labor is also important. Enterprise project management is the process of managing all data related to projects that […]
Project planning involves creating a resource plan, conducting a risk assessment, communicating the plan to departments, confirming suppliers, and procuring necessary items. Risk assessment helps determine potential rewards versus downsides, and companies communicate plans to departments to determine the best implementation method. Confirmation of suppliers and sourcing items needed for the project are the final […]
An electrical project manager oversees electrical projects, manages teams, creates budgets, tests electrical systems, communicates with clients and colleagues, and keeps up-to-date with industry changes. They require engineering licenses and strong leadership and interpersonal skills. An electrical project manager is an individual who oversees the development of electrical projects for clients, which includes ensuring that […]
The project management process involves planning, executing, and controlling projects from start to finish. It includes defining scope, considering budget and resources, assembling a team, verifying task completion, and closing the project while analyzing its success or failure. Adjustments may be necessary during execution. The project management process involves planning, executing and controlling projects through […]
Project disclosure is the release of information about a project in accordance with regional or national laws. It is important for people who want to oppose the project or have concerns about how it will be done. Disclosure regulations vary by country and project nature, and penalties can include fines and jail time for fraudulent […]
To become an electrical project manager, one needs a solid background in electrical engineering and training in business management and leadership. Experience is crucial, and starting as a technician and working up is a common path. Certification in industry-specific regulations is also necessary. An electrical project manager is an experienced and knowledgeable electrical specialist who […]
Corporate finance includes project financing and export financing, which often use a combination of debt and equity capital. Export financing involves factoring, where goods are sold to a foreign entity at a discount on the invoice. The money received from international factor assets can help pay for initial external funds. Corporate finance represents a set […]
Corporate finance includes project financing and export financing, which often use a mix of debt and equity capital. Export financing involves factoring, where goods are sold to a foreign entity at a discount on the invoice. The money earned from international factor assets can help pay for initial external funds. Accounting reports may require a […]
An ERP project plan involves discussing and agreeing on objectives, creating project goals and milestones, reassessing the plan’s outline and budget, assigning specific tasks to individuals or teams, and ensuring clear communication between all parties involved. It is important to involve upper management and ensure everyone understands expectations. Third-party companies may be hired for ERP […]
Project procurement involves acquiring necessary project services, goods, or deliverables from outside vendors. There are six processes involved, including planning purchases and acquisitions, contract planning, vendor selection, contract management, and contract closure. The actual execution may vary across organizations. Project procurement involves a systematic process of identifying and acquiring, through the purchase or acquisition, the […]
Public projects are government-funded and owned or operated by the government, such as road repair, public housing, and schools. They require an open process, including bidding and public input, and may have criteria such as union work. Vertical construction, such as buildings for government agencies or public housing, is also included. A public project is […]
A project charter is a document that defines a project and presents authorization for it, outlining goals, roles, terminology, objectives, priorities, scope, timeline, and resources. It is an invaluable tool for project planners and stakeholders to keep the project organized and focused. Templates are available online and in business planning books and periodicals. In business, […]
A project manager oversees all aspects of a project, ensuring goals are met within budget and timelines. They monitor budgets, schedules, and progress, and may oversee employees and contractors. A college degree and project management experience are typically required, along with computer literacy and strong communication and organization skills. They may also contribute to proposal […]
