Every successful services business has a deep understanding of project budgets and what it takes to create an accurate budget and stay on target. While this may seem straightforward there are many complicating factors that must be taken into account regarding a project’s budget and keeping it on track. Success for a company demands a well-rounded knowledge of how to create a project budget that is realistic, achievable, and ultimately in service of healthy profit margins.
The shift to remote work across nearly every industry around the globe has fundamentally changed the sales process. From the first engagement with a prospective client to completing the transaction, sales teams must now execute without the many benefits that come from face-to-face in-person interactions.
Note: This is an excerpt from our ebook, “Outcomes Engineering: Your Winning Formula for Success.” Download the full ebook to learn more.
Do you know the difference between project outputs and outcomes? Outputs are the deliverables of a project or client engagement. Outcomes are the level of performance or achievement that occur as a result of the activity or services your organization provides. Outcomes are changes in behavior or conditions that reflect a positive impact, and are specific...
Managing projects is more complex than ever. With specialized skills, a wide variety of software solutions, and high client expectations, orchestrating the many different aspects of project processes can feel overwhelming. However, the advent of the project integration management process can help both project managers and the resources they manage stay informed from the beginning to the end of a project.
If you’re working on writing a project proposal for a potential client or customer, you may be wondering what—exactly—your project proposal should include. While your actual project proposal will depend on the type of project, there are several key sections that every project proposal should include.
RSM US LLP is an audit, tax, and consulting firm focused on the middle market in the United States and Canada and is a member of the global accounting network RSM International. Learn how Mavenlink helped RSM improve their business processes and client satisfaction rates on a global scale.
Calculating resources in project management is one of the primary skills for a project manager. It depends on not only understanding project scope and needs, but also having detailed knowledge of how each team member performs, how the team performs together, and the typical feedback loop between team and client. Making an accurate prediction can be complicated but is important not only to bid the project accurately, but also to effectively plan for and execute a project.
CORE Business Technologies is a single source vendor that provides clients with world class in-person, self-service, and back office processing on a single platform. Find out how Mavenlink helped CORE improve their billable utilization and team productivity through critical resource management support.
The four stages of the project management lifecycle are initiation, planning, execution, and termination. The project management lifecycle is the predictable series of stages it takes to complete a project. This lifecycle acts as a high-level checklist for project managers, helping to detail which steps are necessary to successfully initiate, execute, and close a project.
Since each company and each project is different, the different steps in each stage of the project lifecycle vary based...
When it comes to setting goals in project management, many people think of goals related to keeping a project on time and on budget. While there is a lot that goes into keeping a project within those constraints—there is so much more to project management than just time and money.
In this article, we will discuss using project outcome goals to help make individual projects more successful, which will also increase the value of your work, and which project management performance goals will...
Client Success: Health Catalyst Improves Business Processes and Increases Consistency in Project Delivery with Mavenlink
Health Catalyst is a leading provider of data and analytics technology and services to healthcare organizations. Learn how Mavenlink helped Health Catalyst improve their project insights and resource forecasting through successful project management.
When it comes to resource management systems, project managers have several tools available. From simple homegrown systems using spreadsheets and calendars to robust resource management software platforms, the options are endless.
When it comes to choosing a project management methodology, most organizations find themselves being forced to choose between Agile project management and a traditional project management method, such as Waterfall. While each of these strategies have their strengths and weaknesses, many team members have a preferred approach.
Resource management is the process of determining which resources are needed, in what quantities, and when, to complete a project. This process not only helps to determine how projects will be completed but also helps to predict the costs and timeline associated with the project.
Below are 7 steps and 4 tips for creating and presenting an effective resource management plan.
As a worldwide leader in project and resource management, Mavenlink is continually updating our solution to provide value to you and deliver an exceptional client experience. We are pleased to share the latest additions and improvements to our product.