What Is Logistics Management? Logistics management is the process of managing the activities that are required to transport goods from its source to the final customer. That process involves a series of logistics activities such as order processing, material handling,…
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Resources are limited, but your ability to manage them to fulfill the needs of your project isn’t. One of the many challenges that face project managers is how to guide their project to a successful end without enough resources. The…
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Do cross-functional teams lead to greater project success? It depends on who you ask. Some people believe cross-functional teams can be very productive, given they have clear governance, accountability, specific goals, suitable project management tools, as well as the organization…
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As building codes evolve to respond to conservation, a new way to build has gained popularity. Sustainable construction is a new paradigm changing an industry that has been around since antiquity. Construction project management is responding to climate change and…
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Whether you’re managing a project in construction or manufacturing, keeping costs down is paramount. The lower your costs, the higher your profits. It’s as simple as that. This is why cost control techniques are so important in project management and…
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Just as one wouldn’t drive a car without a dashboard as it provides valuable information on the vehicle’s speed, gas level and so on, no construction project manager should try to deliver construction projects without a construction project dashboard. A…
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Construction companies have to do some heavy lifting, and that’s not just the steel and concrete they use to erect buildings, bridges and other structures. Many different types of materials and labor go into their work which requires their contracts…
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Construction contracts are legally binding documents between two parties outlining the terms and conditions of the working relationship between them, usually awarded after a construction bidding process. In this blog, we’ll explore the components, pros and cons of a cost…
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Projects are expensive. There are labor costs, material costs, overhead and operational costs. When a contractor bids on a construction project or a manufacturer takes on a job, they need to have an accurate forecast of the price for the…
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Many tools help project managers deliver their projects. One is the impact effort matrix, which we’ll define shortly. This visual tool is handy when deciding how to allocate resources to maximize their effectiveness. Read on to learn when to use…
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Looking for a specialized tool designed to integrate project management functionalities with financial and accounting capabilities? There are many project management accounting software on the market, but it can be difficult to decide which is best for one’s projects and…
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Projects live and die on many hills, but the one stakeholders are usually most passionate about is cost. Project cost management software is an essential tool from construction to IT and professional services. Having the right project cost software could…
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Construction projects will never get off the ground without financing. Money sets the gears of construction management in motion. Creating a construction budget, therefore, is one of the most important pieces when developing a construction plan. How do you create…
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