Exploring the art and science of effective project management. From planning and reporting to execution, control, and financials, these articles dive deep into strategies, tools, and insights to help you optimize projects and financials in your team and organization.
To deliver a product or service within a specified time and budget you have to juggle a variety of activities, responsibilities, and stakeholders. Estimating the project’s cost and keeping tabs on actual spending are two crucial aspects for project managers. Budget to actual variance analysis is the comparison of the budgeted and the actual cost […]
In today’s rapidly evolving business landscape, organizations face an increasingly complex challenge: how to maintain accurate forecasting and effective risk management while navigating unprecedented levels of uncertainty. As US Economist Michael Hammer wisely noted, “The secret of success is not to predict the future but to create an organization which can prosper in an unpredictable […]
Project budget variance reports are invaluable tools, but how to communicate budget variance and turn the information into strategic actions? Budget variance reports’ true worth lies in how the insights they provide are used across the organization. If such insights can’t influence strategic changes, variance reports are limited to control and accountability functions. To ensure […]
If you’re remotely interested in project management, then you’ll likely be quite familiar with the scope-budget-time project management triangle. As with many tried-and-true ideas and theories, sometimes it can be good to hit refresh and come at it from a new angle. And that’s what I’d like to do today—let’s have a look at the […]
When it comes to non-billable hours, businesses can totally reframe how they approach them. Rather than a knee-jerk reaction of directly trying to reduce non-billable hours, reframing your mindset to how best to manage non-billable hours can actually give you the upper hand. Non-billable hours: Strategic investment Your clients expect to be billed only by […]
So, what does it mean to choose a DCAA compliant time tracking tool? The most simple answer is that for an organization to remain compliant, its timekeeping processes and software must also follow a certain set of guidelines. We’ll get into those details below. Being DCAA compliant means fulfilling a considerable list of requirements, most […]
Time tracking tools to track billable hours have become indispensable assets for operations and finance managers seeking to optimize profitability and maintain precise project cost control. By accurately capturing the time spent on various tasks and projects, these applications provide helpful information for workflow efficiency, resource allocation, and billing accuracy. Also, they eliminate the guesswork and potential errors associated with manual time […]
![Communicate budget variance: The path to strategic action [best practices from FP&A professionals]](https://beebole.com/blog/wp-content/uploads/2025/02/communicating-budget-variance-reports-700x400.webp)
