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 […]
Today we’re diving right into overtime cost analysis. Fixed costs, such as rent, insurance, and salaries for regular full-time employees, are a way of life for companies. These expenses remain constant regardless of changes in demand, production levels, or sales volume. But what about variable costs or expenses that change depending on demand, production levels, […]
What is a payroll variance? Payroll variance is a running total of how much money your company has paid out to employees for things like overtime, vacation, sick days, and pay raises. It helps finance and HR managers figure out if budgets are being met and if everyone is getting paid the right amount. Payroll […]
Today we’re talking project cost management with adjustable forecasting and the Excel OFFSET function. Follow along below, or watch the tutorial on YouTube by clicking here. The first time you heard about a forecast, it probably had nothing to do with project cost management. The team of weather experts behind that forecast used a range […]
De nos jours, l’intelligence artificielle (IA) joue un rôle de plus en plus prépondérant dans de nombreux domaines, et la gestion de projet n’échappe pas à cette révolution. En effet, l’IA a transformé la façon dont les projets sont planifiés, exécutés et contrôlés. Elle offre ainsi des opportunités passionnantes pour améliorer la gestion de projets, […]
Understanding the true cost of employees is crucial for any business looking to manage resources effectively. That’s why we’ve created this free spreadsheet download and video tutorial with detailed instructions and formulas to easily calculate employee cost at your company, as well as to forecast new hires. It’s more than just base salaries; it encapsulates […]
Financial forecasting is the process of making estimates about the future performance of a business or organization. These estimates are based on past performance, current conditions, and trends. Financial forecast reliability is essential for businesses of all sizes. This allows them to make informed decisions about investments, operations, and strategies. What factors affect financial forecast […]
