Project Management Software

In project management, even the best-laid plans are vulnerable to change. From unexpected delays to unplanned expenses or resource shortages, projects often face disruptions that can derail timelines and budgets. That’s where a contingency reserve comes in. Acting as a buffer against the unknown, contingency resources help project teams stay flexible and responsive when challenges arise. We’ll explore what project risks should be covered, what contingency resources are and why they matter to support stronger, more resilient project planning. What Is a Contingency Reserve? A contingency reserve is a specific allocation of time, money or resources set aside within a proje…

Your business operations are only as good as your ability to monitor and control them. For example, manufacturing teams would be lost without a controlling process that lets them measure and improve on their management function. The process of controlling management is essential for any business to remain viable. When you monitor with software and control the process of your manufacturing, you’re able to see what works and what isn’t working. What Is Controlling Process in Business Management? The controlling process in business management is when managers set, measure and refine their business operations and manage cost control. By using a controlling process, a compa…

A construction cost estimate is a project budget, determined by several factors. Accurate, precise estimates need clear takeoffs, risk mitigation, and more. The post Cost Estimation in Construction Projects: How to Get it Right appeared first on project-management.com. View the full article

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 reimbursement contract. What Is a Cost Reimbursement Contract? A cost reimbursement contract is an agreement between parties in a construction project that guarantees the owner reimburses the contractor for costs incurred while they work on the project. Reimbursement, however, is not unlimited. There is a ceiling. The contractor is not paid solely for the costs but is also guaranteed an additional payme…

Contracts specify the terms of the agreement between an employer and a contractor for the execution of a construction project. Because these agreements are so diverse, there are many different types of construction contracts, each with its own benefits. One of these is called a cost-plus contract. What Is a Cost-Plus Contract? A cost-plus contract is a construction agreement between an owner and a contractor, in which the project owner reimburses the contractor for all incurred costs and pays an additional fee, which corresponds to the profit the contractor makes for executing the project. This means the owner is not agreeing to a set budget for things like materials an…

Construction projects are notoriously difficult. They involve multiple teams, suppliers and more when building a structure. Ensuring the schedule is realistic and the project can be delivered on time requires techniques such as CPM construction. What is CPM construction? It stands for the critical path method in construction. What is critical path construction? That’s what we’ll learn, including how to make a CPM construction schedule and why general contractors want to use it. We’ll even throw in a free critical path template. What Is the Critical Path Method (CPM) in Construction? As noted above, CPM construction stands for the critical path method. It’s a project man…

If all construction projects ran without a hitch, there’d be little need for project management software. However, we know that internal and external forces create construction delays that impact the project schedule. To have a successful project completion, general contractors rely on delay analysis. What is delay analysis and what should be included in a delay analysis report? We’ll get to that shortly. There’s also more than one way to analyze delays, and we’ll explore those different methods as well. Readers can download free templates to help with delay analysis or upgrade to project management software to better manage construction schedules. What Is Delay Analysi…

Scheduling is all about getting things done on time and within budget. It’s one of the most important aspects of planning for a project. The most popular tool to schedule projects is the Gantt chart, which lets you create a visual timeline for your project. Finding the critical path on a Gantt chart helps you achieve your project goals faster and more efficiently. But before we learn how to identify the critical path in a Gantt chart, let’s start by defining what’s critical path in project management. What Is the Critical Path? The concept of critical path comes from the critical path method, a project planning and scheduling technique that uses a network diagram to rep…

Unexpected delays can disrupt output, drain resources and complicate decision-making, which is why teams rely on a downtime report to bring clarity to operational slowdowns. This guide walks you through how the document works, how to create one effectively and what details matter most. You’ll also find an example and a free template to streamline your tracking process. /wp-content/uploads/2025/12/Downtime-report-template-image.png Get your free Downtime Report Template Use this free Downtime Report Template for Excel to manage your projects better. Download Excel File What Is a Downtime Report? A downtime report is a structured record that captures when o…

KEY TAKEAWAYS The project management landscape is evolving rapidly, and staying ahead of the latest project management trends is essential for success. By 2029, the project management software market is projected to grow from $6.54 billion to $10.86 billion, reflecting a surge in demand for digital tools. The freelance workforce is also expected to grow… The post Emerging Project Management Trends for 2025: Top Takeaways appeared first on project-management.com. View the full article

All projects are risky ventures and so is running an enterprise. Unexpected events, whether internal or external, can impact the schedule, budget and operations. Risk can have an even greater impact on larger, more complex projects or the organization that implements them, which is why enterprise risk management is so important. An enterprise risk management framework can mean the difference between a successful or failed project. Enterprise risk management software is critical to delivering a successful project. But first, one must understand the risk management process and risk management strategy. What Is Enterprise Risk Management? Enterprise risk management (ERM) i…

Teams that manage machinery or tools often struggle to keep track of what’s been serviced, what needs attention and which assets are falling behind on routine care. An equipment maintenance log brings clarity to that chaos by giving everyone a single place to reference past work and upcoming needs. It becomes a practical companion for anyone responsible for keeping equipment in steady rotation. /wp-content/uploads/2025/12/Equipment-Maintenance-Log-Template.png Get your free Equipment Maintenance Log Template Use this free Equipment Maintenance Log Template for Word to manage your projects better. Download Word File What Is an Equipment Maintenance Log? An…

Planning an event involves many moving parts, each generating costs that must be carefully tracked. Whether it’s venue rentals, equipment, catering or staffing, event planners need a structured approach to budgeting. Without a well-organized budget, costs can spiral out of control, leading to financial surprises. To simplify this process, an event budget template can help keep track of all expenses. Our Google Sheets event budget template provides an easy-to-use format for logging estimated and actual costs, ensuring your event stays within budget. Why Use an Event Budget Template for Google Sheets? Google Sheets is an excellent tool for creating an event budget because …

Events are projects that must be planned, executed and tracked to be delivered successfully. Therefore, an event schedule is essential to ensure that all related tasks are organized and done within a predetermined timeframe. To have a successful event requires event scheduling, which means understanding the steps to creating one, what should be included and an event schedule template to lay it all out. For a more efficient and effective event, there’s also event scheduling software that we’ll get to later. What Is Event Scheduling? Event scheduling refers to the process of planning, organizing and coordinating the timing and logistics of an event. This involves determin…

Just because a project is pitched doesn’t mean it’s the right project. Organizations have to explore the proposal and determine if it’s a good fit for them in terms of risk, reward, resources and so on. That’s why there’s a feasibility report. What is a feasibility report? We’ll answer that, show what should be included and even add a feasibility report example to show what it would look like in a real-world scenario. Then, we’ll add links to some related free templates to help with the feasibility study report. What Is a Feasibility Report? A feasibility report in project management is a detailed analysis that evaluates the practicality, risks and potential success of …

An invoice template in Google Docs makes billing fast and professional for freelancers, contractors and small businesses. This invoice template in Google Docs includes editable fields for client details, invoice numbers, itemized line items, taxes, discounts and total due, plus space for payment terms and notes. Use the template to customize branding, add a logo and adjust currency, then share or download as a PDF for clients. Invoice templates in Google Docs are free and easy to copy, making them ideal when you need a simple billing solution that integrates with your workflow. The Google Docs invoice template is compatible with any browser and supports collaboration, al…

Setting clear objectives and tracking measurable results is critical for aligning teams and driving business outcomes. An objectives and key results template, or an OKR template in Google Sheets, provides a simple way to document objectives, key results and progress updates in one centralized location. Whether you are setting goals for a small team or coordinating across departments, this template helps keep everyone focused on priorities and working toward the same outcomes. In this blog, we’ll walk you through a ready-to-use OKR template for Google Sheets that’s flexible enough to fit quarterly, monthly or annual goal-setting cycles. We’ll also share tips on how to ada…

A RACI template is a project management tool that defines roles and responsibilities across tasks using four categories: Responsible, Accountable, Consulted and Informed. By creating a clear structure for decision-making, a RACI template helps avoid confusion and ensures every task has ownership and support. When first introduced, RACI charts were drawn out on paper or whiteboards for team alignment. Now, digital versions are available in project management software, though many teams still rely on spreadsheets. A RACI template in Google Sheets is a simple way to build a shared responsibility chart, and variations such as a RACI chart template for Google Sheets or a RACI…

A gemba walk is a key practice for leaders and managers who want to see processes firsthand and engage with teams on the shop floor. It emphasizes observing operations directly rather than relying solely on reports or data. By being present where work happens, managers can identify inefficiencies, uncover opportunities for improvement and build stronger communication with employees. The gemba walk also fosters a culture of continuous improvement and accountability. Teams feel heard when leaders take the time to observe, ask questions and offer guidance. Regular walks create actionable insights and help align operations with strategic goals, ensuring processes run smoothl…

Bidding and tendering are critical steps in winning a project. Learn how to structure a successful tender, along with proven tips to maximize success. The post Guide to Bidding & Tendering Process for Project Management appeared first on project-management.com. View the full article

Are you interested in becoming a project manager? In reality, how much do project managers make? This information is key for professionals exploring career opportunities or companies looking to hire. Salaries vary widely across countries, industries and experience levels, with some regions offering significantly higher pay for those managing complex projects or large teams. These differences highlight the global demand for skilled project managers who can deliver results efficiently. In this blog, we’ll look at how much project managers make around the world and what factors influence their salaries. From education and certifications to location and project scope, these …

If you’re looking to become an IT project manager, Jennifer Bridges, PMP, explains the job description, skills, qualifications, path and training involved. Then read on to learn even more about starting your IT project manager career. Here’s a screenshot of the whiteboard for your reference! What Is IT Project Management? IT project management consists of applying project management principles to information technology projects. It involves planning, executing, monitoring and closing IT-related initiatives to ensure they align with business objectives. As this industry is constantly changing thanks to rapid technological enhancements, these projects must be completed …

Throughout the life of a project, project managers check in on progress and compare it to the project plan—comparing their predictions to reality. If they don’t do this regularly, odds are the budget will suffer and their project will fail. Luckily, these deviances from the plan, such as cost variance, don’t have to sink a project. In fact, they can strengthen it. The key is spotting them and making adjustments to stay on the right path. One of the best ways to avoid cost overrun is by calculating cost variance. /wp-content/uploads/2021/07/Cost-Benefit-Analysis-Template.png Get your free Cost Benefit Analysis Template Use this free Cost Benefit Analysis Template…

Most organizations use project names as they’re a quick way to remember projects and programs. Some project managers think those names should describe a project’s purpose or its main goals, while others simply choose cool or catchy project names to lighten up the mood in the organization. While it can be challenging, creating project code names is a meaningful task that you and your team will value. Then, you’ll need project management software like ProjectManager to get the job done. ProjectManager lets you choose between a wide variety of project management tools such as Gantt charts, dashboards, timesheets, calendars, reports and much more. Get started for free today.…