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PSMJ Resources Blog: 5 Ways to Manage Your Principal

PSMJ Resources

PMs often complain that they fail to earn budgeted profits. that a few hours of a principal’s time can eat up significant dollars in the fee budget. 2) Budget activity by each principal, and communicate that budget to the principal in both hours and dollars. American Council of Engineering Companies (ACEC).

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PSMJ Resources Blog: When Times are Tough, Don't Cut Your.

PSMJ Resources

When Times are Tough, Don’t Cut Your Business Development Budget. When times get tough, this is what most firms do: • Cut the business development budget. Cutting the business development budget seems like a no-brainer. Your BD budget must reflect the emphasis and value you put on keeping. predictable ways.

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PSMJ Resources Blog: 5 Fundamental Finance Tasks for PMs

PSMJ Resources

Prepare the project budget and monitor its status. The project manager must prepare the project budget and monitor its. American Council of Engineering Companies (ACEC). plan, track, and evaluate each project’s fiscal performance. Go over this list with your PMs. This is what they ought to know and be able to do: 1.

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PSMJ Resources Blog: Small Change - Keeping Track of it All

PSMJ Resources

Cumulatively, however, they can amount to a lot of effort and can kill your budget. American Council of Engineering Companies (ACEC). During the course of any project, clients request a lot of changes. Most of these are too small to justify a request for a fee increase. Public Works Solutions. Building Design & Construction.

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PSMJ Resources Blog: Effective Project Managers Need Authority

PSMJ Resources

Numerous excuses can be made for any project that does not meet budget, schedule, or quality needs. The project manager must sometimes tell the client things he/she doesn’t want to hear (for instance, that the cost to construct a favored design concept exceeds the budget). American Council of Engineering Companies (ACEC).

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PSMJ Resources Blog: PSMJ Tips: 8 Secrets to Creating a Business.

PSMJ Resources

. • Allow staff to send flowers or cards on special occasions, with clearly understood budget limits. • Budget for your staff to attend trade associations, specialty conferences. American Council of Engineering Companies (ACEC). Don’t Intimidate. ” • De-mystify design. Be Where Clients Are.

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PSMJ Resources Blog: 6 Common Project Management Practices of.

PSMJ Resources

This practice is essential for realistic budgeting, scheduling, easier negotiating, and to serve as a yardstick to monitor the progress of the project against the resources spent to date. American Council of Engineering Companies (ACEC). Have a strategic kick-off meeting. Public Works Solutions. Building Design & Construction.