Five Ways to Ensure the IT Project Budget is Balanced
The IT Project Budget details how much is estimated to be spent per fiscal month and overall for the life of the IT project. When the...
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Daniel Rivera, PMP
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Daniel Rivera, PMP
- Nov 12, 2022
- 3 min
Why is Being Under Budget Bad?
During project execution, the project manager may only focus on being under budget fearing that being over budget will get them in...
126 views
Daniel Rivera, PMP
- Jul 28, 2021
- 3 min
How to Create a Project Charter
The Project Charter is a document that specifies that high-level scope of the project and how this project contributes to the overall...
352 views
Daniel Rivera, PMP
- Jul 9, 2021
- 2 min
How to Calculate Internal Rate of Return (IRR)
The Internal Rate of Return (IRR) evaluates the cost of a project. It is the rate of return at which the present value of a project’s...
366 views
Daniel Rivera, PMP
- Jul 8, 2021
- 3 min
How to Calculate Net Present Value (NPV)
NPV provides an indication to the benefit that is going to be created by the project in question. This formula is leveraged when an...
370 views
Daniel Rivera, PMP
- Jul 6, 2021
- 1 min
How to Estimate Internal Labor for IT Projects
In this video, we discuss how to estimate internal labor. Internal Labor represents the labor expenses for employees that pertain to the...
73 views
Daniel Rivera, PMP
- Jul 2, 2021
- 1 min
How to Estimate External Labor on Your IT Project
In the below video, we learn about how to estimate External Labor on your IT Project. We will go over what situations to consider as...
41 views
Daniel Rivera, PMP
- Apr 12, 2021
- 1 min
How to Manage Budget Changes to IT Projects
As you manage your project, there may come times where there will be changes to scope or schedule. This will likely necessitate a change...
41 views
Daniel Rivera, PMP
- Apr 12, 2021
- 1 min
What is SPI and CPI for IT Projects?
In the below video, we discuss what is Schedule Performance Index (SPI) and Cost Performance Index (CPI) from the perspective of an IT...
59 views
Daniel Rivera, PMP
- Apr 6, 2021
- 1 min
What is the IT Project Capital Budget?
In this video, I give a high-level overview of the IT Project's Capital Budget. We will go through every account associated and how they...
9 views
Daniel Rivera, PMP
- Apr 6, 2021
- 1 min
How to Build an IT Project Operating Budget
In this video, we will go over the Operating Budget for a sample IT Project. Project budgets are normally split between Operating and...
4 views
Daniel Rivera, PMP
- Apr 6, 2021
- 1 min
How to Create a Statement of Work (SOW) for IT Projects
In this video, I discuss what types of information are needed to generate a Statement of Work (SOW) document. This document serves as an...
17 views
Daniel Rivera, PMP
- Jul 5, 2020
- 2 min
How to Manage Internal Resource Allocations to IT Projects
My experience managing internal resource labor planning and how my lessons learned can help you manage your project finances.
139 views
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