When working and leading a project as a Project manager, you
need to take the time to create and utilize resources that can benefit the
overall project. When searching for
resources on creating a budget, I came across many resources that would seem
very helpful and beneficial to a PM. One
of the resources was an article and one was a software program that seemed very
easy when communicating with other team members.
The article that I thought was very helpful was called 5
Steps to Prepare Your Project Budget.
In this article there are many different formulas and points to consider
when completing a project budget. The
article provides templates for charts and definitions of terms that are used
when creating a budget. I have never
worked on a project where I have needed to create a budget, so this article did
teach me a few things about budgeting and keeping all of the different costs and
tasks on mind when creating a budget.
A software program that seemed very user friendly and I can
see it being a great resource was SmartDraw. Through this software you can create many
different forms of charts, diagrams, budgets and schedules. The software allows you to easily notify and
communicate with you team members on any changes or progress that happened with
the project. There was an article
written by an IT Director
that took you step by step through the parts of the software he utilized and
how it helped his team complete a project.
It was nice to see the testimonial of a person who had used this
software first hand and seen benefits while utilizing it.
There are many resources and a lot of information on the web
regarding creating budgets. Being new to
this side of a project, I learned many ideas and concepts that a PM should keep
in mind while working and leading a project.