Cost management

Is the project you are realizing profitable or not? How is it possible to measure the profitability of a project? Every organization should estimate whether its project is profitable or not. However, determining profit is not an easy task. CONTENT INDEX 7 key points for the profitability of a project Hidden business management Structured installation … Continue reading "Profitability of a project: how to evaluate it concretely"

The Earned Schedule (ES) is a rather recent methodology. It was first introduced in 2003 and it is a method of analysis that extends and completes the benefits of the Earned Value Management. Currently, the Earned Schedule method is used globally in projects of any type and size. This method is taught in academics, is … Continue reading "Earned Schedule"

Estimate projects correctly is a difficult task that every project manager has to face. It doesn’t matter if you estimate in order to evaluate resource work load (time/effort estimation) or just to create customers’ offer (cost estimation), the problem is just the same. How can I predict exceptions, delay, bottle necks and create an estimate … Continue reading "The Most Effective Strategy to Estimate Projects"

Things are a little bit messy right now at Twproject because we are developing a brand new mobile app and we are totally over excited with all the new great features we are developing. Waiting for this new amazing release, we are still improving our beautiful application, even the mobile one, today in fact I introduce you the … Continue reading "Twproject 6.0.60017: Mobile Receipt Upload"

Perhaps it can be easy to manage the costs as a whole, but sometimes it is not as easy as it looks to enquire about specific aspects or the ramification of costs. Twproject allows to manage the costs of a project, particularly also the costs related to the work performed (for example, travel costs).

I’ve recently received yet another request of a cost-benefit analysis given by the adoption of Teamwork, in general, of project and groupware management software. Not always in those exact terms, but we do periodically receive such requests. One may rephrase the question as “what is the exact economical gain given by adopting Teamwork”? Very superficially, … Continue reading "Simplistic cost/benefit evaluations of organizational tools adoption"