Have you or your firm contracted for an (outside) Project Manager (PM) to manage one or more of your projects? Or are you planning to engage an outside PM for one or more projects in the near future? Or have you been disappointed with the results obtained using outside PM’s on prior projects?
Many contracted Project Managers are ineffective in their
roles. This piece focuses on how to get
(far) better results out of contracted or subcontracted PM’s in the future.
Project Financial Management and financial control is an area that many companies under-emphasize. Especially those that are not familiar with project cost control management methods. To do this well requires a fusion between the Company's Accounting organization and the Project Manager or Practice Leader for the project(s) that need to be controlled. I have seen many situations where companies have failed to effectively plan for solid control, and ended up spending far more or making far less on their project(s) than anticipated. Often...