To maximize cost efficiency, you must plan and control your budget as well as measure performance in terms of ROI and cost savings. Download the free checklist to get started.
Effective cost management is essential to a successful project, especially during tight economic times. To stay competitive, companies must not only plan and control their budgets, but also measure ROI and track cost savings. This ensures they avoid unnecessary costs, improve profitability, and invest in greater opportunities.
Are you ready to manage project costs effectively?
Use our free downloadable checklist to evaluate your current processes and spot any gaps.
Once you have a handle on individual project costs, the next challenge is to ensure budget management is effective at the PMO level. A few key performance questions to ask yourself:
Are our projects consistently on time and within budget?
How closely do our estimates match actuals?
Are we improving over time?
Tracking PMO KPIs can help you answer these and drive smarter decisions across your portfolio.
