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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...
Daniel Rivera, PMP
Jul 17, 20233 min read
99 views


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...
Daniel Rivera, PMP
Nov 12, 20223 min read
373 views


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...
Daniel Rivera, PMP
Jul 28, 20213 min read
404 views


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...
Daniel Rivera, PMP
Jul 9, 20212 min read
389 views


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...
Daniel Rivera, PMP
Jul 8, 20213 min read
392 views


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...
Daniel Rivera, PMP
Jul 6, 20211 min read
96 views


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...
Daniel Rivera, PMP
Jul 2, 20211 min read
52 views


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...
Daniel Rivera, PMP
Apr 12, 20211 min read
45 views


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...
Daniel Rivera, PMP
Apr 12, 20211 min read
74 views


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...
Daniel Rivera, PMP
Apr 6, 20211 min read
18 views


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...
Daniel Rivera, PMP
Apr 6, 20211 min read
6 views

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...
Daniel Rivera, PMP
Apr 6, 20211 min read
31 views

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.
Daniel Rivera, PMP
Jul 5, 20202 min read
183 views
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