Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue · Module 10 · Budgeting, Forecasting and Progress
The planning cycle
Lesson 102 of 198 · 2 min
Eight steps, and it goes round every month. PLAN → BASELINE → DELIVER → RECORD ACTUALS → REPORT PROGRESS → FORECAST → COMPARE → ACT. Most project businesses run this monthly. Some run weekly on delivery and monthly on finance. Who does what. The project manager reports progress and forecasts. The project accountant validates costs. Finance consolidates. The programme director acts on exceptions. Where it fails. The forecast is the step that gets skipped. If forecasting is laborious, project managers stop doing it — and the business is flying on actuals only. Flying on actuals means knowing exactly what has been spent and nothing at all about what it will cost. Every decision a programme director makes needs the second number. EVERYTHING IN MODULES 9 AND 10 EXISTS TO MAKE THE MONTHLY CYCLE FAST ENOUGH THAT IT ACTUALLY HAPPENS. Judge every configuration decision against that. YOU ARE NOT CONFIGURING A…
The full lesson is part of the course
The video, the complete written lesson and the module quiz are included in Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue, with a certificate on completion and a fourteen-day refund window.