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Project Cost Management Tips: Keeping Your Project Budget Under Control
 
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Watch the video and get these top project cost management tips. Try our Award-Winning PM Software for free: https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=ProjectCostManagementTipsKeepingYourProjectBudgetUnderControl Find out how to set your budget up correctly at the start of the project and then monitor and control it carefully. ProjectManager.com Director Devin Deen explains that "there's no secret sauce he can sprinkle over your project team members, your project budget, project schedule and plan, just to make it return a project under budget for you. However, there are some fundamental things you can do as a manager, to manage and control that budget and make sure that you deliver that project on budget or even under budget. These include: setting up the project management budget correctly and then monitoring and managing the budget once the project is underway. If you'd like a tool to help you with your project cost management and to ensure that you always keep your project budget under control, claim your free 30-day trial of ProjectManager.com today! To subscribe to our YouTube Channel, click here: https://www.youtube.com/user/projectmanagervideos To see another video on project budgeting control, check out:"4 Top Project Financial Management Tips - Project Management Finance" by simply clicking here: https://www.youtube.com/watch?v=5DybRTTvrmY
How to Create a Project Budget - Project Management Training
 
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In this video, Jennifer Bridges, PMP https://www.projectmanager.com/training?utm_source=youtube.com&utm_medium=support&utm_campaign=supportvids, defines what a project budget is and then explains the steps needed to build a sound one.
The Basics of Project Cost Management - Project Management Training
 
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If you're running a small or large project, to stay on budget, you need a cost management plan. Try our Award-Winning PM Software for free: https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=BasicsofProjectCostManagement Jennifer Bridges, PMP, shows you why you need a project cost management plan, and how to set up a process. She also outlines tips to keep costs in place.
10. Project Budget Management
 
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Every project boils down to money. If you had a bigger budget, you could probably get more people to do your project more quickly and deliver more. That’s why no project plan is complete until you come up with a budget. But no matter whether your project is big or small, and no matter how many resources and activities are in it, the process for figuring out the bottom line is always the same PLEASE REFER THE LINKS AS FOLLOW IF YOU NEED LEARN MORE: - You Can Ace Your PMP® Exam With The World’s Most Popular PMP® Video Training Course! : http://bit.ly/2AnUnGh - The PMI-ACP® Exam Simulator Features : http://bit.ly/2k7GuoW - CAPM® Exam Prep and CAPM® Exam Simulator : http://bit.ly/2Af7dWC - Free PMI-ACP® Exam Simulator : http://bit.ly/2nixIWw - The CAPM® Exam Simulator Features : http://bit.ly/2Ah2qUE - The PMP Exam is Changing in 2018 : http://bit.ly/2AmSk5f - PMP Exam Prep Essentials Overview Your Condensed PMP® Exam Prep Study Guide : http://bit.ly/2ngB8ZQ - eBook The PMP Exam Prep Essentials Study Guide : http://bit.ly/2ngB8ZQ - The PMP Exam Printable FlashCards (PDF FlashCards Only) : http://bit.ly/2ByCiTE - The PMP Exam eFlashCards (Portable eFlashCards Only) : http://bit.ly/2i3lUBQ - The PMP Exam FlashCards (eFlashCards & PDF Bundle) : http://bit.ly/2BAEuKr - PMP Exam Formula Study Guide (Free, Redacted Version) : http://bit.ly/2kbPoBU - The PM StudyCoach (For PMBOK Guide 5th Edition) : http://bit.ly/2Bnn035 - The PDU Podcast (Year 3) : http://bit.ly/2AmAY65 - Earn PDUs with The PM PrepCast : http://bit.ly/2zAXgjc - Earn PDUs with The Agile PrepCast : http://bit.ly/2Alns2n - The PM PrepCast (For PMBOK Guide 5th Edition) : http://bit.ly/2ipC5NZ - The Free Agile PrepCast : http://bit.ly/2kd0VRl - The Agile PrepCast : http://bit.ly/2nieb8w - The PDU Podcast (Year 2) : http://bit.ly/2Af9qRU - The PDU Podcast (Year 1) : http://bit.ly/2Af9ykm - The Free PM PrepCast - Sample Videos and Free PMP Exam Prep Material : http://bit.ly/2k9tBuK - The PDU Podcast (Monthly Subscription) : http://bit.ly/2ne1uLO - PMP Exam Formula Study Guide : http://bit.ly/2ALYfRU
MS Project 2013 ● #10  How to do a Project Budget  ●  Easy
 
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Establish your project’s budget with MS Project in an easy way. For this will go through a simple house renovation project. Directed by Christian ALT for http://www.vision6D.com
Views: 72229 Vision 6D
How To Track Expenses: Project Management Expense Tracking Tips
 
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Learn how to track your project management expenses by watching this video on project expense tracking for dummies, from https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=HowToTrackExpensesProjectManagementExpenseTrackingTips If you've ever had your pay or bonus cut because your project budget was off track, the expense tracking tips in this video will really help you to track your expenses in future. Watch the video entitled: "How To Track Expenses: Project Management Expense Tracking Tips" and learn the 6 keys to tracking your expenses, identifying project budget items, and more. If you need an expense tracking software tool to track your project management expenses, claim your free 30-day trial of ProjectManager.com today! Simply click here to start your free trial: https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=HowToTrackExpensesProjectManagementExpenseTrackingTips To subscribe to our YouTube Channel, click here: https://www.youtube.com/user/projectmanagervideos To see another great project management video, check out:"Project Tracking: How To Track and Manage Your Projects" by clicking here: https://www.youtube.com/watch?v=AQnu_zxCETI
Estimate Costs and Determine Budgets
 
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Earned Value Management is an easy way to generate information for reports that indicate whether you are over or under budget and how much more money is required to complete the scheduled work.
Views: 24368 Emily Berry
Microsoft Project 2013 Tutorial - Budget Costs and Budgeting
 
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Get my free 3 hour course for Project 2013 course. Get 20 training videos to help you learn MS Project 2013. Click here to get the free course: https://simonsezit.leadpages.net/free-project-2013-course/ Watch the full course at http://www.simonsezit.com/courses/microsoft/learn-microsoft-project-2013-advanced-training-tutorials/ Get our Project 2013 beginner training here: http://www.simonsezit.com/courses/microsoft/learn-microsoft-project-2013-training-tutorials/ In this video, learn budget costs and budgeting in general while working in Microsoft Project 2013. Get 36 hours of Microsoft Project training here: http://www.simonsezit.com/learn-microsoft-project-training-tutorials/ Watch the entire Project 2013 Training Tutorial playlist: https://www.youtube.com/playlist?list=PLzj7TwUeMQ3iTsQY6ERGqxg9YDK5Y9eBU Stay in touch: SimonSezIT.com: http://bit.ly/JEWqQA Project 2013 training: https://learnoffice2013.com/ The Simon Sez IT email newsletter: http://bit.ly/18bMwY0 YouTube Channel: http://bit.ly/foiItB Facebook: http://on.fb.me/14m8Rwl Twitter: http://bit.ly/177EU5J Google+: http://bit.ly/11JbHdb If you enjoyed the video, please give a "thumbs up" and subscribe to the channel ;-) Video Transcription: Toby: Welcome back to this course on Project 2013 Advanced. In this section we're going to look at budget costs and in fact including in that I'm going to look at budgeting in general in Project 2013. I hope it's something you've come across before but I do find it is one area of 2013 where people do get quite confused about what it means and what the relationship is between a budget and a baseline and actuals and so on. During this and the next few sections, I hope to explain all that more fully to you and to add a lot of details to things you may have used before. Now the first thing to understand is that a budget has nothing to do with tracking actual costs, even scheduled costs or scheduled assignments or scheduled use of resources and so on. A budget is purely a set of numbers that is, if you like, your best guess. It may be your budget in the sense of being a limit either to the amount of money you have or the amount of resources you can use. But basically it's usually there because you've been required either at the start of a project or even before a project begins to come up with a budget for the project. Now one thing you can do in Project 2013 is to setup a budget with various components very easily and then you can track your progress against that budget along with your progress against things like your baseline. So first of all, let's setup a budget for this pretty straightforward project. Now I must admit to an element of cheating here because normally if I were required to do a budget for a project, it would be even before I'd done this level of detail planning. Even here, although I've got a lot more breakdown of these tasks and more investigation of resources and so on to go into, I've already got a pretty good idea of what this projects going to cost. So I want you to sort of cast your mind back a few months before I had even this Gantt Chart and my bosses said to me, "We're thinking of putting together a new website and we're going to be able to do this on it and this on it and this on it and give me a long list of what we might be able to do. And we want it to work like this and we want it to work like this and we want it to be able to take this many visitors and do this amount of business online on it and so on." And then he might say to me, "Can you give me some idea Toby of what that's going to cost? Come up with a budget for the whole project." So I know that in order to do this we're going to need to get some specialist help from outside. We've got a web development company and we've got some business consultants who can help us with these jobs. We're going to do a certain amount of the work in house. We're going to be able to do quite a lot of the testing. We'll even be able to do some of the development work. But mainly we'll be working on requirements and elements of design. So I go away. I look at the last website development project we did. I look at how much complex this one is, but on the other hand how much more we've learned and I come up with some figures and say, "Well, based on past experience and based on what I think is involved here, I think we're going to need about 900 hours of our own time, in house work. Oh-oh! We couldn't fit the entire video transcription here - YouTube only allows 5000 characters. No worries, you can get the transcripts for all our Project 2013 videos offered here on YouTube AND a free 3-hour video course for MS Project 2013. Click here to get this free stuff: https://simonsezit.leadpages.net/free-project-2013-pdf-and-course/
Views: 139601 Simon Sez IT
4 Top Project Financial Management Tips - Project Management Finance
 
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Project management finance just got easier! Watch this video from https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=4TopProjectFinancialManagementTips-ProjectManagementFinance and get 4 powerful, money-saving project financial management tips! Learn how to keep your project finances on track by identifying your fixed and variable costs, tracking the spend, implementing a financial plan, creating a budget and requesting your funds early. In just 4 minutes you'll discover how to manage your project management expenditure against your budget, thanks to this information-packed project finance video. Looking for a software tool to help you manage and control your project finances more effectively? Sign up for a free 30-day trial of ProjectManager.com now! Click here to claim your free trial: https://www.projectmanager.com/?utm_source=youtube.com&utm_medium=social&utm_campaign=4TopProjectFinancialManagementTips-ProjectManagementFinance To subscribe to our YouTube Channel, click here: https://www.youtube.com/user/projectmanagervideos To see another project finance video, check out:"How To Track Expenses: Project Management Expense Tracking Tips", click here: https://www.youtube.com/watch?v=Q5zHS5TbLuY
Project Budget: Key Financial Metrics — Episode 8
 
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You really cannot manage what you can’t measure. Financial metrics matter because you want to know exactly how profitable you actually are and how you and your team stack up next to the company KPI’s. To add to that, when you know your costs and budget, you’re able to determine bottlenecks, cut fat and make the right moves to get your project moving in the right direction. In Episode 8 you'll learn how to prove your results display great character and work ethic! Learn more about effective project management on our website: https://goo.gl/Hph5sz Watch the others Episodes of "Project Management Made Easy" Course: Episode 9 "Client Management: Types of Clients" https://youtu.be/5sqi3g-PGOk Episode 7 "Tracking Project Progress" https://youtu.be/6T7WRzEvtm0 FREE Project Management eBOOK for new project managers. DOWNLOAD HERE: https://goo.gl/QTRzHx Don't forget to check out our Blog on project management to learn about four steps to super successful budgeting for project managers: https://goo.gl/CuQu4c
Budgeting for Agile Projects
 
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How do we budget for Agile Projects? This Auspicious Agile (www.auspiciousagile.com) video blog entry talks about some techniques that can be used to plan and budget for Agile projects. Please note that in the first video example the "most likely case" is only for concept demonstration purposes. If we used the average velocity of the team (as 50 points per sprint) to calculate the most likely case it would actually take 5 sprints (for a backlog of 250 points) to complete.
Views: 5546 John Okoro
OpenProject Budgets and Cost Reports
 
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Learn how to create and manage budgets in OpenProject. Log time and cost on budgets and analyze the spent time and cost using cost reports. Try OpenProject for free: https://www.openproject.org/
Views: 6565 OpenProject
Project Budget Management
 
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"Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use." PMI’s Project Management Professional (PMP)® credential is the most important industry-recognized certification for project managers. Globally recognized and demanded, the PMP® demonstrates that you have the experience, education and competency to lead and direct projects. This recognition is seen through increased marketability to employers and higher salary; according to the PMI Project Management Salary Survey–Eighth Edition, certification positively impacts project manager salaries. Who should apply? The PMP recognizes demonstrated competence in leading and directing project teams. If you’re an experienced project manager looking to solidify your skills, stand out to employers and maximize your earning potential, the PMP credential is the right choice for you. PMP Certification Requirements To apply for the PMP, you need to have either: A secondary degree (high school diploma, associate’s degree, or the global equivalent) with at least five years of project management experience, with 7,500 hours leading and directing projects and 35 hours of project management education. OR A four-year degree (bachelor’s degree or the global equivalent) and at least three years of project management experience, with 4,500 hours leading and directing projects and 35 hours of project management education. This is an overview of the requirements. For complete details regarding the PMP eligibility requirements, please view the PMP Handbook for further details. If you do not meet the PMP eligibility requirements, you may want to look at the Certified Associate in Project Management (CAPM)® certification. How to apply and prepare for the exam To apply for the PMP, register and log in to our online system to get started. A printable PMP application form is also available. Need more information? Get more information on the PMP’s role and requirements. For a more detailed look, consult the PMP Handbook. Ready to take the exam? Use the PMP Exam Guidance for information about the exam, tips for preparing, and important updates. Maintain Your PMP Certification As part of PMI’s Continuing Certification Requirements program, a PMP credential holder will need to earn 60 PDUs per three-year cycle. To learn more about the program, what are PDUs, how to earn and claim them, as well as step-by-step instructions on how to renew your certification, watch the CCR video. You can also reference the latest PMP Handbook found on PMI.org If you’re ready to report your activities, visit PMI’s online CCR system to report PDUs and view your certification records. You can download a printable PDU activity reporting form. " Project Integration Management " " project management professional certification " " project manager certification " " project management certification online " " online project management courses " "project management templates " " project management certification " " project management courses online" " project management classes" " online project management certification" " project management training online" " project management education"
Views: 1974 Cisco Trainings
CRM-Project Budget and Cost Management
 
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Easily monitor your Budget and costs with CRM Project. Learn how to use CRM Project for an efficient Budget and Cost Management. For more information visit www.xRM1.com/en
5 Minutes On Budgeting for Project Managers
 
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It can be difficult to know all the costs of an upcoming project and hence, LIANZA presents some guidelines to get started
Views: 1098 lianzaNZ
Job Costing in QuickBooks Online (QBO) with the NEW Projects Feature - QB Power Hour
 
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In this QB Power Hour, we discussed job costing in QuickBooks Online with the new Projects feature. NOTE: You must have QBO PLUS to do the job costing and there are some limitations (i.e. no labor / payroll allocations except for manually and no progress invoicing). Specifically we discussed: --setting up for job costing including setting up 2 sided (aka double-sided) items -- set up a budget for the customer / project (if desired) -- enter transactions for the costs (expenses, checks or bills), assigning them to a customer / project and marking it billable or not. (also mentioned entering expense with the QBO mobile app) -- create the invoice or sales receipt -- use the Projects center to quickly see reports -- transaction list, profitability, unbilled time / expenses and non billable too. -- customize other reports -- profitability by item, budget vs. actual Plus, an Intuit project manager joined us to discuss the new projects feature to help keep the transactions and reports together in one location for easier use and access. --
Views: 16311 Michelle L Long
Budgeting in agile projects | Agile Practitioners #2
 
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Managing project budgets in agile software development with Scrum may seem vague. Who is managing the budget? How do we know how much an MVP will cost, if there is no upfront project plan? We discuss how we approach product development with Scrum combined with our process. We are agile software development company and international software outsourcing partner for companies from around the world. In this episode, we share our experience working with transparent project budget and discuss how we answer the most common questions related to project budget: How can we provide an estimate of how much an MVP (minimum viable product) would cost? What roles are involved in estimating, planning, managing and controlling a project budget? We appreciate your comments. Feel free to ask questions and don't forget to subscribe! Looking for a dedicated quality Agile Software Development Team? Do not hesitate to drop us a line at [email protected]! ▸ Subscribe to our channel: http://bit.ly/2Groop4 ▸ More about us: https://xsolve.software/ Our Social Media ▸ https://www.linkedin.com/company/242347/ ▸ https://twitter.com/xsolve?lang=pl ▸ https://www.instagram.com/xsolvesoftware/ ▸ https://www.facebook.com/XSolve/
Views: 850 XSolve
How to Setup Budget Costs in Microsoft Project 2016
 
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Get the complete 18-hour Project 2016 Beginner to Expert course for $1 here ► https://streamskill.com/p/streamskill-membership/?product_id=46085&coupon_code=YT1DOLLAR During this Microsoft Project 2016 advanced training tutorial video, we will look at what budget cost is, why people would use budget cost, and how you can compare progress on a project with a project budget. Checkout some of our other training on YouTube: Project 2016 advanced training: PLAYLIST HERE Project 2016 beginner training: https://www.youtube.com/playlist?list=PLzj7TwUeMQ3g_ABHdUU7RoGJJm-YFr4_Y Excel 2016 training: https://www.youtube.com/playlist?list=PLzj7TwUeMQ3hFUdlWMkTLZL-Fr3oRGN35 VBA for Excel tutorials: https://www.youtube.com/playlist?list=PLzj7TwUeMQ3hWRi0mgxdyWkT0QaYKuBGZ Visio 2013 for beginners: https://www.youtube.com/playlist?list=PLzj7TwUeMQ3jpAwkTGD6hGNxF8ML_FfsF SharePoint 2013 training: https://www.youtube.com/playlist?list=PLzj7TwUeMQ3jloGuvewOe0Iv1EE2POKge Stay in touch: SimonSezIT.com: http://www.simonsezit.com/ StreamSkill.com: http://streamskill.com/ YouTube Channel: http://bit.ly/foiItB Facebook: http://on.fb.me/14m8Rwl Twitter: http://bit.ly/177EU5J Google+: http://bit.ly/11JbHdb If you enjoyed the video, please give a "thumbs up" and subscribe to the channel ;-) Welcome back to our course on Project 2016 Advanced. In this section we’re going to look at Budget Costs. I’m going to explain to you why people use Budget Cost, why you may want to use Budget Cost and how you can compare progress on a project with a project budget, with specific reference to costs. Now I should point out that you can pretty much do the same thing with Budget Work. And the approach with Budget Work is actually very similar but we’re going to concentrate here on Budget Costs. So I’m back here at the house build project. This is version 03. If I go to the Resource Sheet you’ll see that currently the Resource Sheet is empty. And in fact there are no costs or resources assigned at all on this project yet. So one thing that I might do very early on in a project like this is prepare a budget. Now this wouldn’t necessarily relate to any very accurate estimate of cost but I might say, for example, well I think that the labor costs are going to be $40,000 and the material costs are going to be $30,000 and the legal costs are going to be $10,000 and so on. So I might come up with some budget figures. And then during the course of the project I’m going to want to see how the project is progressing against my budget. Now rather than do all of those all I’m going to do is take one element and show you how you might deal with one element and then the other elements would be dealt with in an equivalent way. Now one thing that I must make very clear at this point is that you shouldn’t confuse budget costs with baseline cost. A baseline is a copy, a saved copy of a detailed schedule at a point in time. In fact it can be a detailed or perhaps not very detailed schedule, but it’s a copy of the schedule which will include details of start dates, end date, costs, etcetera, whatever has been added at that point. Budget costs are assigned at the project level. And although we can compare the budget cost with our actual costs in whatever categories we’ve set up it’s not the same as comparing progress, actuals that is, with a baseline. So let’s use as our example a budget cost for services. And by services we mean things like connecting the house to main services and getting an inspection by a local building inspector. So first of all let’s go to the Resource Sheet and we’re going to set up a resource called Service Costs. The type is Cost and I’m also going to create a group. I’ll explain the use of the group in just a moment. Sorry, we couldn't fit the entire video transcription here since YouTube only allows 5000 characters.
Views: 32756 Simon Sez IT
Managing your project budget with Tempo Folio
 
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This is a recording of one of our Tempo webinars, were we introduced how you can manage your budget with the help of Tempo Folio. Components and processes to manage your project budgets is introduced and use cases explained. Please take part in the discussion on http://support.tempo.io and sign up for live webinars at http://tempo.io/webinars Agenda: - Create a budget for a JIRA project - Look at different budgeting methods in Folio - Add staff to the Folio - Budget process - Project progress - Earned Value Management
Views: 2508 Tempo
Making a Budget : Developing a Project Budget
 
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Developing a project budget requires figuring out the start-up costs, calculating any earnings and profits, and making sure the profits outweigh the expenses. Map out a budget before pursuing a project with information from an insurance and financial planner in this free video on personal finance. Expert: William Rae Contact: www.hbwfl.com Bio: William Rae has been licensed in the insurance and financial fields for more than 30 years. Filmmaker: Christopher Rokosz
Views: 15665 ehowfinance
Project Budget Template
 
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You are trying to set and track your overall project budget. Get this template @ http://www.demandmetric.com/content/project-budget-template
Views: 2963 Demand Metric
Project Management Simplified: Learn The Fundamentals of PMI's Framework ✓
 
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✅The best jobs no longer go to the best candidates. Times have changed. They now go to the people with the best strategies. We transformed over 5,000 careers. Join me at LIG and let me show you how yours will be the next career transformed; http://lig.academy Welcome to this week's episode where I make project management simple for you. To make it applicable to the majority of the audience, I am teaching Project Management Institute's (PMI) project management framework. ________________________________________________ Textbooks and frameworks are always boring. So, to make project management more interesting for you, I ran a project to demonstrate what steps to take and when. You won't regret spending 50 minutes to learn the basics of a wonderful practice called project management. You can also download all the templates I used in the session here (no need to register); https://thecareermastery.com/career-tips/project-management-simplified/ Although I strongly recommend you watch the entire session without skipping, for those of you who are just looking for snippets of information, you may find below the index of the video; 03:03 What is a project, program, and portfolio and how are they different from operations? 04:08 Project = Project Life Cycle + Project Management Process 04:43 Project Life Cycle 06:52 Process Groups 09:27 LIG, PMP certification or CAPM certification, which one is right for you? [Hint: I am biased!] 11:53 Process Groups - Initiation 13:06 Process Groups - Initiation - Project Charter 16:50 Process Groups - Initiation - Stakeholder Identification 18:17 Process Groups - Planning 20:30 Process Groups - Planning - Collecting Requirements 22:45 Process Groups - Planning - Defining the Scope 24:41 Process Groups - Planning - Scope Baseline 25:12 Process Groups - Planning - Work Breakdown Structure (WBS) 32:22 Process Groups - Planning - WBS Dictionary & Scope Creep 34:39 Process Groups - Planning - Time Management / Developing a Schedule 36:00 Process Groups - Planning - Gantt Chart 37:38 Process Groups - Planning - Fast Tracking a Project & Project Crashing 38:52 Process Groups - Planning - Cost Management 39:42 Process Groups - Planning - Budget development (for PMP or CAPM takers) 41:02 Process Groups - Executing 42:04 Process Groups - Executing - Gold Plating 43:16 Process Groups - Monitoring and Controlling 45:00 Process Groups - Monitoring and Controlling - Earned Value 47:57 Process Groups - Closing Process Group _______________________________________________________________ What is even a project? It definitely has a sexy tone to it right? Project… I just love the way it sounds. I wonder how cool it must sound in French. Proje… Well, project is a temporary endeavor to create a unique solution. Yeah that’s operations. No Well, the difference between a project and operations is fairly simple. A project ends. So, it’s temporary. You implement your project, you close it, you create a unique product/service/ or whatever outcome you wanted then you are done. Whereas in operations, it’s on-going and repetitive. You may have also heard about the terms program and portfolio. Let me just quickly explain them here. Program is multiple projects put together. Combined. And Portfolio is similarly. Multiple programs put together. So, it’s project, program, portfolio. Now before I go further, and dive deep. You need to understand something crucial. To run any project, you need 2 methodologies. The first one is a project life cycle and the second one is project management process. Most people confuse these 2. And if these are not clear, you can kiss the PMP certification goodbye. It’s absolutely amazing how many content creators in YouTube confuse these two. They are not interchangeable. You cannot afford to confuse a project life cycle with a project management process. Don’t worry I am going to make it very simple for you. Let’s start with Project Life Cycle. Project Life Cycle is unique to a project, to an industry, to your needs. It’s highly customizable. Think of it like this; a human development is a project. So, your life cycle is; 1) Conceiving 2) Birth 3) Childhood 4) Teenage hood. Teenage hood. Is that a word? Teenaging? 5) Adulthood 6) And death Easy stuff right? So, now if it was an IT project. I am not an IT but it would like something like this; High-level design Detailed Design Coding Testing Installation And Turnover This is project life cycle. The term cycle is a bit confusing here. I think. But who knows. This video covers; project management project management institute pmp project management professional certification project life cycle project management PMI managing a project project management fundamentals fundamentals of project management project management for beginners project management course
Views: 505106 Deniz Sasal
Project Budgets - Easy Redmine 2018
 
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Easily track planned and actual revenues, expenses and overall income using Easy Redmine 2018 Budgets plugin with integrated wage expense calculation based on number of worked hours and hourly rates. Easy Redmine is a web based collaborative project management application. It is used by companies from around the world to handle projects, tasks, schedules, resource utilization, budgets, attendance monitoring, support management and much more. Our goal is to make project management simple to grasp, so that the main efforts of our customers can be focused on their core business activities. More information on our website https://www.easyredmine.com/ For any questions, you can reach us at [email protected]
Views: 531 Easy Redmine
Introduction to developing a project budget
 
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Introduction to developing a sound project budget - recorded live at the Interreg CENTRAL EUROPE lead applicant training in Zagreb on 11 May 2016. For more information on Interreg, our transnational cooperation programme and the funding we provide, please take a look at www.interreg-central.eu
Managing Project Budgets for Professional Services
 
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Project teams with client-facing projects need additional financial data. Project Insight offers not only planned versus the actual, but also allows you to track what was proposed to the client, what is billable and, if you choose, what was invoiced. Project managers, project schedulers and financial resources will learn how to utilize these powerful financial features for increased project and organizational profitability.
Views: 39 Project Insight
Microsoft Dynamics AX: Project Budget
 
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This video walks through the setup and management of project budgets in Microsoft Dynamics AX 2012. Learn more at http://www.meritsolutions.com/products/dynamics_ax/
Views: 2451 Merit Solutions, Inc.
Tools for managing project budgets
 
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This video covers 5 tools available to project managers for managing budgets.
Views: 370 The Otobos Group
How To Budget And Save Money | Money Management Tips
 
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FREE COURSE To Start Your Online Business: http://projectlifemastery.com/free-course Are you looking for ways to stop letting money control your life? In this video, Stefan provides you with some money management tips for how to budget and save money. Saving is very important. You have to make sure that you are putting money aside every month. The problem is that most people do not budget or save their money. In fact, most people live paycheque to paycheque. Whatever money they earn goes directly to paying off their monthly expenses. Therefore, there is no positive cash flow that they can then use and put aside. Harv Eker said it best – “It comes down to this: Either you control money, or it controls you. To control money, you must manage it”. It's time to master your money so that you can move forward with your life goals and experience financial freedom! ★☆★ VIEW THE BLOG POST: ★☆★ http://projectlifemastery.com/how-to-budget-and-save-money/ ★☆★ SUBSCRIBE TO ME ON YOUTUBE: ★☆★ Subscribe ► http://projectlifemastery.com/youtube ★☆★ FOLLOW ME BELOW: ★☆★ Blog ► http://www.projectlifemastery.com Twitter ► http://www.projectlifemastery.com/twitter Twitter ► http://www.twitter.com/stefanjames23 Facebook ► http://www.projectlifemastery.com/facebook Facebook ► http://www.facebook.com/stefanjames23 Instagram ► http://projectlifemastery.com/instagram Instagram ► http://www.instagram.com/stefanjames23 Snapchat ► http://projectlifemastery.com/snapchat Periscope ► http://projectlifemastery.com/periscope iTunes Podcast ► http://www.projectlifemastery.com/itunes ★☆★ MY PRODUCTS & COURSES: ★☆★ Morning Ritual Mastery ► http://www.morningritualmastery.com Affiliate Marketing Mastery ► http://www.affiliatemarketingmastery.com Kindle Money Mastery ► http://www.kmoneymastery.com 24 Hour Book ► http://www.24hourbook.com Kindle Optimizer ► http://www.koptimizer.com ★☆★ WANT TO BE COACHED BY ME? ★☆★ You can apply for my 1-on-1 and group coaching programs here: http://projectlifemastery.com/coaching ★☆★ RECOMMENDED RESOURCES: ★☆★ http://www.projectlifemastery.com/resources If you found this video valuable, give it a like. If you know someone who needs to see it, share it. Leave a comment below with your thoughts. Add it to a playlist if you want to watch it later.
Views: 345918 Project Life Mastery
Costs under control: how to manage project budget? (PMP prep)
 
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Would you like to learn how to elaborate project budget and keep the costs under control? Check the full content - here is a special discount coupon: https://www.udemy.com/costs-control-how-to-manage-project-budget-pmp-pmi-pmbok-management/?couponCode=yt_29_2016
Views: 142 PMwars
Generate and Maintain Project Budgets
 
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This video introduces Oracle EBS Projects Budgets and instructs the viewer on how to generate and maintain their budgets.
Views: 9853 OracleEBSdemos
Managing OPEX/CAPEX costs and budgets in your projects with MS project
 
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In many organization, there is a requirement to identify and separate the OPEX costs from the CAPEX. More than that, an organization might impose two separate budgets on your project that you need to monitor, the OPEX budget and the CAPEX budget. Here is how to proceed on this.
Views: 12077 Stéphane Desrochers
How to Make a Budget in Excel - Part 1
 
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This is part 1/5 in a series of step-by-step instructional videos aimed to help the viewer learn how to create a simple yet versatile family budget for home use, w/ an emphasis on getting-out & staying-out of debt. This series is a viewer-driven series: comments, questions, and feedback are always welcome and used to create additional content. :::::FAQ::::: Q -- "Why don't you just upload a template for us to download so we don't have to make the whole thing?" A -- This is my most commonly received question. Let me answer it now. The reason I don't just upload a template is because I want users to be empowered. I want you to be educated and comfortable enough w/ Excel that you can adapt the budget to your life and the needs of your family, as ever changing as those will be. I myself have adapted and changed my budget in dozens of ways since the initial production, and I want to make sure users have the skills to make personal adaptations based on their needs, goals, and personal tastes. If I just said, "Here, use this" then I would only be selecting a small minority of the population who just happen to have the same organizational and functional style as me, as well as those whose situation and expenses are similar to my own. I want to reach out to many more than that small percentage, and they additionally gain Excel skills which can be useful in both personal and professional settings elsewhere in their life. Hopefully this helps explain why I have not and will not publish this sheet as a template. Don't forget to Like, Subscribe, and Share this video with anyone else you feel could benefit from learning how to Control their Money. This is the 2nd Edition of this video. If you have been redirected here from the 1st Edition, welcome! If you are a new viewer, welcome! You can view Part 2 of the series here: http://youtu.be/R3GZhAFqn6s To learn how to create a Golf Statistics Calculator in Excel, click here: http://youtu.be/6FxY0Y8_YLA Comments and feedback are welcome. Don't forget to subscribe to get updates and new videos on the Budget series as well as additional tutorials. Thanks to "Jeff & Danny" for contributing their music to the video. If you like the music, make sure to tell them in the comments below!
Views: 650104 Abyssal Spark
PMP | Course 7 | Project Cost Management | Module 3 | Determining Project Budgets
 
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PMP | Course 7 | Project Cost Management | Module 3 | Determining Project Budgets Determining Project Budgets Module Overview In this module, we're going to discuss what it takes to determine a project budget. First, we'll take a look at the Determine Budget process at a broad level. Then, we'll look at the concepts of contingency and management reserves in more detail. After that, we'll look at developing a baseline budget and then explore the process components for Determine Budget as found in the PMBOK guide. Let's get started.
Views: 11 24x7 Learning
Managing Project Budgets for Professional Services
 
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Project teams with client-facing projects need additional financial data. Project Insight offers not only planned versus the actual, but also allows you to track what was proposed to the client, what is billable and, if you choose, what was invoiced. Project managers, project schedulers and financial resources will learn how to utilize these powerful financial features for increased project and organizational profitability.
Views: 11 Project Insight
Project Budget Management for NetSuite
 
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If you are a project driven company, you need a simple way to manage your project budgets for expenses, purchases, time & labor, revenue and more. To stay profitable, you need to be able to quickly see your budget-to-actuals and track your budgeting process from creation to closure in order to see the impact of budget changes on your profit margins. Whether you use the top down or bottom up budgeting approach, this webinar will show you how you can seamlessly track, allocate, report and manage your project budgets in NetSuite.
Project Budgeting - Oracle ERP Cloud
 
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Project Budgeting with Oracle ERP Cloud - Oracle Cloud Project Financials www.projectp.com Project Budgeting with Oracle Financials provides insight to: - Portfolio planned profitability - Sold bill rates and margin by project role - Planned resources - Actual and forecast revenue, cost, and margin performance Do you get frustrated with not having a central view to the revenue and margin of sold projects? Do you find your Project Managers and financial reporting teams manually tracking budgets with spreadsheets? As an integral component for any professional services organization, we will walk through the basic structure of Project Budgeting and how it can be easily used to baseline the financial revenues, cost, and margin associated with a client project. As part of Project Financial Management it serves as the benchmark for Key Performance Indicators such as project margin percentage, financial overruns, and non-billable cost percentage. Oracle Cloud Project Financials empowers Project Managers, Finance, and Management with visibility and controls to manage contract profitability and project budgeting. Watch more - Oracle ERP Cloud Video Series https://www.youtube.com/playlist?list=PLfXUn9jWAbhJbNI1tEiU-L2i2VejYlYdE Website: http://www.projectp.com Blog: http://www.projectp.com/ppblog/ LinkedIn: http://www.linkedin.com/company/project-partners-llc Twitter: http://www.twitter.com/project_experts
Views: 709 ProjectPartnersLLC
Project Budgeting Overview in Oracle PPM Cloud
 
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This video helps you understand the overview of PPM (Project Portfolio Management), Project Financial Management for project budgeting includes the components such as project control, project foundation, project cost etc using a case study. Enroll for our complete trainings at: www.apps2fusion.com/packages Also, visit us at : http://apps2fusion.com/ Contact us at: [email protected] or +44-207-193-5456 | +1-650-318-5241 Follow Us On: Facebook: https://www.facebook.com/apps2fusion Twitter: https://twitter.com/apps2fusion LinkedIn: https://www.linkedin.com/company/apps2fusion Youtube: https://www.youtube.com/c/apps2fusion
Views: 923 apps2fusion
How to manage project budgets and estimates using MindMup
 
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If you like to plan projects or break down tasks using mind maps, you've probably had to type everything over into a spreadsheet or manually track budgets and resources. That's error prone and slow. MindMup allows visual thinkers to manage projects easier by keeping everything in the same tool, using an embedded spreadsheet and adding estimates up the hierarchy. Here is a quick video showing how to use MindMup measurements.
Views: 5548 MindMup
Microsoft Project 2016 Tutorial-Using the Budget Resource
 
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This is a short tutorial on using the Budget resource in Project 2016. During this session we will take a closer look at working with the budget cost column along with cost resource type with the budget designation. Checkout some of our other training videos on YouTube: Microsoft Project 2016 Getting Started Tutorial: https://www.youtube.com/watch?v=RaSeydaLHjY&index=3&list=UUs0HFzHKh73OqAVFZpJZD9g Microsoft Office 365 Project Online Tutorial (Importing Projects): https://www.youtube.com/watch?v=fuSn_piXJLw&list=UUs0HFzHKh73OqAVFZpJZD9g&index=6&shuffle=1308&spfreload=5 Microsoft Project Online for Administrators: https://www.youtube.com/watch?v=rfMnwXSDPZ0&index=8&list=UUs0HFzHKh73OqAVFZpJZD9g&shuffle=4154 Microsoft Project Online for Project Managers Agenda: https://www.youtube.com/watch?v=Pt5--W3KjyA&index=16&list=UUs0HFzHKh73OqAVFZpJZD9g Microsoft SharePoint Online for Power Users: https://www.youtube.com/watch?v=XH3M_rMm5pc&list=UUs0HFzHKh73OqAVFZpJZD9g&index=9 Let's get Connected! Classroom On Demand: http://classroom-ondemand.com YouTube Channel: https://www.youtube.com/channel/UCs0HFzHKh73OqAVFZpJZD9g Facebook: https://www.facebook.com/letslearn24/ Twitter: https://twitter.com/letslearn24 Google+: https://plus.google.com/u/1/100027341263869935320 Give us a "thumbs up" and subscribe to the channel ;-) Feel free to ask questions as we are here to help you learn!
Views: 7185 Classroom On Demand
Twenty20 Construction: Project Budget Management
 
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Overview of project budgets -how to create and import them and make budget adjustments. Quick overview of the cost analysis report.
How to Set Costs for Tasks in Microsoft Project 2016
 
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Get my free 3 hour course for Project 2016 course ► https://simonsezit.leadpages.co/free-project-2016-course/ Get 20 training videos to help you learn MS Project 2016. Click here to get the free course: https://simonsezit.leadpages.co/free-project-2016-course/ Get the complete 9-hour Project 2016 training course here ► http://www.simonsezit.com/courses/microsoft/learn-microsoft-project-2016-training-tutorials/ During this Microsoft Project 2016 training tutorial video, we will discuss the process of setting cost for each of your tasks; how you accrue a particular cost whether at start, end, or prorated; and which calendar is used by a resource. Checkout some of our other training on YouTube: Excel 2016 training: https://www.youtube.com/playlist?list=PLzj7TwUeMQ3hFUdlWMkTLZL-Fr3oRGN35 Project 2013 training: https://www.youtube.com/playlist?list=PLzj7TwUeMQ3i1QJ6-Z91KRjFg5dzacD1O VBA for Excel tutorials: https://www.youtube.com/playlist?list=PLzj7TwUeMQ3hWRi0mgxdyWkT0QaYKuBGZ Visio 2013 for beginners: https://www.youtube.com/playlist?list=PLzj7TwUeMQ3jpAwkTGD6hGNxF8ML_FfsF SharePoint 2013 training: https://www.youtube.com/playlist?list=PLzj7TwUeMQ3jloGuvewOe0Iv1EE2POKge Stay in touch: SimonSezIT.com: http://www.simonsezit.com/ StreamSkill.com: http://streamskill.com/ YouTube Channel: http://bit.ly/foiItB Facebook: http://on.fb.me/14m8Rwl Twitter: http://bit.ly/177EU5J Google+: http://bit.ly/11JbHdb If you enjoyed the video, please give a "thumbs up" and subscribe to the channel ;-) Hello again and welcome back to our course on Project 2016. In this section we’re going to start to look at Costs. And I’m going to begin by looking at the bathroom refit project. We’re going to look at some basic aspects of costs in this project. Then I’m going to set you Exercise 05 to do, put in a little bit more detail about cost in relation to the bathroom refit. And then in the section after that we’re going to look at a couple of other more general aspects of cost and we’re going to also look at the cost for the wedding. So first of all let’s look at the cost for the bathroom refit. And what I’m preparing here is version 05A of the bathroom refit project. And I’m going to go to the Resource Sheet and we’re going to look first of all at the cost related to the electrician. Now for work resources, generally, basically we would need at least a standard rate for a cost. And by default cost rate is entered in currency units per hour. You can express it, for instance, in cost per day but we’ll stick with per hour. And I’m going to put the electrician cost as $25 per hour as a standard rate. That’s the STD column. And I’m going to put it as $40 per hour for the overtime rate. Now as soon as I do that if I go back to the project itself, so let me just switch back to the Gantt Chart. There’s not really any noticeable different on that at all. But if I go to Project Information on the Project Tab and click on the Statistics button I’ll now see that I’ve got for the first time a cost for the bathroom refit. And it comes out, currently, at $800. Now the reason it’s $800 is of course because the electrician is scheduled to do 32 hours of work on the project. So the first fix electric is two days work. That’s 16 hours at $25. That’s $400. And then the second fix electric is the same amount, another $400. So let’s close that and let me return to the Resource Sheet. Now let’s take a look at a couple of other aspects of the cost of a work resource. We also specified here an overtime rate. And if for example I needed to get the electrician to work overtime, so to work outside the electrician’s normal hours of work then that is the rate I would need to pay the electrician at. This difference between standard rate and overtime rate can of course be very significant because it may increase the cost of, for example, keeping a project on time that is starting to slip. And sometimes you have to balance the cost of a delay against the additional cost of keeping on schedule. Cost per use relates to an additional cost for each time you might need to use a resource. This may apply to a work resource. So you may, for instance, have an agency hiring fee to pay or something like that. But it also could relate, for example, to a piece of equipment, the delivery cost of a pump or a special piece of machinery. Sorry, we couldn't fit the entire video transcription here since YouTube only allows 5000 characters.
Views: 23013 Simon Sez IT
Financial Management Clarity PPM v13 Demo Series 3/5
 
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Financial Management We set departmental budgets, based on project budgets, at the start of each year and then just seem to ignore them. I think some projects under spend and the majority overspend their budgets. Can you show me how we can accurately plan the cost of projects, set budgets and then track spend against those budgets? For more information on Digital Celerity's Expert Consulting Services and Solutions visit http://digitalcelerity.com call or email us at: (888) 963-8876 or [email protected]
Views: 8551 DigitalCelerityTV
Real Estate Rehab Project Management:  Estimating Costs, Tracking Expenses, Reporting and More!
 
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Rehab and New Construction Project Management is rarely taught and even more rarely done correctly! This video shows you how to create easy, accurate rehab budgets and scopes of work, organize your bids in one place, track your ongoing expenses, create real-time reporting for each project and much more! This is a project management, accounting, and reporting solution for rehabs and new construction projects. No matter whether you do light renovations or large ground up developments, you can use this system to save massive amounts of time AND money! More details about Rehab Valuator software at https://RehabValuator.com
Views: 667 RehabValuator
Hard Dollar Project Cost Management V12: Managing Multiple Control Budgets
 
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http://www.harddollar.com | Managing multiple control budgets in Hard Dollar Project Cost Management V12.
Views: 712 Hard Dollar
NPV - Net Present Value, IRR - Internal Rate of Return, Payback Period.
 
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Project management topic on Capital budgeting techniques - NPV - Net Present Value, IRR - Internal Rate of Return, Payback Period, Profitability Index or Benefit Cost Ratio.
Views: 411747 pmtycoon
How to Manage Budgets in SAP Business One
 
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As part of our training series, Michell Consulting Group hosted a webinar on How to Manage Budgets in SAP Business One. During this training video, we will have an overview of How to Manage your Budgets in SAP Business One entails. Join us to learn how to navigate through the following items: • Defining Budget Settings • Defining Budget Distribution Methods • Using Budget Scenarios • Defining a Budget • Working with Budgets For more information or help, please feel free to contact us at any time. Michell Consulting Group 8240 NW 52nd Terrace, Suite 410 Doral, Florida 33166-7766 1-800-442-5011 or (305) 592-5433 Michell Consulting Group specializes in ERP software and managed IT services, providing each client with unparalleled service and support. Michell Consulting is a SAP Gold Partner.
Ten expert tips for project budgets
 
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This video includes 10 tips from project management experts about how to manage your project budgets more effectively.
Views: 97 The Otobos Group
Money Management 101: How To Manage Your Money For Financial Freedom
 
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Join Life Mastery Accelerator: http://lifemasteryaccelerator.com/ In this video I show you how to manage your money for financial freedom. Being financially free isn't just about making a lot of money. Instead, it's about learning how to be smart with your money, and using it in a way that ensures that you can live the life that you desire, both now and in your future. A lot of people struggle with basic money management skills, and end up learning the hard way by, in the form of a mountain of debt and financial stress. Before you can even think about investing, you need to learn how to manage your money. Money management is the one skill that every successful person has mastered.  If you possess a scarcity mindset and don’t do the work to change your habits, it’s almost a guarantee that you will end up in the exact same place you were in before - drowning in debt. Are you ready to learn how to manage your money for financial freedom? ★☆★ VIEW THE BLOG POST: ★☆★ http://projectlifemastery.com/money-management-101/ ★☆★ SUBSCRIBE TO ME ON YOUTUBE: ★☆★ Subscribe ► http://projectlifemastery.com/youtube ★☆★ FOLLOW ME BELOW: ★☆★ Blog ► http://www.projectlifemastery.com Twitter ► http://www.projectlifemastery.com/twitter Twitter ► http://www.twitter.com/stefanjames23 Facebook ► http://www.projectlifemastery.com/facebook Facebook ► http://www.facebook.com/stefanjames23 Instagram ► http://projectlifemastery.com/instagram Instagram ► http://www.instagram.com/stefanjames23 Snapchat ► http://projectlifemastery.com/snapchat Periscope ► http://projectlifemastery.com/periscope iTunes Podcast ► http://www.projectlifemastery.com/itunes ★☆★ ABOUT PROJECT LIFE MASTERY: ★☆★ The Project Life Mastery YouTube channel is the place to be for motivational, inspiring, educational, and uplifting self improvement videos. You can also follow for videos about online business, Amazon, and making money online! ★☆★ MY PRODUCTS & COURSES: ★☆★ Life Mastery Accelerator ► http://www.lifemasteryaccelerator.com Online Business Mastery Accelerator ► http://www.onlinebusinessmasteryaccelerator.com Morning Ritual Mastery ► http://www.morningritualmastery.com Affiliate Marketing Mastery ► http://www.affiliatemarketingmastery.com Kindle Money Mastery ► http://www.kmoneymastery.com 24 Hour Book Program ► http://www.24hourbook.com Kindle Optimizer ► http://www.koptimizer.com ★☆★ MERCHANDISE: ★☆★ Mastery Apparel ► http://www.masteryapparel.com ★☆★ RECOMMENDED RESOURCES: ★☆★ http://www.projectlifemastery.com/resources If you found this video valuable, give it a like. If you know someone who needs to see it, share it. Leave a comment below with your thoughts. Add it to a playlist if you want to watch it later.
Views: 80573 Project Life Mastery

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