Mastering Project Management: Controlling Time, Money, and Risk: A Competency-Based Guidebook Focused on Project Business Management—Includes PM Test Prep Questions

Mastering Project Managementis a three-part book series designed for individuals such as technical specialists, apprentices, frontline leaders, engineers, managers, and project stakeholders who manage or anticipate managing workplace projects.

This Book 3, Controlling Time, Money, and Risk, focuses on the business management side of project management. This book aims to help you effectively manage and control your projects. The book also discusses how to measure project performance and adjust as needed to ensure your projects are completed on time and within budget. Effective business management is critical to the success of any project. By mastering the skills and techniques discussed in this book, you can effectively control the time, money, and risk associated with your projects, leading to better outcomes for your organization.

This book also focuses on the competency areas of Resource Usage and Management, Understanding Systems, Financial Management and Budgeting, Self-Direction, Decisiveness, Planning and Evaluation, and Management Controls, which are incorporated into the four chapters outlined below.

Book 3 Controlling Time, Money, and Risk

• Identifying and Mitigating Project Risk
• Controlling Project Costs and Budgets
• Managing Time and Project Meetings
• Completing and Closing Projects

• I’m 6 years into my career and this is the first time I have been exposed to simple time-management techniques. Some of the areas like SMART goals were a new concept. I wish I had learned these a long time ago. I plan to use the tools immediately.
• I thought I knew the fundamentals for identifying risks and reviewing costs and budgets, but I sure learned a lot more. The items covered gave me a new appreciation for our purchasing and accounting folks.
• The human resources cases pointed out what a project manager should and shouldn’t do when faced with the multitude of everyday situations and that ignorance of law is not an excuse if litigation takes place.