Category: Annual Budget

Annual Budget, Bidding & Tendering, Budget, PPMO, Project Cost Controls, Project Portfolio Management Office

Project Reporting: Avoiding the Pitfalls of Survivorship Bias

Project Reporting: Avoiding Survivorship Bias Project Reporting: Avoiding the Pitfalls of Survivorship Bias As the mid-year report review for your project’s approaches, consider the type of project reports you are reviewing. Do they include any Survivorship Bias understanding and reporting? 🤔 What is Survivorship Bias? Survivorship bias or survival bias is the logical error of concentrating on entities that passed a selection process while overlooking those that did not. This can lead to incorrect conclusions because of incomplete data. These […]

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Annual Budget, Budget, Cost Control, EPMO, EPPM, Forecast, PMO, Project Cost Controls, Resources Planning, Shared Resources

Forecasting EPMO & EPPM Costs: Best Practices for Strategic Success

Forecasting EPMO & EPPM Costs: Best Practices for Strategic Success – ZALBASIREPPM Forecasting EPMO & EPPM Costs: Best Practices for Strategic Success Navigating the complexities of budgeting for permanent, shared, and non-project staff in Project-Based Organizations. The Strategic Imperative of Accurate Forecasting Accurate annual cost forecasting for EPMO (Enterprise Project Management Office) and EPPM (Enterprise Project Portfolio Management) is a critical capability for any Project-Based Organization (PBO). Beyond merely allocating funds, precise forecasting enables strategic decision-making, optimizes resource utilization, and […]

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