Without money, construction projects will never begin. The construction management process is powered by money. Therefore, one of the most crucial steps in building a construction plan is creating a construction budget. What Is a Construction Budget? A construction budget is an estimation of the amount of money needed to complete a construction project from… Continue reading Budgeting for Small Construction Business
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Earned Value Management
Monitor Project Performance Using Earned Value Management Earned Value Management (or EVM) is a technique widely used for measuring project performance against the project baseline, in most cases the original budget. A crucial Key Performance Indicator (KPI) The earned value calculations is a top priority for studing among all project managers that want to get… Continue reading Earned Value Management
Budgeting using Cost Breakdown Structure – Infographic
Business Budgeting is not as hard as it seems to be. If you start a small business, in this post you can see a useful infographic image on how to do budgeting using Cost Breakdown Structure in 5 easy steps. These five steps are required to start budgeting for your business and Rabio can be… Continue reading Budgeting using Cost Breakdown Structure – Infographic
Budget Management Software
In this post we are going to see why Rabio is a smart solution when you need a Budget Management Software for your personal or your business needs. What is Budget Management Software? Budget Management Software is any computer program that helps an individual or business design, manage, monitor and alter their budget. Is Rabio… Continue reading Budget Management Software
What is a Cost Breakdown Structure (CBS)? Why is it important?
When it comes to project cost controlling a critical part of it is to have a structure for estimating and following up project costs. A solid structure makes is easier to control and understand how your project is tracking against the planned budget. This article describes what a Cost Breakdown Structure (CBS) is and why… Continue reading What is a Cost Breakdown Structure (CBS)? Why is it important?
Cost Control & Expense Control Tips
If you want to understand cost control, it is necessary to understand why it is used: monitoring expenses and identifying risks in order to increase profits. Do not be confused with cost management, cost control has its own way of operations and objectives that can save businesses money and give profit. What Is Cost Control?… Continue reading Cost Control & Expense Control Tips
Fleet Management
What is Fleet Management? Businesses that use transportation implement fleet management system in order to control costs, productivity, fuel management, and compliance. A good fleet management has to be comprised of several different tasks to keep vehicles and operations running without problems. Best practices involve the use of new technology solutions and specialized software to… Continue reading Fleet Management
History of Rabio
As almost everything in life, Rabio is having a history behind it. Before Rabio even existed as an idea, there were many years of experience on software projects using the cost breakdown structure (CBS). The Beginning It all started more than 20 years ago while working on software projects powered by Oracle databases and utilities… Continue reading History of Rabio
What is the Cost Breakdown Structure?
Rabio data structure is based on the Cost Breakdown Structure (CBS). In this post we are going to see in detail what is the CBS and how it is involved in Rabio form and reporting system. Developing a Project For the development of a project, it is necessary a CBS which is a cost allocation to the… Continue reading What is the Cost Breakdown Structure?
5 Biggest Challenges of Effective Cost Control and How to Overcome Them?
As the world grapples with the pandemic changes, the need for businesses to implement effective cost control measures is becoming more critical to remain in operation. A recent Forbes report projects that 25% of global public companies will likely run out of financial resources in the next six months unless they cut costs. By putting… Continue reading 5 Biggest Challenges of Effective Cost Control and How to Overcome Them?