How to create a SIMPLE PROJECT BUDGET (in EXCEL) | Resource VS NRE | BEGINNERS PACK 2/3

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  • Опубликовано: 27 окт 2024

Комментарии • 140

  • @suave2841
    @suave2841 2 года назад +18

    The way you break these things down is mind blowing. Well done Ire.

    • @pitolinmotion
      @pitolinmotion  2 года назад +2

      🤗🤗🤗 thank you so much. Just happy you understood what I was trying to say😅 this one was actually very tricky to explain in a simple way haha

    • @carolopara6069
      @carolopara6069 Год назад +2

      ​@@pitolinmotion I just looked up how much Etsy sellers have made over the course of having their stores selling project management templates and the person has best seller check with 52000 sales& it scrams money, money, money😅.You need to jump on it and kill it for us we believe in you!❤ I don't know but I am excited for you😊😊😅❤❤❤.

    • @pitolinmotion
      @pitolinmotion  Год назад +1

      😅😅 I’ll keep this in mind ! Thank you 🥰🙌🏾

  • @samiraghiti4003
    @samiraghiti4003 2 года назад +13

    Thank you so much for all your efforts. Your tutorials are a hit, I can't tell you how much I learned from you, you made every single aspect of project management simple and clear. Your strength lies in your simplicity, you really stand out amongst the crowd on You Tube.

    • @pitolinmotion
      @pitolinmotion  2 года назад +3

      🤗🤗🤗 thanks so much. That’s really encouraging ! I’ll try to keep it up x

    • @m77ast
      @m77ast Год назад

      I agree completely. Without simplicity, understanding is near impossible... She is doing an excellent job.. cant wait for her course...

  • @jok8331
    @jok8331 2 года назад +4

    Stumbled upon this site and love the simple yet effective way of explaining things. Great job!

  • @ebubeokafor588
    @ebubeokafor588 2 года назад +2

    You break things down so well that it makes it so easy for someone new to PM to understand.. thank you so much.

  • @erazmuz
    @erazmuz Год назад +1

    All I can say is thank you .. I hope I break through this career path, amen!

    • @pitolinmotion
      @pitolinmotion  Год назад +1

      I hope so for you too ! 🤗 (thanks for supporting the channel !

  • @marierosekamga8767
    @marierosekamga8767 4 месяца назад

    Your tutorial is clear, precise and concise, hit the nail on the head, well elaborated.

    • @pitolinmotion
      @pitolinmotion  4 месяца назад

      Thank you for this feedback. Much appreciated 🤗🤗

  • @Shoulderdevil2023
    @Shoulderdevil2023 9 месяцев назад

    great presentation- straight forward methods to understand how to budget!

  • @peculiarakinloye6186
    @peculiarakinloye6186 2 года назад +1

    thanks so much ire, i found this very helpful.
    im currently making a career shift into project management and after each of your training video, i feel like im ready to thrive in the project management industry

  • @raneeamo
    @raneeamo 21 день назад

    Very nice presentation and god detailed explanation.This is going to help me a lot Thank you again

  • @Bonniebontleng
    @Bonniebontleng 3 месяца назад

    May God bless you and do bring more content. You always simplify things and easy for us, newbies, to relate to. There is a lot I understand now from you explanations. I read books and watched vedios to understand things like bussines case and project chatter, but no joy. Till I bumped into your channel. I can't move anway. Thanks a million.

    • @pitolinmotion
      @pitolinmotion  3 месяца назад +1

      🫶🏾🙌🏾 thanks for the kind works and encouragement

  • @everyday-magic
    @everyday-magic 2 года назад +1

    thank you so much for this wonderful tutorial. it is a great way to start in my PM journey. Thank you.

  • @m77ast
    @m77ast 2 года назад

    I already subscribed.
    That last video project schedule I just watched was my first video of you that I watched. It had way too much value.

  • @titonwonye5584
    @titonwonye5584 2 года назад

    Thank you so much Ire for sharing your knowledge....

  • @FedeDiver1
    @FedeDiver1 Год назад

    Your videos are great and you are super clear! I'm using them as an integration to an actual PM course that I'm taking, and you are helping me a lot with the assignments, thanks! :)

  • @mohamedali4141-m
    @mohamedali4141-m Год назад +1

    Very amazing video, thanks for your effort siz.

  • @officialjerikoo
    @officialjerikoo 7 месяцев назад

    Thank you so much Ire, it was indeed an eye opener to a lot

    • @pitolinmotion
      @pitolinmotion  7 месяцев назад

      You are welcome !!! ☺️

    • @officialjerikoo
      @officialjerikoo 7 месяцев назад

      Thank you! However I’ve been trying to produce a replica of the Project Budget template on Excel both for the Resource and NRS and it’s been kinda difficult trying to format the sheet, how do I go about this 🙏🏻

    • @pitolinmotion
      @pitolinmotion  7 месяцев назад

      It’s for sale on my website :) feel free to check it out :)

  • @abiolaonifade6291
    @abiolaonifade6291 2 года назад +1

    love this background!

    • @pitolinmotion
      @pitolinmotion  2 года назад

      Thank you boo! It’s a work in progress! But it’s probs gonna be the new background for a couple months 😬

  • @dziggy983
    @dziggy983 10 месяцев назад

    Dear Ire, thank you so so much for this video. This is great ! I would only like to ask you two things regarding this video and they are: What does FY (Current FY forecast) and 3PY (Supplier/3PY) stand for ? One more time, really great job and I must say you are natural when explaining. Best of luck in future work :) Chears

    • @pitolinmotion
      @pitolinmotion  10 месяцев назад +1

      Hey thank you !
      FY = Financial Year
      3PY = 3rd party

  • @calvinjennings23
    @calvinjennings23 2 года назад

    Thank you so so much for this helpful resource!! Greatly appreciate your videos and insightful content!! :)

    • @pitolinmotion
      @pitolinmotion  2 года назад +1

      Thank you ! Appreciate the comment and glad the vids are helpful 🤗

  • @ibienesamuel-tamuno5770
    @ibienesamuel-tamuno5770 2 года назад

    This is so helpful.. Thanks for taking the time to do these. And yes the templates will be lovely to have. Thanks Ire

    • @pitolinmotion
      @pitolinmotion  2 года назад

      Thank you for the support ! And no worries, the templates are available now at pitolinmotion.com/store :)

  • @sapnashapero1122
    @sapnashapero1122 Год назад +2

    This is so helpful to me. I’m starting my new role as PM in Jan, having never “formerly” done it before so these are so so useful for me as real practical guides to help me set myself up! Quick question, how do your teams record actual time spent? Do they submit timesheets? Would recommend using something like clockify?

    • @pitolinmotion
      @pitolinmotion  Год назад +1

      Hey! Love that and youve got this! So yes, all the organisations I’ve used have used timesheets . The organisation chooses the platform for the timesheets so I can’t recommend here (in my experience)

    • @catherinedouglas9845
      @catherinedouglas9845 Год назад

      Hi, we are basically in the same situation where I have never "formally" done these before. I am preparing for an interview and fear these direct questions. Any advise as to how I can coin a response these direct questions such as preparation of schedule and budget etc?

    • @pitolinmotion
      @pitolinmotion  Год назад +2

      I’d just research and have a very good theoretical knowledge of how things are done. Then mix that in with confidence that you’d be able to do it, even though you haven’t yet before

  • @andylhowell
    @andylhowell 2 года назад

    Great Video. Very helpful. Looking forward to the templates

  • @Lavieestbelle04
    @Lavieestbelle04 2 года назад

    Hey girl!!!! I applied to two different project manager roles with my company!!!! Fingers crossed !! Wish me luck ❤️

    • @pitolinmotion
      @pitolinmotion  2 года назад +1

      Yes!!!!!!! You go girly, and you already know you got this. I ain’t even gotta tell yah💁🏽‍♀️ I’m routing for you🎉✨ please lemme know how it goes too x

    • @Lavieestbelle04
      @Lavieestbelle04 2 года назад

      @@pitolinmotion thanks so much!! I will definitely keep you posted ❤️

  • @tosinvincent6026
    @tosinvincent6026 10 месяцев назад

    Hi Ire, Thanks for your awesome work, I agree completely with everyone, Your simplicity makes it looks so easy to understands. Can I use this at a team delivery level?

    • @pitolinmotion
      @pitolinmotion  10 месяцев назад

      Hey thank you and yea if it’s appropriate for your project, why not

  • @ansarymariama2467
    @ansarymariama2467 7 месяцев назад

    Well well done❤❤❤❤

  • @lisengandu9550
    @lisengandu9550 7 месяцев назад

    Thank you so much! do you have any advice on project management portfolio?

    • @pitolinmotion
      @pitolinmotion  7 месяцев назад

      Hey, can you be a bit more specific or add some detail as to what you’re after ?

  • @Memelovespeace
    @Memelovespeace 2 года назад

    I appreciate this video so much!

  • @joelgregory1097
    @joelgregory1097 Год назад

    This is really great 👍🏻

  • @coutourplusconfidence8302
    @coutourplusconfidence8302 Год назад

    Great info thank you

  • @abrahamayabam3381
    @abrahamayabam3381 2 года назад

    This made a whole lot of sense. Would you be doing anything on Risks in managing Projects anytime soon, it will be great to learn this from your wealth of experience? You do know how to break down PM in simple ways. Keep them coming please. Thanks for sharing

    • @pitolinmotion
      @pitolinmotion  2 года назад +1

      Thank you 🤗 yeah I will be doing a break down on RAID in part 3… I donno about sometime soon 😅 as I’m super busy right now. And it takes time to prep. But hopefully I’ll have it out in a month or so

    • @abrahamayabam3381
      @abrahamayabam3381 2 года назад

      @@pitolinmotion waiting impatiently 😁

  • @Bentleys-Mom
    @Bentleys-Mom 2 года назад

    Thank you for this particular vid. Very helpful. I would love a template if you have the time.

    • @pitolinmotion
      @pitolinmotion  2 года назад

      Hiya! Thank you! And the templates are a available on my website pitolinmotion.com:)

  • @tetianahorlach4443
    @tetianahorlach4443 2 года назад +1

    Hey Ire! Thanks for sharing your knowledge. Could you please also advise on how costs are build? Based on what factors you decide what's gonna be the cost per role. It's clear that role depends on skills of engineer, but it's very interesting how you cone up with price.
    Looking forward to hear from you, thanks in advsnce!

    • @pitolinmotion
      @pitolinmotion  2 года назад +2

      Hey and no worries! I’m actually working on a course that goes in to more detail about actually day to day project management and practically how to do things. So I won’t be putting out a video on the above. As it will be covered in that course. Make sure you look out for it🎉

    • @isteera
      @isteera 2 года назад

      Hey Ire definitely would be a useful course. Where will you announce the course? Yt/Instagram? Don’t want to miss out

    • @pitolinmotion
      @pitolinmotion  2 года назад +1

      Hey, I’ll do it on both. So Dw you shouldn’t miss it :)

    • @isteera
      @isteera 2 года назад

      @@pitolinmotion ok great. Roughly any idea on when it will be out? this year, next year? Obviously don’t have to give the exact time.

    • @pitolinmotion
      @pitolinmotion  2 года назад

      Sure thing! It will be Q1 next year my God’s Grace :)

  • @m77ast
    @m77ast 2 года назад

    Excellent

  • @onekamorrison2693
    @onekamorrison2693 2 года назад

    Hello Ire, I'm transitioning to a new construction project managmt role and these videos are really helpful. would appreciate the templates. Thanks!!

    • @pitolinmotion
      @pitolinmotion  2 года назад +3

      Hiya lovely. Yay! Glad it’s helped :) working on getting the website together and the templates should be out soon :)

  • @kellymaslen7998
    @kellymaslen7998 2 года назад

    Amazing video. Would love some templates!

  • @kenishaanne7540
    @kenishaanne7540 2 года назад

    Hi there! Thanks for the detailed video! Not sure if you shared the link already. I’d love to use your template and play around with. Thanks so much!

    • @pitolinmotion
      @pitolinmotion  2 года назад

      Hey girly. It will be available on my website shortly x I’ll let you know

  • @AWholeVibe96
    @AWholeVibe96 2 года назад

    Are you still going to do a follow-up video to show how to setup the templates you used? I think it would be very useful!

    • @pitolinmotion
      @pitolinmotion  2 года назад

      Hey! I’ve explained it in this video. Buy either way they are available on my website too :)

  • @abitonomatsone
    @abitonomatsone 2 года назад

    Hi Ire, thanks for the video. I've been enjoying your videos!
    I was wondering if you could do a video about studying for PRINCE2?

    • @pitolinmotion
      @pitolinmotion  2 года назад +2

      Thank you! :) and there’s nothing really I can say on studying for Prince2 really. I did mine in a week extensive course so it wasn’t really self learnt , and I got lots of tips from the Instructor. Plus I did it like 4 years ago haha. Sorry I can’t be more helpful in that regard

  • @catherinedouglas9845
    @catherinedouglas9845 Год назад

    This is very helpful for me as I start my forma project management journey. Question. For the entire baseline, do you add the resource tab along with the FTC tab for the entire baseline?

    • @pitolinmotion
      @pitolinmotion  Год назад +1

      Thanks! And no you don’t. It’s just a template. You don’t even need FTC, however it’s just a useful way to know how much you’re likely to spend

  • @sidikikeita9793
    @sidikikeita9793 Год назад

    I liked your video. The only thing I don’t understand is how did you determine the work days.

    • @pitolinmotion
      @pitolinmotion  Год назад

      Thanks, generally you’ll need to ask the technical resource how long it would take to get tasks done then estimate. The more knowledge you have about the task the easier the estimation process will be

  • @markturnquest1459
    @markturnquest1459 Год назад

    Hi,
    Can you please do a video on BUSINESS CASE?

    • @pitolinmotion
      @pitolinmotion  Год назад

      Hey check out my video on project documentation :) there’s a segment in there about the business case

  • @eneebong5181
    @eneebong5181 2 года назад

    Thanks 👍

  • @matthewolanrewaju2443
    @matthewolanrewaju2443 5 месяцев назад

    Great video. I have a question. If my budget is 30k, is it correct my cost baseline will be lower say like 27k pr will it be more?
    Kindly explain. Thanks

    • @pitolinmotion
      @pitolinmotion  5 месяцев назад

      No your baseline is just the figure you have said it will cost to complete the project, at the start of the project. So in your last it may be 30k or 27k how much it will cost

  • @isaacodumbo300
    @isaacodumbo300 10 месяцев назад

    thank you for the correction.

  • @acestepz
    @acestepz 2 года назад +1

    Hey Ire, thank you for this! It makes the practical side of project management really accessible.
    I have one question - is the assumption that this is the only project the employees are working on (for the sake of the example)? E.g. Engineer 1 spent 100% of their time on the project, so I’m guessing that is 100% of their total time of their work (they’re not working on anything else apart from this one project).
    Asking this cos my time at work is usually split between different projects so just would like some clarification 😅 in real life, I’m guessing this percentages will be much lower right? thank you!

    • @pitolinmotion
      @pitolinmotion  2 года назад +1

      Hiya there! And no probs! To answer your question. Yes! I just wanted to keep it simple. So for example as a PM If you only spend 50% on this project 25% on another and 25% on another. That’s totally cool. You would only budget for 50% of your time on this project. :)

    • @m77ast
      @m77ast 2 года назад

      Based on the assumption / fact in reality that one human cannot be in 2 places / doing 2 different things at the same time.

  • @moutassembakraa3520
    @moutassembakraa3520 2 года назад +1

    I am currently studying a master's in project management. Can I apply project management tools to enter the field of e-commerce or entrepreneurship in general?

    • @pitolinmotion
      @pitolinmotion  2 года назад +1

      Hiya. I don’t think quite understand this question.

    • @moutassembakraa3520
      @moutassembakraa3520 2 года назад

      @@pitolinmotion Is project management applied to the field of e-commerce and entrepreneurship, or is project management for mega projects?

    • @pitolinmotion
      @pitolinmotion  2 года назад +1

      @@moutassembakraa3520 you can defo use the skills and tools set designed for project management for e-commerce projects and entrepreneurship

    • @pitolinmotion
      @pitolinmotion  2 года назад +1

      I personally think there is aspects of project management in most business models and career paths

  • @salonidesai2755
    @salonidesai2755 2 года назад

    Hey Ire, I have a question for you.
    I m a beginner who just graduated. Also, I have never worked before. Which job role should I select to enter in Project Management?

    • @pitolinmotion
      @pitolinmotion  2 года назад +1

      Hey you have a few options, my biggest advice is to try and find a graduate project management role. As they will train you from the ground up. It is by far the fastest route into project management. Check out my video on graduate roles for more info. Alternatively , try applying for trainee project manager, project coordinator and junior project management roles x

  • @darkeye306
    @darkeye306 2 года назад +1

    Sista please more videos.

  • @m77ast
    @m77ast 2 года назад

    Materials eg in building - cement it’s not a one off cost it is needed all through the project. Is that NRE as well?

    • @pitolinmotion
      @pitolinmotion  2 года назад

      Hey it is NRE as NRE encompasses all costs required for the duration of the project. It’s one off in regards that it will not be recurring spend once the project is complete

    • @m77ast
      @m77ast 2 года назад

      @@pitolinmotion Jolly good. Much appreciated.

    • @m77ast
      @m77ast 2 года назад

      Now I need to watch your forecasting video if I can find it - then I have to go for my 45 min prayer walk - then I can get on with the rest of my day. 😀

    • @pitolinmotion
      @pitolinmotion  2 года назад

      @@m77ast lol! So actually I’ve decided to put the forecasting video into the course I’m creating for new PMs. I realised there’s a lot of intricate tips and the principles are actually simple. So it was more appropriate for the course. Look out for that. Should be launching early next year by Gods Grace

    • @m77ast
      @m77ast 2 года назад

      @@pitolinmotion so madam you removed it😀😂 why now? That’s why I could not find it.
      Nevertheless - excellent content.
      Ps guess what my younger brother is a PM for network rail and I don ask am about these topics tire. 😀😂

  • @eneebong5181
    @eneebong5181 2 года назад

    Please do budgeting using MS PM TOOL

    • @pitolinmotion
      @pitolinmotion  2 года назад

      Hiya. You can’t budget in MS project ( to my knowledge) it’s mainly for project plans. And tracking status and deliverables :)

  • @m77ast
    @m77ast 2 года назад

    I missed out on the human resource budget in my project. It cost me 8million+ 🤦🏾‍♂️😀 - please don’t laugh at me. That is why I’m here to learn.

    • @pitolinmotion
      @pitolinmotion  2 года назад

      Damnnnnnn 8million! God please just let me capture 1% of that figure and I will be externally grateful 😅 I guess we live and we learn 😊

    • @m77ast
      @m77ast 2 года назад

      Madam that’s funny. Please don’t be blown away when you hear 8million - that was just the figure when I looked at my spreadsheet.
      The project is in Nigeria so that is 8 million Naira which in the U.K. is around £15,000. £8,000,000 by Gods grace it is possible 😀

  • @BeatsByLoFi
    @BeatsByLoFi 2 года назад

    I’m thinking of getting into project management. I’m 24, have an MBA, and will have a PMP when I start applying for jobs. Does anyone know what a starting salary should be for these qualifications?

    • @pitolinmotion
      @pitolinmotion  2 года назад

      Hey. Sorry not really familiar. I think it kinda depends on the company. In the UK for project management I don’t think there is like a fixed starting salary because you have more qualifications although they are attractive to help you get recognised buy recruiters . I don’t think it will make you get paid more. They care more about what you can do than your qualifications . In the US I’ve been told that having PMP will make you eligible for higher paid roles however. But once again that’s because you would have already had experience working on projects to even get the cert

  • @OmarCapellan
    @OmarCapellan 2 года назад

    do you have the download link for this excel template?

    • @pitolinmotion
      @pitolinmotion  2 года назад +3

      Hiya! I working on setting up a site for this as there seems to be a lot of interest :) will take a month or so but working on it 🎉

    • @mohamedali4141-m
      @mohamedali4141-m Год назад

      ​@@pitolinmotion siz can I have the excel template from you please

    • @pitolinmotion
      @pitolinmotion  Год назад

      It’s on my website for purchase :)

  • @Gavinx38
    @Gavinx38 11 месяцев назад

    How do you know the process of each project? Example: 1. Development models (design), 2. Packaging Testing, 3. Packaging.
    Is this information that is provided to you? Or do you know this through experience?

    • @pitolinmotion
      @pitolinmotion  11 месяцев назад +1

      Learned through experience. But everyone has a day 1 right? So if this is your first project of a certain sort yyou’ll need to talk to the main stakeholders in your organisation to understand how projects are usually ran. And if there is no process, Then look at the requirements and come up with a way to ensure that all requirements are met

    • @Gavinx38
      @Gavinx38 11 месяцев назад

      That's why PMs get paid the big bucks!
      Thank you!@@pitolinmotion

  • @everyday-magic
    @everyday-magic 2 года назад

    Please kindly make available the template. It is going to go a long way to complement the tutorial.

    • @pitolinmotion
      @pitolinmotion  2 года назад

      Hey it will be available on my website shortly: just sorting a few things out !

  • @favouranneh2784
    @favouranneh2784 Год назад

    Ire, What is the meaning of NRE?

    • @pitolinmotion
      @pitolinmotion  Год назад +1

      Non recurring expenditure/ engineering

    • @favouranneh2784
      @favouranneh2784 Год назад

      Thanks Ire, your teachings are really helpful.

  • @darkeye306
    @darkeye306 2 года назад

    Do you have to create these project budgets yourself or the organisation you join will have a set template for you?

    • @pitolinmotion
      @pitolinmotion  2 года назад +4

      Usually the organisation you join will have a template; and tbh most of them are very similar and along the same lines of what I have shown. But it’s always good to understand how budgeting works in general so you can tweek your companies template to work for you :)

    • @darkeye306
      @darkeye306 2 года назад

      @@pitolinmotion Thank you for the response.

  • @shanie9411
    @shanie9411 Год назад

    ♥♥♥♥♥

  • @zuhalsediqi4613
    @zuhalsediqi4613 2 года назад

    Its invisible

  • @m77ast
    @m77ast Год назад

    I don't think i have ever seen a woman who is so strong in all my weak areas 🙂😃

  • @ebubeokafor588
    @ebubeokafor588 2 года назад

    You break things down so well that it makes it so easy for someone new to PM to understand.. thank you so much.