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What Is Aggregate Planning? Strategies & Tips

ProjectManager.com

For any company to profit from a product, there must be a strategic plan in place to produce just enough to meet that need. Aggregate planning is a technique to create an equilibrium between demand and capacity. Let’s take a look at what aggregate production planning is and some aggregate planning strategies.

Planning 358
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Rough Order of Magnitude (ROM): Understanding ROM Estimates

ProjectManager.com

But what is ROM and how can you calculate ROM estimates? What Is a Rough Order of Magnitude (ROM)? It’s key to determining what financial resources are needed and outlined in the project charter. What Is a ROM Estimate? No one needs to tell you that projects cost money. But how accurate is a ROM estimate?

Estimate 352
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11 Key Challenges in Adopting Project Portfolio Management

NimbleWork

The good news is that all the challenges can be overcome with some planning and a good software solution to underpin management of the portfolio. Now, let’s look at some of the potential challenges you might face when adopting project portfolio management (PPM) and what you can do to make the transition easier. Trust us, it’s worth it!

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Remote Agile (Part 2): Virtual Liberating Structures

Scrum.org

A shared workspace is needed to aggregate findings, for example, as the result of a 1-2-4-All session. The ordering is based on the LS Menu of the Liberating Structures website: 1-2-4-All : To cover 1-2-4-All, we need breakout rooms and a place to aggregate the findings. (I am using Zoom for that purpose.).

Agile 160
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How to Make a Cost Management Plan

ProjectManager.com

The answer is a cost management plan. What is a Cost Management Plan? A cost management plan is a method of strategizing the planning and execution of a project’s budget. However, without a proper cost management plan in place, both of those things will falter—costing you and your organization immensely.

Planning 293
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How Do You Prioritize Your Work as a Savvy PMO?

Planview

Do you have a process to figure out what to do first or to identify the work that will bring the most value to the business? You may be surprised by what you find below. Even if your current process may seem effective, there is always room for growth—simply follow the four steps that we will outline in this blog series.

PMO 103
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9 Steps to Managing Risk for Your Projects

LiquidPlanner

What would the impact be, for instance, if too many people turned up to the concert? What could you do to exploit this opportunity and plan for it? Just as you anticipate and plan for problems, prepare for unlikely successes. Identify what you can do to lower the likelihood and impact of each project risk.