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The Risk Management Process in Project Management

ProjectManager.com

When you start the planning process for a project, one of the first things you need to think about is: what can go wrong? It sounds negative, but pragmatic project managers know this type of thinking is preventative. Issues will inevitably come up, and you need a mitigation strategy in place to know how to manage risks on your project.

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The Budgeting Process in Business & Project Management

ProjectManager.com

There’s one thing that all businesses have in common with project management: money. Without funding and the proper budgeting process, projects in any industry grind to a halt. Budgeting is how those funds are spent. But first, let’s define what a budget is and explore the types of budgets and methods for making a budget.

Budget 247
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Capital Projects: Capital Planning, Budgeting and Funding

ProjectManager.com

When governments or corporations make large investments, they don’t do so without serious planning. Let’s take a look at capital projects, explore the idea of a capital asset and delve into the process of capital planning. These capital projects can be infrastructure-based, such as roads and railways, when launched by the government.

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What Does Project Governance Really Mean?

ProjectManager.com

Projects like anything that involves a lot of people working together need governance. The government runs a nation and project governance in the same fashion runs the project. Consider this your civics lessons in project management. What Is Project Governance? The Three Pillars of Project Governance.

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Project Intake Process: Prioritizing Project Requests & Proposals

ProjectManager.com

Project managers are constantly making requests to the project management office (PMO). However, problems occur when requests are submitted without a standardized process. To avoid that, you need an intake process. A project intake process is beneficial for an organization. What Is the Project Intake Process?

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Organizational Process Assets: Definitions, Examples & Templates

ProjectManager.com

There are many things that are needed when managing a project. Some of these are called organizational process assets. These organizational process assets are critical to a project’s success and its operations. What Is an Organizational Process Asset? But there are also tangible items that are just as important.

Process 360
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IT Service Management (ITSM): Frameworks, Processes & Phases

ProjectManager.com

Information technology (IT) involves the use of computers, digital storage, networking and other physical devices, infrastructure and processes to create, process, store, secure and exchange electronic data. IT service management (ITSM) is the process of how those services meet the needs of the end users who employ them.

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