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Capital Budgeting: Definitions, Steps & Techniques

ProjectManager.com

Figuring out what to spend its capital on, such as capital spending on long-term assets, is part of capital budgeting. First, we need to define capital budgeting, what a capital budget is and why it’s important. Then we can go through the capital budgeting techniques and the steps to a capital budgeting process.

Budget 340
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What Is an IT Budget? IT Budgeting Basics (Template Included)

ProjectManager.com

Information technology (IT) runs most businesses. Managing information costs and managing information security for those costs are part of making an IT budget. First, we need to understand what an IT budget is, how often they’re made and what is the best size for one. What Is an IT Budget?

Budget 338
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BEE Methodology Practitioner Course Review

Rebel’s Guide to PM

I decided it was time to learn more about change management , and if you’ve come to that conclusion too, keep reading, as I have a detailed review of a very good (and not expensive) course that will help you: the BEE Methodology Practitioner course. I’ll be honest: PROSCI is out of my budget so I haven’t taken that course.

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The 5 Phases of the Construction Process (Templates Included)

ProjectManager.com

We’ll define in depth each of the five construction phases: initiation, pre-construction, procurement, construction and post-construction. From the smallest to the largest and most complicated, they’re broken down into five construction phases to detail all the steps necessary to complete the project on time and within budget.

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Project Initiation: How to Start Your Project Off Right

ProjectManager.com

But if a project isn’t initiated correctly, then those hopes and expectations aren’t anchored in a solid foundation, and your project can drift off course and head for disaster. Of course, there are many steps in the successful execution of a project, but project initiation is the first and, in some ways, the most important step.

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Project Initiation: How to Start Your Project on the Right Foot

MPUG

In this article, we will explore the importance of project initiation, cover best practices, and share 6 key steps for how project managers can get their projects started on the right foot. Project initiation represents a fresh start, and it’s an exciting time when you can use your experiences and vision to create a successful project.

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Measuring the Project Management Maturity of Your Organization

ProjectManager.com

When you’re a PMP, program manager or portfolio manager, you need to deliver all those multiple projects on time and within budget. This requires an organization with a well-developed project management process. Rather, it’s a team effort guided by standardized processes, well-defined roles and responsibilities and collaboration.