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General Conditions in Construction: Definitions & Best Practices

ProjectManager.com

If you’re a general contractor working in construction project management, you’ll need to know about general conditions. We’ll go further, explaining how to estimate general condition costs and how general conditions compare to construction specifications and general requirements. What Are General Conditions In Construction?

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Resource Requirements in Project Management: A Quick Guide

ProjectManager.com

Think of resource requirements as the fuel that drives all project activities. Once one understands what resource requirements are in project management, next there is estimating what those resources will be and managing them. What Are Resource Requirements in Project Management? It’s also money.

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How to Build and Implement a Project Strategy

ProjectManager.com

These operational projects aren’t necessarily aligned with the organization’s strategic planning goals but are needed to keep the organization running. Some examples of operational projects are routine maintenance, training programs and upgrades to the IT infrastructure. This will inform your schedule and budget.

Budget 376
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Everything You Need to Know About Project Cost Management in 2022

nTask

This is why, for the long-lasting success of your company, you need to understand what project cost management or cost control in project management is and how it can be helpful to you while you are working for your organization to stay on course. What is Project Cost Management? Project Resource Planning.

2022 88
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Project Contingency: The Ultimate Guide

Rebel’s Guide to PM

There are two types of contingency typically used on projects: Budget contingency: Additional funding to deal with problems, realized risks relating to a specific event Schedule contingency: A buffer of extra time in case of schedule delays (not that you would ever pad your estimates?). Cost Baseline available through PMIstandards+ ).

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What Is a Capital Improvement Plan & How to Create One

ProjectManager.com

These projects will then have to be ranked in some order, prioritizing them to have some alignment with the city’s strategic plan in which you’re working. A financing plan will have to be created, estimating the overall cost of each project. A project justification is required to explain the need for the projects.

Planning 331
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The Importance of Operational Project Management for Businesses

ProjectManager.com

There are many examples of operational projects, such as implementing a new inventory management system, optimizing the supply chain logistics of the organization, streamlining customer service processes or upgrading IT infrastructure. Who Is Responsible for Managing Operational Projects?