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What Is a Balanced Scorecard? (Example & Template Included)

ProjectManager.com

Relatively new, the balance scorecard was introduced in 1992 by David Norton and Robert Kaplan, by taking existing metric performance measures and adapting them to include nonfinancial information. The balanced scorecard measures four aspects of a business or organization: finance, customers, business processes and learning and growth.

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The 5 Phases of Project Management Process and Techniques

NimbleWork

Project management is a multifaceted discipline that combines techniques, processes, and strategies to plan, execute, monitor, and control projects effectively. The Five Project Management Processes: 1. Initiating: This process involves defining the project and obtaining authorization to begin work.

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How to Create a Strategy Map for Your Organization

ProjectManager.com

ProjectManager is award-winning project and portfolio management software that helps you create timelines and budgets for your organization’s projects and processes. Business Process Perspective This is where you define how you’re going to achieve your financial and customer goals. Let’s explain better what that means.

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9 Types of Artifacts in Project Management

Rebel’s Guide to PM

For example, an estimate is the obvious output of the estimating process, so estimates aren’t mentioned again as a separate project artifact. The first category is documentation that relates to strategy and project initiation. Here are some examples: Budget Milestone schedule Scope baseline Performance measurement baseline.

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Project Management Process & Phases

ProProfs Project Management

In simple terms, the Project Management process is the art of managing all components of a project from starting to closure using a structured scientific methodology. Let’s learn about the whole process while discussing 5 project management steps of a project life cycle. Initiating. The processes in this phase are: .

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Project Artifacts and How to Use Them

Rebel’s Guide to PM

For example, an estimate is the obvious output of the estimating process, so estimates aren’t mentioned again as a separate project artifact. Strategy artifacts The first category is documentation that relates to strategy and project initiation. OK, let’s get to it: here’s the list of project management artifacts.

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RAG Status in Project Management: Importance & Benefits

ProjectManager.com

The project manager will have to prove this to stakeholders, of course, by showing them reports and other evidence that the initiatives are going as planned. How ProjectManager Helps Implement the RAG Status In Your Organization RAG status is part of the reporting process in project management. Any issues mean there’s an amber status.