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Workload Analysis: Steps, Examples & Tools

ProjectManager.com

The ability to know who you need and when you need them for the project is what workload analysis is all about. We’ll explain what workload analysis is and when you should be using it in your project. Then we’ll throw in some free templates to help with workload analysis. What Is Workload Analysis?

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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.

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Estimate at Completion: A Complete Guide + Template

Rebel’s Guide to PM

Now we’ve approved the budget and the project has started, how much will it really cost? What has that done to the budget? Given that plenty of studies show cost overruns, some finding that 9 out of 10 projects go over budget (averaging 28% overspent), it’s not surprising that project sponsors want to keep a tight grip on costs.

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Construction Budget: A Quick Guide (with Examples)

ProjectManager.com

Creating a construction budget, therefore, is one of the most important pieces when developing a construction plan. How do you create a construction budget, anticipate the costs for a project and track them to make sure you’re not overspending? Let’s take a look at what goes into making a construction budget. Learn More!

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Risk Analysis 101: How to Analyze Project Risk

ProjectManager.com

By planning for risks, you begin the process of knowing how to identify, monitor and close out risks when they show up in your project. Part of that process is risk analysis. Risk Analysis vs. Risk Identification vs. Risk Management. People frequently confuse risk analysis with risk identification and risk management.

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Cost Estimation for Projects: How to Estimate Accurately

ProjectManager.com

Good cost estimation is essential for keeping a project under budget. Many costs can appear over the life cycle of a project, and an accurate estimation method can be the difference between a successful plan and a failed one. Estimation, however, is easier said than done. An Overview of Cost Estimation.

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Best Cost Control Techniques

ProjectManager.com

Cost control as a process begins with budgeting. Actual financial results are compared with the budgeted expectations and if the actual costs are more than what was budgeted, actions to reduce those costs must be implemented. Just toggle over to the dashboard and monitor costs in real time. Seek it out.