article thumbnail

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
article thumbnail

What Is a Technical Project Manager? (Job Description Included)

ProjectManager.com

There are many different project managers, but today we’re interested in focusing on just one, the technical project manager. Are you interested in becoming a technical project manager or are you in the market to hire one? What Is a Technical Project Manager? What Is a Technical Project Manager? Learn more.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SWOT analysis in project management: definition, instruction & example

Inloox

Content What is a SWOT analysis? SWOT analysis in the project management context Why should I conduct a SWOT analysis? How to perform a SWOT analysis Once the SWOT analysis is completed: 5 key approaches for strategy development Concrete example: SWOT analysis in a software development project Conclusion 1.

article thumbnail

57 AI in Project Management Statistics

Rebel’s Guide to PM

We gathered 57 of the top AI in project management statistics to help understand this key development in technology. Recent advancements in tech have changed how project managers work in 2024. Only 12% have adopted AI in a substantial way, and the adoption levels are much higher in tech-forward companies (34%).

article thumbnail

How Restaurant Tech Helps Small Eateries Expand

Productivity Land

Here, restaurant technology has emerged as the transformative remedy, promoting growth opportunities. With the right tech tools in place, these establishments can now overcome barriers that once seemed insurmountable. With the right tech tools in place, these establishments can now overcome barriers that once seemed insurmountable.

article thumbnail

The Importance of Operational Project Management for Businesses

ProjectManager.com

However, because they’re concerned with streamlining department workflows, implementing new technology or processes or even updating the company’s offerings, customers will eventually see the benefits of these improvements. Therefore, these are internal projects that aren’t designed to directly impact an audience or customer base.

article thumbnail

Requirements Analysis & Ensuring Stakeholder Satisfaction

ProjectManager.com

A project isn’t a success when it finishes on time and budget: the real test of its success or failure is stakeholder satisfaction. That’s where requirements analysis comes in. What Is Requirements Analysis? Requirement analysis can be used for any project, but it is most commonly used with a systems or software project.