article thumbnail

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.

Budget 373
article thumbnail

Exploring the differences: Projects vs operations examples

Rebel’s Guide to PM

When it comes to managing them effectively, understanding the differences between projects and operations is key. Projects vs operations The short answer to the question: “What’s the difference between projects and operations?” Operations management focuses on maximizing efficiency while minimizing costs.

Retail 407
Insiders

Sign Up for our Newsletter

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

article thumbnail

The Meta City, Remote Work, & the Strategic Project Manager

The Strategic Project Manager

Enabled by technology, and accelerated by the pandemic, our world continues to evolve with “ The Rise of the Meta City “, as depicted and described in this fascinating Harvard Business Review article. It’s new headquarters, Charlotte, NC, is one of those growing satellite cities mentioned in the HBR article.

article thumbnail

The Project Charter Lays the Foundation

Velociteach

Community organizations and regulatory authorities will be important constituencies, particularly for public works or infrastructure projects. At this point, the budget estimate may only be +50%/-30% of the final project costs. Project governance will be further defined in the project management plan.

article thumbnail

Starting a PMO

MPUG

Company A might not have a PMO, company B could have a PMO where the project managers (PMs) do not report to the PMO, and Company C could have a mature PMO where the PMs report to the PMO. This article is meant to give some guidance for starting a PMO and eventually growing into a Strategic PMO (SPMO). Assessing Your Current Condition.

PMO 111
article thumbnail

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. If you are in a similar conundrum, then this article is for you.

2022 88
article thumbnail

Epistemic Uncertainty Creates Reducible Risk

Herding Cats

Only margin can be provided to protect the project's cost, schedule, and technical performance from this risk. Reducible Cost Estimating Risk - is dependent on technical, schedule, and programmatic risks, which must be assessed to provide an accurate picture of the project cost. Related articles.

Risk 37