Epicflow Blog

JULY 5, 2022

Estimation of project cost is one of the core practices of the project initiation stage, which becomes the basis for the approved project budget. At the same time, the forecasted cost should not be too overestimated or underestimated. What helps make cost estimation simple and efficient?

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Project Cost Estimate Process Budget 52

Rebel’s Guide to PM

JANUARY 31, 2024

Tip: Make sure you have the project management tools and testing software that make your life easier. If you don’t have the right tools to do the job, it’s much harder to deliver a successful project. Add project management software or testing tools (or whatever else you need) to the project budget.

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Software Review Technical Review Budget Defining 325

PM Basics

NOVEMBER 2, 2020

In this article, you’ll find the real-life project risk management plan example. It comes from my practical experience working on software development projects. Below the example, you’ll find all the required information and resources to create your Risk Management Plan quickly and for free.

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Risk Management Risk Planning Technical Review 105

Rebel’s Guide to PM

APRIL 24, 2023

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?” These are all great sources of examples of projects. More on that later.

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Retail Governance Government Healthcare 400

ProjectManager.com

JANUARY 8, 2021

The more accurate your estimates, the more likely you’ll keep to your budget and deliver a project on time. Having a tool to identify and collect costs for your labor, materials and more is the first step to running a successful project. Download the Project Estimate Template. You can import any CSV file.

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Estimate Budget Executing Monitoring 381

ProjectManager.com

MARCH 20, 2024

To help you once you break ground on your construction project, we’ll throw in some free construction project management templates on estimating, scheduling and budgeting. In a preconstruction meeting, project exceptions are defined, roles are clarified and risk mitigation strategies are discussed.

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Construction Software Review Underperforming Technical Team Estimate 331

ProjectManager.com

SEPTEMBER 16, 2020

Budgeting may seem like fuzzy math, and it’s certainly no exact science, but with the proper tools you can have a better handle on defining the financial constraints of your project. By so doing, you have given the project a better chance to succeed. When To Use a Project Budget Template. Risk Tracking Template.

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Budget Estimate Risk Management Monitoring 414

Function Point

APRIL 5, 2023

Without a good brief, chaos ensues: the work doesn’t meet the client’s expectations; the studio is frustrated with the changing vision and constant revisions; the project ends up over budget. In this blog, we’ll cover 4 tools that will help you create better briefs and run more profitable projects. What is a creative brief?

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Software Review Budget Executing Risk Management 52

The IIL Blog

OCTOBER 17, 2023

Whether you’re tailoring your resume with project management skills , preparing for an interview, seeking to earn a certification , or simply seeking clarity in meetings, this list of top project management buzzwords should prove to be an invaluable tool. Also known as continuous process improvement.

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Development Team Review Project Life Cycle Underperforming Technical Team Estimate 148

Inloox

JULY 8, 2020

Because yes, most people tend to be afraid of the word project status report, because creating meaningful reports usually requires a lot of time, communication and data. What is a project status report? What belongs in the project status report? Yellow: Progress is being made, but risks or delays are to be expected.

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Risk Management Risk Controlling PMO 152

nTask

MAY 5, 2021

Enter cost benefit analysis. Cost benefit analysis allows you to choose the options that minimize risk while giving you the greatest potential benefit in the see of options in front of you. Using the benefit cost analysis tool allows you to minimize risks and maximize gains giving your project the best chance at being a success.

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Risk Management Estimate Risk Finance 136

LiquidPlanner

MAY 17, 2023

In this article we’ll look at what impact resource constraints have on getting work done and how they affect project schedules. How do resource constraints affect project delivery Resource constraints on project delivery affect your team in these ways: Project timescales Project cost Team skills Let’s take a look at each of those.

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Estimate Lean PMI Construction 142

International Institute for Learning

DECEMBER 7, 2022

In the past five years, there have been numerous articles discussing how Artificial Intelligence (AI), can and will benefit the field of project management. Recognizing the need for AI applications has been discussed in numerous journal articles. The tools are expected to be different for each life cycle stage of a project.

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Artificial Inteligence Technical Review 2022 2020 97

Herding Cats

MAY 10, 2019

Risk Management is essential for development and production programs. Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003. Risk Management Papers. “A

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Risk Management Risk Technical Review 2002 38

nTask

DECEMBER 8, 2020

These elements will result in better management of the use of the available resources present in the resource pool so that the project is developed under the defined budget and not go overboard. Pro Tip: nTask is equipped with plenty of road-mapping tools. Check out the best resource management tools: .

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Underperforming Technical Team Planning Development Team Review Software Review 158

Teamweek

JANUARY 22, 2024

One common technique that helps project managers handle resources efficiently is resource leveling. In this article, you will learn: What resource leveling is When to use resource leveling The key benefits of resource leveling Real-world examples of resource leveling The risks of resource leveling Key resource leveling strategies And more!

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Critical Chain Estimate Risk Management Consulting 59

Teamweek

AUGUST 17, 2022

And are often enough to derail your project’s timeframe as well as budget. In this article, you’ll learn everything you need to know about how to use Project Controls to deliver your project on time and within budget. What are project controls? Importance of project controls.

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Controlling Risk Management Monitoring Budget 52

Teamweek

DECEMBER 22, 2023

Things you’ll learn about parametric estimations in this article: Pros and cons Use cases Real-life examples How to do parametric estimating How Toggl Track can help you create accurate estimates And more! Parametric estimating is a statistical technique that estimates project costs, durations, and resources.

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Estimate Software Review Project Cost Risk Management 52

Herding Cats

MAY 11, 2019

This blog page is dedicated to the resources used to manage the risk encountered on software-intensive systems using traditional and agile development methods. Let's start with a critical understanding of the purpose of managing risk on software development projects. Making these decisions in the presence Uncertainty ?

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Risk Management Risk Technical Review 2002 35

International Institute for Learning

APRIL 5, 2023

Some of the risks facing project management organizations are presented in the sections that follow. COSTLY IMPLEMENTATION One of the biggest challenges facing organizations in the implementation of AI will be the implementation cost. Should blame be placed upon the programmers or company that created the AI tool?

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Artificial Inteligence Underperforming Technical Team Technical Review PMO 59

nTask

JANUARY 4, 2021

Unnatural termination refers to when an organization that has backed the project or where the project is commencing chooses that they are no longer willing to invest resources, time, and cost that is needed to complete the project. Reasons Why Aborting Your Project May Become Necessary. Conclusion.

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Technical Review Risk Management Risk Software Review 148

Teamweek

NOVEMBER 3, 2023

Top-down estimating is a form of estimation where existing knowledge of similar projects is used in the estimation process to produce a ballpark figure for the total cost. Like other methods to estimate a new project’s cost , top-down estimation has advantages and disadvantages. What is top-down estimating?

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Estimate Budget Influencer Initiating 52

MPUG

APRIL 2, 2024

The project manager is responsible for coordinating the work of the team, monitoring progress, and making any necessary adjustments to ensure that the project is completed on time and within budget. PM is used in a variety of industries and can be applied to projects of different sizes and complexities.

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Certification PMI Logistics Construction 52

Resource Guru

JANUARY 17, 2023

The importance of project scope The dangers of not following project scope best practices How to write a project scope: a checklist of what to include How to define project scope 7 project scope steps to get started Project scope example: Website redesign Your project scope will change (and that’s fine).

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Defining Technical Review Software Review Project Life Cycle 98

The Strategic Project Manager

FEBRUARY 16, 2023

Risk Management: AI can identify potential risks and threats to an organization, such as cyberattacks or supply chain disruptions. In summary, AI is transforming how organizations approach strategy, from improving decision-making to optimizing the customer experience and identifying emerging trends and risks. ” Wow!

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Artificial Inteligence ChatGPT Logistics Risk Management 97

Wrike

AUGUST 25, 2023

Project coordination involves bringing together various aspects of a project, from planning and organizing to managing teams and resources. This article will explore the importance of project coordination, the essential skills needed for successful coordination, the tools and techniques available, and how to overcome common challenges.

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Software Review Underperforming Technical Team Risk Management Monitoring 36

LiquidPlanner

AUGUST 23, 2018

When you look at the various techniques, there are a lot ways to answer those original two simple questions I pose at the top of this article. Here’s a look at how to use top-down and bottom-up planning to identify and estimate your project tasks. These are all top-down tasks that can be assigned to a project team to implement.

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Software Review Estimate Budget Defining 158

Project Pulse Journal

MARCH 7, 2024

In the constantly changing field of project management, it is essential to know and be familiar with the system for value delivery - it is a necessary part of your strategic planning and business success. Take the next step towards mastering the value delivery system and project management.

Governance 52

Governance Government Technical Review Sustainability 52

ProProfs Project Management

MAY 16, 2019

But, if they previously used specialized tools designed by app development companies for these purposes, it is best to use artificial intelligence (AI) for analytical purposes. In this article, we specifically talk about the impact of AI in project management and its various pros and cons. AI Helps Reduce Project Costs.

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Artificial Inteligence Underperforming Technical Team Software Review Risk Management 86

Wrike

SEPTEMBER 23, 2023

Expenses associated with project communication and collaboration: Effective communication is vital for project success, and it requires investment in tools, technologies, and resources that facilitate seamless information exchange among team members, stakeholders, and clients.

Technical Review 36

Technical Review Budget Risk Management Monitoring 36

Proofhub

NOVEMBER 12, 2019

For some, it is the team who works hard day and night to deliver every deliverable and deadlines within the project to make it successful. And for the rest, it takes the best of both (management and teamwork) to make a project successful. We will take a closer look at the various aspects of project management.

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Software Review Technical Review Monitoring Risk Management 60

The IIL Blog

JUNE 7, 2023

Every year, numerous articles are written that describe new approaches to management and leadership practices. The focus of this paper is to discuss some of the challenges facing the linkage between artificial intelligence (AI), project management, and stakeholder relations management. By Harold Kerzner, Ph.D. and Elissa Farrow, Ph.D.

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Artificial Inteligence Influencer ChatGPT Innovation 78

MPUG

MAY 15, 2023

.” I was a bit surprised by this because, in my experience as a project manager, I would have significant supplier interactions from the beginning of the supplier selection process. But, even if I was not contributing, I listened and gained some understanding of the supplier’s competence, approach, and potential risks.

Technical Review 52

Technical Review Underperforming Technical Team Software Review Risk Management 52

Wrike

SEPTEMBER 3, 2023

Meeting deadlines and delivering results quickly are crucial for maintaining client satisfaction and ensuring project success. In this article, we will explore why perfecting the design approval process is essential for faster turnarounds and how to achieve it effectively.

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Process Technical Review Software Review Controlling 36

Agilemania

MAY 3, 2022

Does it begin with the process, tools, or people? . Team figures out the most valued work items to build first that can help them to learn customer behavior as early as possible to reduce risk. 39% said Reduce project risk . 23% reported reduced project cost . How does agile adoption start?

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Certification Agile SCRUM 2001 98

Wrike

OCTOBER 4, 2023

The Importance of Accurate Cost Estimates Accurate cost estimates serve as a benchmark for project feasibility assessments, enabling stakeholders to make informed decisions. By providing a realistic projection of expenses, cost estimates help identify potential risks and enable early mitigation strategies.

Construction 36

Construction Estimate Budget Technical Review 36

Teamweek

JULY 29, 2022

Types of estimations in project management Project estimation techniques. What are project estimation techniques? Project estimation techniques are methods to create estimates for your project for elements such as time, cost, risk, resources, and scope. Cost estimations. Risk estimations.

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Estimate Software Review Risk Management Budget 52