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How to Reduce Project Costs: 7 Actionable Tips

Teamweek

Scope creep is one of the main reasons why projects exceed their budgets. It happens when a project’s scope keeps expanding without proper control, resulting in higher project costs. This article aims to help project managers who are burdened with monitoring project scope and reducing project costs.

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Project Management Process Groups: A Quick Guide

ProjectManager.com

To keep to your schedule and manage costs, you need to gather and process project data throughout the five PMBOK project management groups. What Are the 5 PMBOK Project Management Process Groups? Project management software helps project managers stay on top of each of these process groups.

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Kanban History: Origin & Expansion Across Industries

ProjectManager.com

The kanban board is broken down into columns that represent the different stages of a process, and the kanban cards are individual tasks that move from one column to the next as they move through the process. This created less waste and increased the efficiency of processes. When one bin is empty, the next bin refills it.

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Kanban vs. Scrum: What’s the Difference?

ProjectManager.com

The name kanban means billboard in Japanese, and you can see why, as the process involves placing tasks represented by cards on physical or digital kanban boards. Scrum is a project management framework with well-defined roles, guidelines and procedures that ensure this methodology is implemented consistently. What Is Scrum?

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Rough Order of Magnitude (ROM): Understanding ROM Estimates

ProjectManager.com

No one needs to tell you that projects cost money. But how much they’ll cost is an open question. The closer you can come to an accurate forecast of project costs, the more likely you’ll deliver a successful project. Rough order of magnitude (ROM) can help you better estimate project costs.

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The Best 53 Project Management Blogs You Should Be Reading

Paymo App

But through this clutter, how easy is it to find the most valuable blog feeds out there? Project management blogs and resources can be a primary source of knowledge, especially if project management (PM) experts contribute to them. And if you’re not yet familiar with project management, don’t worry!

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What Is Resource Loading and Why Does It Matter in Project Management?

ProjectManager.com

You’ve heard it countless times; teams are projects’ most valuable resource. But a project manager has to connect each team member to that work. Resource loading is a process to keep team members fully engaged throughout the project. Resource Management: Process, Tools & Techniques.

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