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The Importance of Operational Project Management for Businesses

ProjectManager.com

Therefore, any project that has the objective of improving efficiency, decreasing costs or improving productivity in the short term is operational. A strategic project is about creating something new and innovative.

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125 Project Management Buzzwords

The IIL Blog

Benchmarking Identifying a project performance indicator or practice, then assessing it against industry standards or best practices. Bottom-up Estimating A project estimation technique that leverages tactical-level team members/subject matter experts (SMEs) to break down tasks into smaller components to create a more accurate estimate.

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Construction Delivery Methods: A Quick Guide for Projects

ProjectManager.com

Is the plan more innovative than functional? Having an accurate schedule is important, and schedule and project costs are closely linked. If you accelerate the schedule, costs will rise. You need to think about the timeline necessary to meet your expected schedule and costs. Is there a flow to your floor plan?

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2020 Challenges and Trends in Construction

Epicflow Blog

Construction is one of the industries that don’t follow emerging innovative trends too quickly and enthusiastically but anyway it doesn’t ignore many of them to improve its state. Innovative Technologies in Building: AR, VR, and 3D Printing . They use VR to let their potential customers see the project and estimate it.

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Understanding the Project Management Triangle

Wrike

Scope constraint: The scope of a project creates bounds around what a project is meant to deliver. It defines specific goals, deliverables, functions, and features, as well as the tasks needed to complete the project. Cost constraint: This constraint limits the expense of a project.

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CM at Risk (CMAR): Pros & Cons of Construction Management at Risk Delivery Method

ProjectManager.com

But that doesn’t mean CM at risk is right for you as there are pros and cons to this innovative approach. We’ll take a look at what CM at risk is and compare it to other construction project delivery methods so you can decide for yourself which approach is best suited for your organization and project.

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Risk Management Resources

Herding Cats

Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. requires making estimates) ? Evaluation of the Risk Analysis and Cost Management (RACM) Model,” Matthew S. Estimation of Long?Term reducible and irreducible ? 117, July 1998.