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Capital Projects: Capital Planning, Budgeting and Funding

ProjectManager.com

When governments or corporations make large investments, they don’t do so without serious planning. There’s a lot of money involved in these capital projects and that means getting the funding and allocating the finances wisely. It’s used to help governments and corporations understand their future operational costs.

Budget 345
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The Budgeting Process in Business & Project Management

ProjectManager.com

Without funding and the proper budgeting process, projects in any industry grind to a halt. By understanding the budgeting process for business and project management , it’s easier to understand how to make a budget for your company or project. Budgeting Methods Budgeting methods are how you implement a budgeting process.

Budget 251
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Change Control Board: Roles, Responsibilities & Processes

ProjectManager.com

Through this process of detailed examination, the change control board decides on the viability of the change request or makes recommendations accordingly. The change manager is responsible for documenting the change management process and the necessary plans to implement the change. Developing a Process for the Change Control Board.

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IT Financial Management (ITFM) Best Practices

ProjectManager.com

IT financial management is made up of the processes and tools that are needed to manage and analyze IT costs. There’s also the communication of the value of these processes and tools to IT leaders in order to prove their value to the business. ProjectManager’s workflow automation saves time when managing IT finances.

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What Is a Balanced Scorecard? (Example & Template Included)

ProjectManager.com

It’s a common management tool worldwide, used across industries, including government and nonprofit organizations. The balanced scorecard measures four aspects of a business or organization: finance, customers, business processes and learning and growth. Balanced Scorecard Example Let’s look at a real-life example.

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What Is a Capital Improvement Plan & How to Create One

ProjectManager.com

This is a tool used more often by public entities such as local governments for major public expenditures. The capital improvement plan is used to coordinate between community planning and fiscal management to determine the location, timing and financing of the capital improvement. Related: Free Estimate Template for Excel.

Planning 328
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What Is IT Management? Why Is IT Important for Businesses?

ProjectManager.com

IT works with production, human resource management, purchasing, research and development (R&D), accounting and finance, marketing and many more. IT is involved in so many things that there must be a process to ensure those different activities go off without a hitch. What Is IT Management?