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How to Manage Project Environment from Initiation to Close

ProjectManager.com

You have a deadlines to meet and budgets to keep. These are things from inside and outside the project that can impact your schedule, budget, team morale and much more. When managing a project, it’s second nature to define its objectives, scope, budget and schedule—but often you neglect the project management environment.

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Capital Budgeting: Definitions, Steps & Techniques

ProjectManager.com

Figuring out what to spend its capital on, such as capital spending on long-term assets, is part of capital budgeting. First, we need to define capital budgeting, what a capital budget is and why it’s important. Then we can go through the capital budgeting techniques and the steps to a capital budgeting process.

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Teamhood Software Review

Rebel’s Guide to PM

Summary review of Teamhood: Teamhood is perfect for companies looking to work in more agile ways but without adding the overhead of ‘learning agile ’. The software is aimed at firms who want to add agility to improve time to market. I started with the high level process steps – initiation , execution, testing and so on.

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Bottom-Up vs. Top-Down Budgeting Approaches

ProjectManager.com

There are many ways to approach budgeting. Two of the more common approaches are bottom-up budgeting and top-down budgeting. Knowing which is right for you starts with understanding both of these budgeting approaches. Then we’ll show you how to make a budget using both so you can make an informed decision.

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How to Create a Project Initiation Document (Template Included)

ProjectManager.com

That’s why a project initiation document (PID) is so important. We’ll explore its importance and how to create a project initiation document, including all its many components. You can even download a free project initiation document template for Word to help you get started. What Is a Project Initiation Document (PID)?

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How to Manage Your Project Pipeline With Software

ProjectManager.com

It shows each project as it moves from one stage to the next in the project management process, from initiation to closure. Project management software is a valuable tool for managing your project pipeline. Project management software is a valuable tool for managing your project pipeline.

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RAG Status in Project Management: Importance & Benefits

ProjectManager.com

By color-coding the project data, the progress and performance of the project or portfolio are more intuitive and delivered with greater efficiency. Project management software can incorporate the RAG status. The section on the project health goes over budget, schedule, quality and scope. Close the project down.