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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.

Budget 341
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10 Strategies for Successful Project Execution

ProjectManager.com

Is your organization failing to close the gaps between strategy and project execution? Fortunately, there are strategies ( and tools! ) you can use to help you close those gaps, yet it isn’t easy. No matter how good your plan is, there will be changes and these will impact your schedule and budget.

Executing 499
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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.

Budget 324
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How to manage team conflict (& 5 strategies for conflict resolution)

Rebel’s Guide to PM

In this article, we’ll look at the causes of team conflict on projects, how to identify conflict and resolution strategies so you can all get back to work. Miscommunication and misunderstandings in the team came in at 12%, followed by budget issues and responses to change both taking 9% of the responses. What is team conflict?

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What Should You Include in Your Preconstruction Meeting Agenda?

ProjectManager.com

Construction projects are structured with schedules, budgets and resource allocation. 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. What Is a Preconstruction Meeting?

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Business Project Management Basics

ProjectManager.com

While businesses run projects, they also have strategies and objectives that must be met. Business project management is the process by which internal business projects are streamlined and aligned with business strategies and objectives. Let’s take a moment to review them. What Is Business Project Management?

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What Is a PMO Director? Role, Responsibilities & Salary

ProjectManager.com

A PMO director is a senior-level position that takes ownership and is accountable for creating, organizing and implementing the strategies and business programs in an organization. They’re responsible for making sure that the related projects are completed on time and within budget.

PMO 342