Remove Budget Remove Data Remove Finance Remove Software Engineering
article thumbnail

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

ProjectManager.com

Information technology, more commonly referred to as IT, is using hardware, software and the supporting infrastructure to manage and deliver data through various means, such as voice, video, etc. IT management has tools to track what systems and software are being used in the organization. What Is Information Technology (IT)?

article thumbnail

CAPM (Certified Associate in Project Management): Why is it important to pursue CAPM Certification?

Techno-PM

They also have experience analyzing project performance data and determining whether adjustments need to be made for projects to succeed. It is so much more than just managing schedules and budgets. A successful project manager will have experience in leadership, business administration, finance, and software engineering.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Biases in Project Management and How to Remove Them

Herding Cats

System One is an unconscious system that is automatic, fast, efficient at using the data or experience it already knows. Managerial Finance - the branch of finance that concerns itself with the managerial significance of finance techniques. Because of that, we don't separate the thinking processes into a dual-system.

article thumbnail

Biases in Project Management and How to Remove Them

Herding Cats

System One is an unconscious system that is automatic, fast, efficient at using the data or experience it already knows. Managerial Finance - the branch of finance that concerns itself with the managerial significance of finance techniques. Because of that, we don't separate the thinking processes into a dual-system.

article thumbnail

Deconstruction the #NoEstimates Conjecture

Herding Cats

Let me point out an obvious problem - software projects go over budget and are late. But if you read the actual article from McKinsey they tell you how to fix the source of the problems, in " Delivering large-scale IT projects on time, on budget, and on value." . The author then claims he has more data coming.

article thumbnail

Why Johnny Can't Estimate? (Update)

Herding Cats

Mine is in hard science and systems engineering. Some colleagues have engineering or finance educations. In order to draw any credible conclusion from data, we need to apply descriptive statistics to that data. A common error is to collect a set of anecdotal data that is not statistically credible.

article thumbnail

How to Start a Career in Project Management: Answers to FAQ

Epicflow Blog

Based on the current data, they predict that companies will need about 2.2 Besides, familiarity with CRM and accounting/finance ERP systems is a great plus. At the initiation stage, a project manager identifies the goals, milestones, deadlines, and budget of a project as well as predicts probable risks.