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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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What Is an IT Budget? IT Budgeting Basics (Template Included)

ProjectManager.com

Information technology (IT) runs most businesses. Managing information costs and managing information security for those costs are part of making an IT budget. First, we need to understand what an IT budget is, how often they’re made and what is the best size for one. What Is an IT Budget?

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What are the Risk Management Roles in Projects and Programs?

Project Risk Coach

As a project manager, you constantly juggle a million tasks at once. This article will provide clear guidance on how to define and assign risk management roles and responsibilities for projects and programs. Ensuring that all of the risks are addressed can be a daunting task, particularly for larger, complex projects.

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Measuring the Project Management Maturity of Your Organization

ProjectManager.com

When you’re a PMP, program manager or portfolio manager, you need to deliver all those multiple projects on time and within budget. This requires an organization with a well-developed project management process. This is done by using a project management maturity model. What Is Project Management Maturity?

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Unraveling the Causes of Troubled Projects: A Closer Look

Project Risk Coach

In the world of project management, troubled projects can be a source of frustration, stress, and disappointment for both teams and stakeholders. These projects often fail to meet their objectives, experience delays, exceed budgets, or even result in complete failure.

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10 common resource management problems and how to fix them

Rebel’s Guide to PM

I mentor project managers, and the types of problems that people come up with on calls are not technical issues for the most part. Or “resources” as we unkindly call people in project management. Why is effective resource management difficult? I’m sure you can think of some poor resource management examples.

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Why do projects fail? (Includes examples!)

Rebel’s Guide to PM

The ones that hit the papers are often public sector projects because their audits and budgets are more open to scrutiny. This was largely due to the unforeseen increase in the cost of steel. It also cost ten times more than the original budget, finally coming in at £430 million. Instead, tax payers have footed the bill.