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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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Tracking Budget Variance in Project Management

ProjectManager.com

Those disruptions can play havoc on a project’s budget. Therefore, project managers are always tracking budget variance to deliver projects without breaking the bank. We’ll define project variance below as well as what a budget variance analysis is. What Is Budget Variance?

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Organizational Process Assets: Definitions, Examples & Templates

ProjectManager.com

From standardized guidelines, proposal evaluation criteria and work breakdown structure templates to project closure guidelines, change control procedures and other project files, organizational process assets need organization. Our cloud-based software means you can access project documents anywhere and at any time.

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Project Management Basics: Definitions, Methods and Tools

ProjectManager.com

ProjectManager is powerful project management software that can be used by both experienced and beginner project managers and team members to manage projects. Each task and phase of the project has a due date, which means your project has a schedule. Budgets are also part of a project.

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Project Budget Template for Excel

ProjectManager.com

A project budget contains the financial details of your project, including the estimates of all the money you need to layout to lead a successful project, from resources to materials. Monitor project expenses with this Excel budget template. That’s where this project budget template comes in handy.

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Construction Budget: A Quick Guide (with Examples)

ProjectManager.com

Creating a construction budget, therefore, is one of the most important pieces when developing a construction plan. How do you create a construction budget, anticipate the costs for a project and track them to make sure you’re not overspending? Let’s take a look at what goes into making a construction budget.

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A Quick Guide to Project Charters: Definition, Steps & Key Elements

ProjectManager.com

So, those are the broad strokes, and while a project statement doesn’t need to go into great detail, there are many more key elements to it than these general statements. State the Project Information. This project timeline should show key deliverables, milestones and project stages, so that stakeholders understand the big picture.