Remove Budget Remove Definition Remove Risk Remove Software
article thumbnail

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
article thumbnail

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

ProjectManager.com

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? An IT budget consists of all the IT spending for an organization over one year.

Budget 340
Insiders

Sign Up for our Newsletter

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

article thumbnail

Risk Mitigation Plan: Definition & Top Strategies

ProjectManager.com

Risk is always present. If we were to try and avoid all risks, it would be paralyzing—not to mention impossible. As you might imagine, there’s a process in project management that addresses risk and how to deal with it. It’s called risk mitigation. No project plan is complete without a solid risk mitigation plan.

Risk 414
article thumbnail

Capital Projects: Capital Planning, Budgeting and Funding

ProjectManager.com

Because a capital project must be carefully managed, governments and corporations alike will use project management software to control the use of its resources and manage time. ProjectManager is award-winning project management software with powerful Gantt charts that organize tasks, resources and costs. What Is Capital Budgeting?

Budget 339
article thumbnail

Organizational Process Assets: Definitions, Examples & Templates

ProjectManager.com

Organizational process assets may also include schedules, risk data and earned value data. ProjectManager is award-winning project management software with unlimited file storage to make your organizational process assets accessible. Our cloud-based software means you can access project documents anywhere and at any time.

Process 362
article thumbnail

What Is Project Risk? 7 Project Risks to Track

ProjectManager.com

Controlling risk is one of the most important areas of project management. Project managers need to know how to identify, track and mitigate project risk. Let’s learn what is project risk, some common examples and how can you manage it. What Is Project Risk? Get started for free today.

Risk 394
article thumbnail

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. Budgets are also part of a project. A project budget outlines these expenditures. Accordingly, if you’re short on time, then the budget or scope will have to change.