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Capital Budgeting: Definitions, Steps & Techniques

ProjectManager.com

In finance, capital is money that a company has, such as earnings or credit, which it can spend or invest on assets. 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.

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Exploring the differences: Projects vs operations examples

Rebel’s Guide to PM

From examples of project activities in a business versus operational activities to strategies for balancing projects and operations simultaneously — this article will help you understand the differences and consider the similarities. These are all great sources of examples of projects. Next up, examples of operations management.

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Runn Software Review

Rebel’s Guide to PM

Summary review of Runn: If you find managing resources a headache because you never know who is free when, then check out what Runn can do. It sits in the middle of your tech stack, integrating projects information from your CRM and financial systems. For example, Runn will flag up some people who have similar skill sets.

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How to Budget For Your Company’s Technical Debt

Zen Project Management

Guest post by Dr. Mik Kersten While “technical debt” is a term that’s frequently used by technologists, the implication and understanding of it tends to be opaque to the business until it’s too late - just look at how Nokia lost the mobile market that it helped create. What’s technical debt?

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Overcoming bias in project management

Rebel’s Guide to PM

For example, she may not schedule the necessary two months for a task because the technician said, “Two weeks should do it!” For example, if the project manager saw a car crash in the morning, she may later decide to pay for better insurance coverage for her team, even though the statistical likelihood of a car crash has not changed.

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Exploring the Benefits of an Agile Application Modernization Approach

Leading Agile

Vendors are dropping support of key technologies used by your application. Staffing for legacy technologies is increasingly expensive and difficult to find. Containerized, scalable, future-proof, nimble, compliant, secure, cost-effective, and ready for the rapidly emerging technology trends that customers want.

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How to write an executive summary stakeholders will love

Planio

The recommendation Executive summary example #1: Project status update Executive summary example #2: Resource decision How to write a great executive summary for your next project 1. Re-review and pull out the key elements 4. This would cause the project to exceed its forecasted budget by $22,000. permanent market value.