Remove Budget Remove Examples Remove Process Remove Risk Management
article thumbnail

Organizational Process Assets: Definitions, Examples & Templates

ProjectManager.com

There are many things that are needed when managing a project. Some of these are called organizational process assets. These organizational process assets are critical to a project’s success and its operations. Then we’ll get into some examples to fully illustrate their meaning. What Is an Organizational Process Asset?

Process 365
article thumbnail

The Risk Management Process in Project Management

ProjectManager.com

When you start the planning process for a project, one of the first things you need to think about is: what can go wrong? It sounds negative, but pragmatic project managers know this type of thinking is preventative. Issues will inevitably come up, and you need a mitigation strategy in place to know how to manage risks on your project.

Insiders

Sign Up for our Newsletter

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

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 345
article thumbnail

How to create a project budget

Rebel’s Guide to PM

What is a project budget? A project budget is a financial document that lays out what you think you’ll spend on a project. ” The project budget might be phased over multiple quarters or years. What does creating a project budget involve? What is included in a project budget?

Budget 307
article thumbnail

Google Sheets Budget Template: Track Business Costs Online

ProjectManager.com

A budget is a document that’s mainly used to break down the costs of executing a project or running the operations of a business for a period of time and define a maximum spending limit for the procurement of resources. Google Sheets helps with collaboration but it isn’t a true project management software.

Budget 330
article thumbnail

Capital Projects: Capital Planning, Budgeting and Funding

ProjectManager.com

Let’s take a look at capital projects, explore the idea of a capital asset and delve into the process of capital planning. We’ll end with a few examples of capital projects to make the concept more understandable. Capital planning is the process of budgeting for resources that will be used in the future to fulfill long-term plans.

Budget 344
article thumbnail

Industrial Construction: Examples of Industrial Projects

ProjectManager.com

For example, commercial construction can be classified into three subcategories of retail, office, multifamily and industrial construction. To further illustrate what industrial construction is, we’ll offer five examples and some of the challenges inherent in the construction sector. The permitting process is also different.