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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.

Budget 341
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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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PMBOK® Seventh Edition Principles and Risk Management

Project Risk Coach

The Project Management Institute (PMI) released the PMBOK® Guide, Seventh Edition in July 2021. In this article, let's look at each principle and why each one matters with respect to managing risks. Be a Diligent, Respectful, and Caring Steward 2. Optimize Risk Responses 11. Table Of Contents. What are Principles?

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Wicked Problem Solving Course Review (PMI)

Rebel’s Guide to PM

Welcome to my PMI Wicked Problem Solving review! Project management has so many challenges to solve every day, so having a toolbox of techniques (and the right attitude) will help you deliver projects successfully. I had not heard of Tom before, but he is a tech pioneer, facilitator, and TED speaker. It turns out you do.

PMI 432
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Why do projects fail? (Includes examples!)

Rebel’s Guide to PM

It’s easy to find examples of high-profile projects that fail. 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. The Channel Tunnel construction project saw its budget rise from £4.8

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SWOT analysis in project management: definition, instruction & example

Inloox

SWOT analysis in the project management context Why should I conduct a SWOT analysis? How to perform a SWOT analysis Once the SWOT analysis is completed: 5 key approaches for strategy development Concrete example: SWOT analysis in a software development project Conclusion 1. Content What is a SWOT analysis? What is a SWOT analysis?

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Exploring the differences: Projects vs operations examples

Rebel’s Guide to PM

When it comes to managing them effectively, understanding the differences between projects and operations is key. Ops managers want (and seek) stability so they can manage process performance. The status quo is good but project managers keep changing things! In my experience, that creates tension.

Retail 407