Remove Budget Remove Exercises Remove Finance Remove Risk
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3 Ways to Improve Cost Estimates with Your Teams

Project Risk Coach

The group identified several items that Jane had not thought of including facilities, the cost to interface the policy admin system to a third party, contingency reserves, and financing cost. Bob emailed the stakeholders a survey link asking, "What items should be included in the project budget?" Why do the disagreements exist?"

Estimate 370
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10 Knowledge Areas of project management (PPT & PDF included!)

Rebel’s Guide to PM

All the things you need to know and do for successful risk management, for example, are bundled under the Risk Management Knowledge Area. In other words, you can't 'do' schedule management and ignore what the impacts of that might be on people, risk , communications, cost and the rest.

PMI 201
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Overcoming bias in project management

Rebel’s Guide to PM

A project manager with a confirmation bias could use a questionable report to justify polluting the environment, since she actually only wants confirmation that the containment cost she missed in her budget is unnecessary. His specialty is high-risk projects, where he prevents failure or helps projects to recover from failure.

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Monte Carlo Risk Analysis in Project Management

Project Pulse Journal

By: Dr. Michael Shick, MSPM, PMP, CSM Are you a project manager struggling to predict the risks in your projects accurately during planning? This is where Monte Carlo Simulation transforms the art of project risk management into a more precise science, as part of quantitative risk analysis.

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10 Knowledge Areas of Project Management (PMBOK 6) With PPT & PDF

Rebel’s Guide to PM

All the things you need to know and do for successful risk management, for example, are bundled under the Risk Management Knowledge Area. In other words, you can’t “do” schedule management and ignore what the impacts of that might be on people, risk, communications, cost and the rest. 10 Knowledge Areas of Project Management.

PMI 379
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Impacts of traditional project funding models on agile delivery

Kiron Bondale

A key enterprise partner is the Finance department and the organization’s model for project funding will have significant influence over successful agile delivery. It can result in higher risk, premature financial commitments. This is true, but how do we know how much to budget up-front to be confident in meeting business needs?

Agile 179
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What To Do When Your Team Doesn’t Believe The Project Schedule

Rebel’s Guide to PM

You’ve just got one day for budget approval,” said Claire from Finance. In turn, you may put more and more pressure on your team to speed up – risking cutting corners and delivering a low quality product that is not fit for purpose. You do know that the approval cycle is three weeks? And there’s nothing in the plan for training.

Estimate 333