Remove Budget Remove Governance Remove Infrastructure Remove Risk Management
article thumbnail

Capital Projects: Capital Planning, Budgeting and Funding

ProjectManager.com

When governments or corporations make large investments, they don’t do so without serious planning. These capital projects can be infrastructure-based, such as roads and railways, when launched by the government. It’s used to help governments and corporations understand their future operational costs.

Budget 345
article thumbnail

Public Infrastructure: Project Management as a Key Success Factor

Inloox

Incompetence in project management. Lack of risk management. Even though this project not quite reaches the epic financial miscalculation of Berlin’s BER airport, it again shows the difficulties realizing public infrastructure projects within their tightly constraint project plan. Budget and time planning.

Insiders

Sign Up for our Newsletter

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

article thumbnail

IT Financial Management (ITFM) Best Practices

ProjectManager.com

IT financial management (ITFM) covers the costs of keeping our network, servers and devices running. IT financial management is a bit more complicated than that and we’ll explain by more thoroughly defining the term. Then we’ll list the professionals who are tasked with IT financial management and their key objectives.

article thumbnail

Gate Reviews: What Project Managers Need To Know

Rebel’s Guide to PM

Project governance is an important part of project management processes – even if it’s not the most exciting part of getting work done. As a project manager, part of your role is shepherding the work through the project lifecycle. Governance is a key part of that, and gate reviews are part of navigating through the project.

Prince2 399
article thumbnail

IT Service Management (ITSM): Frameworks, Processes & Phases

ProjectManager.com

Information technology (IT) involves the use of computers, digital storage, networking and other physical devices, infrastructure and processes to create, process, store, secure and exchange electronic data. IT service management (ITSM) is the process of how those services meet the needs of the end users who employ them.

Process 328
article thumbnail

Exploring the Benefits of an Agile Application Modernization Approach

Leading Agile

Unless you have been constantly refactoring and modernizing this asset over its history, problems begin to emerge: On-premises infrastructure costs are not competitive. You are at risk of a data breach. But time pressures, expediency, and tightening budgets make you opt for band-aids. Perhaps it is sold to other companies.

article thumbnail

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! Projects change the business. Operations run the business.

Retail 410