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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. Capital planning is the process of budgeting for resources that will be used in the future to fulfill long-term plans.

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The Budgeting Process in Business & Project Management

ProjectManager.com

Without funding and the proper budgeting process, projects in any industry grind to a halt. Budgeting is how those funds are spent. But first, let’s define what a budget is and explore the types of budgets and methods for making a budget. What Is a Budget? It plans your spending over a specific timeframe.

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Best Construction Scheduling Software of 2021 for Managing Projects

ProjectManager.com

If you want to keep a construction project on track and meet your deadlines, you want construction scheduling software that is robust and dynamic. There are many construction scheduling software products on the market that sell themselves as the go-to tool for the construction project manager. But how do they measure up to the task?

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Understanding the Organizational Governance System as Project Managers

Project Pulse Journal

Is it challenging to navigate the complex landscape of project governance frameworks? In this article, we will dive deep into organizational and project governance and systems in project management. At the heart of this lies the robust framework of Organizational Governance Systems.

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What Is a PMO Director? Role, Responsibilities & Salary

ProjectManager.com

They’re responsible for making sure that the related projects are completed on time and within budget. They lead the strategic planning and project governance for the organization and define the project management methodologies that are used to manage those projects. The responsibilities of a PMO director are varied.

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How to Build and Implement a Project Strategy

ProjectManager.com

The importance of a project strategy is simple: it helps deliver projects on time, within budget and aligned with larger strategic goals. They help with prioritizing projects, providing governance guidelines and ensure that projects are beneficial to the organization by aligning with larger strategic goals. That’s the project scope.

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IT Financial Management (ITFM) Best Practices

ProjectManager.com

To accomplish this requires financial governance, creating and controlling an IT budget, tracking expenses and doing cost-benefit analysis of IT investments. That’s a lot of responsibility, but it can be handled more effectively with project management software. Here are a few of them. It’s not limited to the IT department.