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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.

Budget 344
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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.

Budget 250
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The Risk Management Process in Project Management

ProjectManager.com

Issues will inevitably come up, and you need a mitigation strategy in place to know how to manage risks on your project. In this article, we’ll discuss strategies that let you get a glimpse at potential risks, so you can identify and track risks on your project. What is Risk Management on Projects?

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Risks in the project: an overview

Inloox

Know the risks in your project! Risk management plays an enormously important role in project management. The task here is to identify, analyze, control and ultimately minimize risks. Although some risks can be eliminated with a suitable solution strategy, certain risks can never be completely avoided in the project context.

Risk 172
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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.

PMO 346
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Measuring the Project Management Maturity of Your Organization

ProjectManager.com

When you’re a PMP, program manager or portfolio manager, you need to deliver all those multiple projects on time and within budget. On the other hand, if an organization has underdeveloped management, the more likely that its projects will have trouble meeting deadlines and staying on budget.

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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.