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What Is a Balanced Scorecard? (Example & Template Included)

ProjectManager.com

Relatively new, the balance scorecard was introduced in 1992 by David Norton and Robert Kaplan, by taking existing metric performance measures and adapting them to include nonfinancial information. The balanced scorecard measures four aspects of a business or organization: finance, customers, business processes and learning and growth.

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125 Project Management Buzzwords

The IIL Blog

Agile team A cross-functional group of individuals (e.g., hours, personnel needed, and/or tasks) to ensure that a project can be completed on time and within budget. Change Control A formal process of documenting, reviewing, approving, and managing a change to a project’s scope, schedule, budget, or quality parameters.

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Tracking Performance: Switching from Project to Resource Level

Epicflow Blog

But in a multi-project environment, when more than two projects run in parallel, being focused on a project performance only can be harmful for your organization. Examining Project Progress and Performance: Essence and Key Techniques. Check how much work is left to do against the approved budget. Read further to understand why.

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Connecting "What" with "How" - and the Failure to Understand the Principles of Systems Engineering and Systems Management

Herding Cats

This is a serious mistake for any non-trivial project or product that operates in the presence of uncertainty, deadlines, not-t-exceed budgets, and mandatory sets of capabilities that are produced in exchange for money. Progress and Value are measured with the same in Earned Value Management. Technical Performance Measures.

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Project Management Process & Phases

ProProfs Project Management

Project Management is the art of coordinating resources and directing working groups to execute components of work so that each group delivers components that can be tied together into a wholesome deliverable (contracted scope of work) within schedule and budget. Perform Integrated Change Control . Initiating.

Process 99
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Programme Management (PM): Managing Projects To Achieve an Objective

Techno-PM

Program Management can be defined as developing and implementing projects by managing the work, people, time, and budget. It is important to note that while project management focuses on individual projects or initiatives, program management deals with groups of related projects managed together to meet objectives over a given period.

Budget 36
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Different Project Management Terms Beginners Should Know

ProProfs Project Management

The amount of money allocated to a specific project is referred to as the project budget. Performance Measurement Baseline. This creates a point of comparison of all the other baselines to evaluate project performance. This refers to the various schedules and costs defined at the start of a project. Optimistic Duration.