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Bottom-Up vs. Top-Down Budgeting Approaches

ProjectManager.com

There are many ways to approach budgeting. Two of the more common approaches are bottom-up budgeting and top-down budgeting. Knowing which is right for you starts with understanding both of these budgeting approaches. Then we’ll show you how to make a budget using both so you can make an informed decision.

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Project Budget Template for Excel

ProjectManager.com

A project budget contains the financial details of your project, including the estimates of all the money you need to layout to lead a successful project, from resources to materials. Monitor project expenses with this Excel budget template. The budget is the life’s blood of your project, so you need to monitor it accurately.

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The Importance of Operational Project Management for Businesses

ProjectManager.com

Operational project management deals with the planning, organizing, monitoring and controlling of resources to achieve project objectives. Its objective is to improve the day-to-day business operations which requires strong leadership and communication skills. What Is Operational Project Management?

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7 Steps for a Successful Project Budget

ProjectManager.com

That’s why planning out your project budget is so important: it’s the lifeblood of the project. But first, we need to define what a project budget is. What Is a Project Budget? A project budget is the total projected costs needed to complete a project over a defined period of time. Why You Need a Project Budget.

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Top 10 Project Management Qualifications

ProjectManager.com

Project planning is the second stage in project management, after initiation and before execution, monitoring and controlling and closing. Project Budgeting The project budget is what the project will cost to complete. Project Budgeting The project budget is what the project will cost to complete.

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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. The creation process for an organization’s project strategy is in the hands of leadership and management. This will inform your schedule and budget. That’s the project scope.

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Leading with Transactional Leadership

ProjectManager.com

Leadership can be customized to the individual. This might sound backwards, even counter to what leadership is, but the definition of leadership is broad enough to hold a multitude of approaches. So today, let’s take a look at one of the foundational types of leadership—transactional leadership.