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Capital Budgeting: Definitions, Steps & Techniques

ProjectManager.com

Figuring out what to spend its capital on, such as capital spending on long-term assets, is part of capital budgeting. First, we need to define capital budgeting, what a capital budget is and why it’s important. Then we can go through the capital budgeting techniques and the steps to a capital budgeting process.

Budget 357
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How to Budget For Your Company’s Technical Debt

Zen Project Management

Guest post by Dr. Mik Kersten While “technical debt” is a term that’s frequently used by technologists, the implication and understanding of it tends to be opaque to the business until it’s too late - just look at how Nokia lost the mobile market that it helped create. What’s technical debt?

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The Importance of Operational Project Management for Businesses

ProjectManager.com

However, because they’re concerned with streamlining department workflows, implementing new technology or processes or even updating the company’s offerings, customers will eventually see the benefits of these improvements. Both rely on effective planning, execution and monitoring, and both require strong leadership and clear communication.

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Everything You Need to Know About Release Managers

Rebel’s Guide to PM

The role of a release manager is crucial in ensuring that software projects are completed on time and within budget. The release manager at my last job worked closely with the development team to review what code changes would be coming. You have to be technically-minded, with good technical skills.

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10 Strategies for Successful Project Execution

ProjectManager.com

Let’s review strategies and tools you can use, and learn how they can help you close that gap to promote successful project execution. We’ll hear from experts and review key takeaways that project leaders can immediately put into practice in their programs and projects. Meet Regularly. Following processes. Manage Team.

Executing 501
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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. The more mature an organization’s management, the more likely they’re going to meet its strategic goals. It does this through resource planning, cost estimating , cost budgeting and cost control.

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Software Project Management: Why It’s Different

ProjectManager.com

Every project is different, of course, but the differences when managing software development projects are especially so, due to its distinct life-cycle processes. Here the project scope is defined and a budget is created. Monitoring and Control This phase happens at the same time as the execution phase.