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What is the Project Life Cycle and How to Use It Better?

Workamajig

The project life cycle describes the stages a project goes through as it progresses from start to finish. A well-defined life cycle brings order and structure to the project. This article will demystify the project management life cycle and help you run better projects.

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Hard Costs vs Soft Costs in Construction: Definitions & Examples

ProjectManager.com

It’s not easy for construction companies to make accurate budget forecasts. But creating a detailed budget is key to successful construction project management. One way to control your project billing is by defining the hard costs vs soft costs on a construction project. A construction estimate template can help.

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A Beginner’s Guide to Understanding Earned Value Management

MPUG

In 2023, Project Management Solutions published a white paper on Project Management Skills for Value Delivery after surveying hundreds of organizations of varied sizes and types that showed that PMs (includes PMPs) across the board were particularly unskilled at measuring work performed using earned value analysis.

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Project Management Metrics Every Manager Needs to Track

ProProfs Project Management

The life of project managers has always been tough, and it gets irksome when they have a tight time window and budget. . ‘Do Clients just want timely delivery of promised project deliverables, and this puts more pressure on project managers. Evidently, you do some investments to complete project activities aptly.

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How to Master the 5 Phases of the Project Management Life Cycle

Wrike

The Project Management Book of Knowledge (PMBOK) defines the project life cycle as “the series of phases that a project passes through from its initiation to its closure.”. The standard project life cycle diagram is made up of five phases: Initiation. Controlling and monitoring.

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Project management metrics and six sigma metrics : How to Use Them and Make Projects Successful

Techno-PM

The survey is the best way to acquire the data for this metric. Then calculate (Total Survey Point Score/Total Questions) X 100 for CSI. For Measuring Project Performance These are important metrics that tell how well a project is doing, cost-wise. PV is calculated as Planned % Complete X Budget 6.Earned

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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. — Project Management Institute. What is the project process?

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