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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 345
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What Is an IT Budget? IT Budgeting Basics (Template Included)

ProjectManager.com

Information technology (IT) runs most businesses. Managing information costs and managing information security for those costs are part of making an IT budget. First, we need to understand what an IT budget is, how often they’re made and what is the best size for one. What Is an IT Budget?

Budget 343
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Project Risk Management: Strategies for Identifying, Assessing, and Managing Risks

LiquidPlanner

That’s why effective project management should go beyond theory, and expand to include risk factors – both internal and external. A practical project risk management strategy accounts for team member miscommunications and mistakes, scope creep and shifting client expectations, and any technical difficulties along the way.

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57 AI in Project Management Statistics

Rebel’s Guide to PM

We gathered 57 of the top AI in project management statistics to help understand this key development in technology. Recent advancements in tech have changed how project managers work in 2024. Only 12% have adopted AI in a substantial way, and the adoption levels are much higher in tech-forward companies (34%).

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10 Strategies for Successful Project Execution

ProjectManager.com

Is your organization failing to close the gaps between strategy and project execution? Fortunately, there are strategies ( and tools! ) Let’s review strategies and tools you can use, and learn how they can help you close that gap to promote successful project execution. And you’re not alone in this challenge.

Executing 500
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Wicked Problem Solving Course Review (PMI)

Rebel’s Guide to PM

Welcome to my PMI Wicked Problem Solving review! In this independent review, I’ll share: Whether the course is really worth it (I think so) Why it’s good for experienced project and change management practitioners Who shouldn’t do the course? I had not heard of Tom before, but he is a tech pioneer, facilitator, and TED speaker.

PMI 432
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What are the Risk Management Roles in Projects and Programs?

Project Risk Coach

This article will provide clear guidance on how to define and assign risk management roles and responsibilities for projects and programs. Ensuring that all of the risks are addressed can be a daunting task, particularly for larger, complex projects. Information Technology) or in a Project Management Office (PMO).