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How to Budget For Your Company’s Technical Debt

Zen Project Management

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? Legacy systems are a perfect example of technical debt.

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Key Technology Trends in the Construction Industry in 2024

Epicflow Blog

Read further to learn what construction trends are going to shape the industry in 2024, and how it’s expected to address current challenges and ensure sustainable growth. 5; 6] Let’s review what construction technology trends will drive the industry’s development in 2024. damage or cracking on buildings). [2]

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Simplifying Procurement in Project Management

Project Pulse Journal

Whether reducing costs, ensuring high-quality supplies, or managing risks effectively, these strategies are designed to give you an edge in today’s competitive environment. Cost Efficiency : Mastering procurement helps secure resources at the best prices, directly impacting the project's budget and financial success.

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SWOT analysis in project management: definition, instruction & example

Inloox

Assessment of threats It draws attention to potential external risks and threats that could negatively impact the project. This knowledge enables the project team to develop and implement risk management strategies to avoid potential obstacles or mitigate their impact. How can we benefit from new technological developments?

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10 Project Constraints That Endanger Your Project’s Success

ProjectManager.com

A project is often defined as successful if the project’s objectives are achieved by the deadline and stay within the budget. Let’s assume you’re running out of time and need to meet a certain due date. Managing risks is an important task for project managers. Of course, you can control risk to a certain extent.

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How to do more with less

LiquidPlanner

This article offers several solutions to this challenge, providing prioritization, process and people tips and how technology can be leveraged. And while some of us are blessed with rock stars who can sift through and deliver in the face of a steadily increasing pile of assigned work, we also risk burning out our best talent.

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Project Requirements: The What, Why, and How

Rebel’s Guide to PM

By understanding and documenting the project requirements, you can ensure that the project is completed on time, within budget, and meets the expectations of the stakeholders. Requirements also help you cover off other success criteria like quality expectations, sustainability requirements, and more. Requirements can be prioritized.