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Project Management Basics: Definitions, Methods and Tools

ProjectManager.com

ProjectManager is powerful project management software that can be used by both experienced and beginner project managers and team members to manage projects. What Is a Project? A project is a sequence of tasks that lead toward a singular goal. What Is Project Management? Get started for free today.

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Project Evaluation Process: Definition, Methods & Steps

ProjectManager.com

Everything starts with careful planning, which sets the stage for the execution phase where estimations, plans and schedules guide the project team as they complete tasks and deliverables. Maintaining a close relationship with the project budget is just as important as tracking the schedule and quality.

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What is Project Life Cycle and What Are its Phases

ProProfs Project Management

You’ve probably heard about the project life cycle, and here we’ll be taking a closer look at this topic. . What is Project Life Cycle. Right from smaller investments to multi-million dollar projects, it requires specific and strict plans that everyone in the team should stick to. .

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Project Documentation: 10 Essential Project Documents

ProjectManager.com

Project managers know the importance of having project documentation. Project documents must be accurate and constantly updated to keep current with the project. Creating and managing project documentation throughout the project life cycle is critical for project success, but where to start?

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How to Cash In on Project Opportunities

Project Risk Coach

More modern definitions of risk include the possibilities of upside risks. When planning for your projects, define the term risk and determine how you will identify and manage both threats and opportunities. Include your definitions and processes in your risk management plan. 40% x $20,000 = $8,000 expected monetary value.

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125 Project Management Buzzwords

The IIL Blog

Benchmarking Identifying a project performance indicator or practice, then assessing it against industry standards or best practices. Bottom-up Estimating A project estimation technique that leverages tactical-level team members/subject matter experts (SMEs) to break down tasks into smaller components to create a more accurate estimate.

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Risk Analysis 101: How to Analyze Project Risk

ProjectManager.com

By planning for risks, you begin the process of knowing how to identify, monitor and close out risks when they show up in your project. Definition of Risk. Hopefully, you’re familiar with the basics of project risk management. Activity duration estimates. Cost estimates. What Is Risk Management?

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