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Closing A Project with MS Project

MPUG

The role of a project manager (PM) is not only to plan, execute, and track a project, but that of closing a project properly. I see many PMs use the MS Project software tool to work on a project over its life cycle, but most don’t use MS Project to close the project.

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The Importance of Operational Project Management for Businesses

ProjectManager.com

However, these two roles are closely related and work together from different perspectives. Projects are often closely tied to ongoing operations and must be managed to ensure success. There are also similarities between project management and operations management. Who Is Responsible for Managing Operational Projects?

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Project Monitoring and Control: Tools & Steps

ProjectManager.com

Before we get to the steps to monitor your project, let’s put the concept into context. There are five phases in the project management process: initiation, planning, execution, monitoring and controlling and closing. Project monitoring and controlling occur in tandem with the execution phase in the project’s life cycle.

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Capital Budgeting: Definitions, Steps & Techniques

ProjectManager.com

Capital Budgeting Process There are various ways a company will execute the capital budgeting process. Larger companies have a committee dedicated to this process while in smaller companies the work usually falls to the owner or some high-ranking executives and accountants. Again, project management software has features to do this.

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The Construction Resource Management Process Explained

ProjectManager.com

Learn more Types of Construction Resources Resources are anything that’s used to execute the project or needed to bring the project to a successful completion. It’s often said that these people are your most valuable resources as they’re the ones who use the other resources to execute the project.

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How to Build and Implement a Project Strategy

ProjectManager.com

Create a Project Budget The project budget will determine the resources, which is the estimated costs of the project. By creating a budget, the project manager can forecast the project costs. Assemble a Team Your team will be the ones who execute the project.

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What Is Project Accounting? Principles, Methods & More

ProjectManager.com

What Is Project Accounting? Project accounting refers to all elements related to financial transactions in a project. This includes everything from project costs, billing and revenue. Project managers and accountants use project accounting when executing financial tasks on projects.