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RFI in Construction: A Quick Guide for Contractors

ProjectManager.com

An army of subcontractors each with their own specific discipline complete construction projects. We’ll also note the difference between an RFI in construction and other construction project management documents before going into the construction RFI process, the different types of RFIs and more. What Is an RFI in Construction?

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How to Calculate Project ROI [Steps, Formula, Example]

Teamweek

Project managers often struggle to calculate project ROI and communicate a project’s financial value to stakeholders as they might not have the right tools or processes to do so. This guide has everything you need to start calculating the ROI of your projects, avoid scope creep, and improve project efficiency.

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Strategy and a Business Case Plan Template For Your Projects

The Strategic Project Manager

A ‘Business Case’ provides justification for the initiation of a project. A Business Case is done in collaboration between a Sponsor and Senior Management. It is critical to know who is driving the interest in the project, and to build initial stakeholder relationships between them and senior management.

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Flat Rate vs. Hourly: A Guide For Agencies

Teamweek

This is typically done based on calculating how long it will take to complete the project in hours and then multiplying that by your hourly rate. You still charge per hour but also include the cost of materials associated with the project. Flat rate vs hourly — pros and cons. They know upfront what the project will cost.

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Episode 185 – Redefining Project Success through Sustainable Project Management

Velociteach

The podcast by project managers for project managers. Projects are instrumental in defining an organization’s vision for a more sustainable future. So when we look at green projects, it’s are you taking a total asset lifecycle focus? We’re talking about Green Project Management.

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What is ROM and how to calculate it (with example)

Rebel’s Guide to PM

A rough order of magnitude estimate is used to give you a very high level view of potential project costs. Ideally, you’d be able to provide a definitive estimate, carefully created from loads of input from subject matter experts and plenty of research on past projects and their budgets. What is ROM used for?

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Software Cost Accounting

Herding Cats

There is a saying in the project management business that money comes in two colors - Green and Blue. It is allocated funds to the budget for the project. For internal use software, there are three stages defined by accounting guidance: 1) preliminary project phase (i.e. Money comes in many colors.