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Best Cost Control Techniques

ProjectManager.com

This is why in project management and business in general cost control is so important. To understand cost control, let’s first define it and then we’ll show the steps you can take to implement cost control. There are also a number of cost control techniques that can help, which we’ll also outline. What Is Cost Control?

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Importance of Scenario Planning and Analysis in Business

ProjectManager.com

This is called scenario planning. To better position a business to be prepared to respond to the unknown, learn what scenario planning is and what the different types of scenario planning are. What Is Scenario Planning? Scenario planning is different from forecasting. All have advantages and disadvantages.

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How Poor Risk Management Is Hurting Your Program

Project Risk Coach

Poor risk management is costly. Let's look at the cost of poor risk management through the example of Tom Whitley. The application of knowledge, skills, and principles to a program to achieve program objectives and to obtain benefits and control not available by managing program components individually. Program Management.

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What Is Change Control in Project Management?

ProjectManager.com

Teams get sick. Change control is the process used to manage all these variables. If change happens (which it always does) then it’s crucial that you have a mechanism in place to control that process. But what is change control in project management, and what are the steps necessary to implement it? Supply chains break.

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Project Controls: A Quick Guide

ProjectManager.com

If something bad is going to happen on a project, it’s likely related to time, cost or scope. Project managers are well aware of this and spend much of their time planning in order to avoid negative risk and its potential impact. What Are Project Controls? Why Are Project Controls Important? Methodology. Cost estimates.

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7 Hidden dangers of project management (Or why even well-planned projects sometimes fail)

Rebel’s Guide to PM

Despite your efforts to clearly define the scope, time and resources necessary to successfully complete the projects, things simply don’t always go according to plan. Maja Mrsic Here are 3 examples of projects that didn’t go to plan. So why do some projects crash to their doom? For example, in June 2010 Chrysler merged with Fiat.

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How to Develop a Quality Management Plan

Project Risk Coach

Let's look at the cost of having no quality management plan. Then, we will explore how to develop a practical quality management plan. The Cost of Poor Quality First, we may not meet customer's needs and expectations. Fifth, your team's morale may suffer. This is often a result of poor quality requirements.