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Tracking Budget Variance in Project Management

ProjectManager.com

Project managers use budget variance analysis when managing projects. It’s a key technique that helps monitor and control project costs. Budget variance analysis simply compares the actual costs of a project against what the project has been budgeted for. Learn more What Is Budget Variance Analysis?

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Henry Gantt’s Biography & Role in Gantt Chart History

ProjectManager.com

Of course, back then Gantt charts were drawn by hand, which was a labor-intensive method. Later he published Work, Wages and Profits: Their Influence on the Cost of Living (1910), Industrial Leadership (1916) and Organizing for Work (1919). He also authored the booklet Training Workmen in Habits of Industry and Cooperation.

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Stakeholder Mapping 101: A Quick Guide to Stakeholder Maps

ProjectManager.com

Map your stakeholders and keep them in the loop with ProjectManager.com’s project management features. A stakeholder map is a visual, four-quadrant influence-interest matrix used to identify stakeholders and categorize them in terms of their influence and interest in the project. Try it for yourself today!

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Kanban vs. Scrum: What’s the Difference?

ProjectManager.com

This means this methodology greatly influences how your team operates and might even require you to make hiring decisions based on it. Of course, that’s true in any project, but it’ll come fast and furious in a scrum environment. On the other hand, kanban doesn’t have such strict rules.

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Project Controls: A Quick Guide

ProjectManager.com

Think of project controls as the mechanism that keeps a project on schedule when planning and executing, keeping costs within budget. This means saving the project and the organization time and money. Furthermore, project controls help to answer important questions about the project. Project Implementation.

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SWOT analysis in project management: definition, instruction & example

Inloox

How to perform a SWOT analysis Once the SWOT analysis is completed: 5 key approaches for strategy development Concrete example: SWOT analysis in a software development project Conclusion 1. This knowledge enables the project team to develop and implement risk management strategies to avoid potential obstacles or mitigate their impact.

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10 Project Constraints That Endanger Your Project’s Success

ProjectManager.com

One of the biggest challenges of every project manager is project constraints. They limit a project, and they can quickly endanger your project’s success. Hence, it’s important to know all possible constraints, their influences on each other and the project management tools that address those constraints.