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The 5 Phases of the Construction Process (Templates Included)

ProjectManager.com

We’ll define in depth each of the five construction phases: initiation, pre-construction, procurement, construction and post-construction. Then we’ll explain the difference between the construction phases and the project life cycle. To help you manage your construction projects better, we’ll even add a few free templates.

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10 Strategies for Successful Project Execution

ProjectManager.com

What is Project Execution? During the five process groups of the project life cycle, there are multiple objectives and outcomes for each phase. After the project initiation and the planning processes, the execution of the project begins. This leads to the changes that are necessary for every project.

Executing 500
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PRINCE2: The Project Management Method Explained

Rebel’s Guide to PM

The History of PRINCE2® PRINCE2® is part of the best practice guidance that came out of the UK Office of Government Commerce. It started life as the PROMPT methodology, created in a private UK company back in the 1970s. Document lessons learned for future projects. Products can be defined in work packages.

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Understanding the Organizational Governance System as Project Managers

Project Pulse Journal

Is it challenging to navigate the complex landscape of project governance frameworks? Many organizations face similar challenges in ensuring projects deliver tangible value while staying aligned with strategic priorities. Ready to take your project management efforts to the next level?

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How to Write a Business Case (Template Included)

ProjectManager.com

Think of the business case as a document that is created during the project initiation phase but will be used as a reference throughout the project life cycle. How do you know whether the project you’re undertaking is the best possible solution to the problem defined above? Project Scope.

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The Growth in Importance of Project Value

The IIL Blog

On the other hand, the term “project value” has had multiple interpretations based upon the type of project, when in the project life cycle the term is used, and who is using the term. VE and VA terms are most frequently used on government projects rather than in traditional project management applications.

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Hard Costs vs Soft Costs in Construction: Definitions & Examples

ProjectManager.com

But creating a detailed budget is key to successful construction project management. One way to control your project billing is by defining the hard costs vs soft costs on a construction project. Being able to track your resources is how you keep to your budget, and project management software helps monitor costs.